British neobank Tide wants to hire 600 techies and business execs in Hyderabad and Gurugram

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British neobank Tide wants to hire 600 techies and business execs in Hyderabad and Gurugram
TideTide
  • The UK-based fintech company is looking forward to hiring 600 tech professionals by the end of 2026.
  • Earlier this year in June, the financial services company also announced its hiring plans of 1,000 people in India.
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Tide, a United Kingdom-based financial and banking services platform, is looking forward to hiring 600 tech professionals by the end of 2026 for its office in Hyderabad, which is the tech centre of the company in India.

The neobank ⁠— which operates in partnership with RBL Bank in India ⁠— needs 300 engineers, with a particular focus on backend engineers in Java and Python, across various roles. It is also looking for experts in data science and Flutter.

Founded in 2015 and launched in 2017, the fintech ⁠— valued at $650 million ⁠— will include training and hiring fresh graduates from institutes like Indian Institutes of Technology (IIT), National Institute of Technology (NIT) through an ‘Internship to hire’ programme.

Interns who successfully complete the programme will be offered a full-time opportunity.

What is Tide?What does it do?
A digital financial and banking services platform with its India headquarters in Hyderabad and Gurgaon.Offers business accounts, related banking services and administrative solutions to small and mid-size enterprises (SMEs)

Earlier this year in June, the financial services company also announced its hiring plans of 1,000 people in India. “So out of 1,000, 200 have already been hired and overall, we have a team size of over 350 today in India,” Gurjodhpal Singh, chief executive officer (CEO) at Tide (India) told Business Insider in an interaction.
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Other than tech professionals, the company will also be hiring people across business profiles for their Gurugram office, which is the business hub of the company. He further said, “Along with techies, we are also actively hiring for business teams and business roles. So that is another aspect of the 1,000 employees that we are looking to hire.”

When asked about how the company will fund the new hiring plans, he said, “We have raised a decent Series-C earlier this year. So, both these put together put us in a position where now we can invest into further growth and that is what we are intending to do. Our growth journey will also be focused on growing in terms of revenue and market share. All that will go into investing into a larger team and building a more robust product.”

Total funding raised so farKey investorsKey competitors
$195.2 million Source: CrunchbaseAugmentum Fintech, Apax Digital, Passion Capital and SBI Group InstantPay, Open, Revolut etc.

In an interview with Business Insider, Singh, also mentioned the aggressive growth plans in India in the next five years but did not reveal much details. He said, “ We have aggressive growth plans for the next 5-years. Considering that India has 10% of global SMEs, our aspiration is to impact 25% of the global SME base through Tide.”

Singh mentioned his plans about launching new products in the Indian market and setting up of new offices in different states of the country. “ In parallel we will also be expanding our product foothold across the country, apart from Delhi and Hyderabad with our banking partner (RBL Bank). We're a very open and agile organization and would be open about moving into some more cities as well in India if need be. But for now, this is the plan,” said Singh.

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