Novo to expand operations in India recruit 100 engineers. Novo, a banking platform headquartered in the United States, announced intentions to expand its workforce in India on Friday.
By FY 2022, the firm plans to hire 100 engineers for senior-level. And support positions in software, backend, frontend, android, and DevOps. The hirings will be a focus on the Delhi NCR, Ahmedabad, and Bengaluru offices. As well as remote working positions throughout India.
Novo has raised $40.7 million in a Series A round-headed by Valar Ventures. With participation from additional investors including Crosslink Capital, Rainfall Ventures, Red Sea Ventures, and BoxGroup.
The business said it would use the money to guarantee effective execution. And the fulfillment of its current recruiting goal, as well as to extend its operational footprint in India.
“India is the driving force behind our technological advancements. As the only international market for our support operations. We take pleasure in developing teams across several positions from India’s extremely skilled pool of people. The newly obtained capital will be used to further our goal of providing improved customer experiences in a seamless manner “Tyler McIntyr, Novo’s founder and chief technology officer, said in a statement.
So, “After obtaining Series A financing from our investment partners. We are well-position to execute our next growth step in India. Which is to recruit a skilled staff and set new milestones,” said Ajar Upadhyay, Director of Operations – India, Novo.
Therefore, Currently, the independent firm that allows small companies to establish accounts. Without requiring a minimum balance has over 70 workers in India.
It anticipates doubling this number to over 200 by FY 2022 as a result of the recruiting drive. The goal is to create employment through developing sophisticated technologies, strengthening operations, and ultimately transforming India’s whole banking environment.
McIntyr said that the firm would continue to concentrate on the primary challenges faced by small companies: cash flow. Which also will be address via quicker payments and access to financing options that banks typically do not provide to small businesses.