BankBazaar to further strengthens employee base

BankBazaar, India’s leading financial marketplace, revised its hiring goals for FY19 to 1000 new hires, up from 800 announced at the beginning of the year. The company overshot its original target at the end of the third quarter of the year, and intends to hire 200 more employees in the last quarter. Majority of the hires would be for the Technology and Customer Service domains, with hiring taking place across all BankBazaar locations in Chennai, Bangalore, Mumbai, and Delhi.

BankBazaar has seen sustained growth throughout the year, and with the busiest quarter of the year coming up, the company is preparing for it in a big way. Adhil Shetty, Co-founder and CEO, BankBazaar, said, “2018 was marked by a steep increase in the customers’ appetite for digital paperless, presence-less finance. We saw aggressive growth in not just our metro markets but also in the non-metros. The number of visitors to the site has grown by 2X and there has been more than 100% growth in multiple categories. As digital penetration increases, we are seeing a growing segment of new-to-digital finance users coming on board at BankBazaar. So, we are looking to further strengthen our Technology and CS Teams keeping the special requirements of this segment in mind.”

BankBazaar is preparing for increased volumes of customers in the last quarter of the year, a time when serious financial investments take place. Sriram V, Chief HR Officer, BankBazaar, adds: “This is a great time to be in BankBazaar as the company is growing at a blistering pace and there is so much of innovation happening in every sphere. We are very buoyant about hiring and we are looking to welcome professionals who are culturally and technically fit to meet our organization’s high growth goals.”

BankBazaar hosts the widest range of financial products from over 85 of the biggest public and private sector banks, NBFCs, and insurance companies in India. It closed the last quarter with 100M visitors. The company raised USD 110M through funding from investors such as, Experian, Fidelity Growth Partners, Mousse Partners, Sequoia Capital and Walden International.

About BankBazaar

BankBazaar, ranked as the best financial website in India by the Internet And Mobile Association of India (IAMAI) and the best emerging brand in Asia by CMO Asia, is India’s first neutral online marketplace that gives you instant customized rate quotes on loans, credit cards or any other personal finance products. It simplifies the loan application process. Anyone can instantly search for tailor-made offers, compare, customize it as per his or her need or profile and apply for their finance products. It is designed with smart technology capabilities and over 85+ of India’s leading financial institutions and insurance firms have chosen to integrate themselves with the platform. For the online consumer today, banking is as easy as shopping for anything online. What’s more, BankBazaar’s services are completely free!

BankBazaar services are available through the web-portal, made-for-mobile web service, or the BankBazaar app available on the Android play store and iOS app store. It helps consumers compare best offers across various banks and NBFCs. Apart from these, it gives the consumer the latest news/trends and insights into managing finances better. The consumers can track their application and troubleshoot issues in the process through a host of channels like the BankBazaar app, WhatsApp, Email, Voice-support etc.

Apart from India, also has an office in Singapore and Malaysia. It commenced operations of in 2016 and in 2017, and is well positioned to be a fully integrated online acquisition channel for partner banks.

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