mPokket to hire 1500 people in 2022 amid expanding user base

Fintech startup mPokket will reportedly bring on board a group of 1500 employees in the year 2022 owing to an increase in the number of users of its instant loan application. The app is basically designed for the working young professionals and the college students.

As per credible reports, the Kolkata based firm hired around 500 employees throughout all operations during April and December 2021 and aims to increase the hiring number to over 1400 people.

Gaurav Jalan, Founder and CEO of mPokket mentioned that the forthcoming hiring will open avenues for professionals full of caliber in multiple domains to get an opportunity to apply at one of India’s thriving fintech startup companies.

He continued that the new joiners will be placed in various departments like data analytics, technology and product development, marketing and finance and so on.

Gaurav also added that amongst the new recruits, 80 per cent of the people will work for operations and the remaining for corporate functions.

According to sources, mPokket’s users are spread to almost 19,000 pin code regions across the country, for which the startup registered credit disbursement of almost Rs. 1,200 crores during the fiscal year 2020-21. Following this, the app has recorded over 10 million downloads until now.

For the uninitiated, mPokket has its office branches in many cities including Hyderabad and Bangalore. The firm offers instant loans to its users ranging from Rs.500 to Rs.30,000 after carrying out the KYC process effectively.  The complete process of granting the loan is done through the mobile app eliminating any sort of physical interface.

It has been speculated that mPokket particularly emphasizes on people who remain unsuccessful in meeting the eligibility criteria of the conventional money lenders and who need urgent loans to address requirements.

Source credit:- https://www.business-standard.com/article/companies/fintech-startup-mpokket-plans-to-hire-1-500-people-in-2022-121122301251_1.html