Lending platform mPokket to hire over 1500 employees in 2022
New employees to support the startup’s mission to make young India financially independent National, 23 December 2021: mPokket – an Instant Loan App providing loans to college students and young working professionals – today announced its hiring plans for the financial year 2022. The Columbia Business School alumnus-led mPokket will onboard 1500 plus employees in 2022, across its various verticals. Between April 2021 and December 2021 (YTD), mPokket hired over 500 new employees across all functions, leading to a total workforce of 1400+ employees.
As the company scales further, the new hires will support mPokket’s mission of making young India financially independent. Over 80 percent of the new recruits would be for operations, with the remaining in corporate functions. It would be largely divided into Tech, Product, Data Analytics, HR, Finance, and Marketing.
For its flagship Tech Rangers program, mPokket is looking to hire the crème de la crème from premium Tier 2 colleges across the country. This particular program would admit 20 out of the total of 70 engineering hires. mPokket's tech team comprises PHP developers, Python developers, Quality Engineers, and DevOps engineers amongst others.
Commenting on the announcement, Sukhpreet Singh, Head HR, mPokket, said, “The Company is on the lookout for bright minds with similar values and passions to make decisions that will further the company's mission. Hiring people who can lead and drive the organization forward has always been our top priority. The new hiring would bring in a tighter focus on mPokket’s principle of being customer-oriented. The company is working towards fostering a winning ethos of purpose-driven initiatives.”
Headquartered in Kolkata, mPokket also has offices across prominent cities such as Bangalore and Hyderabad. Recent hires include Vikram Singh as product head, previously an Associate Director at Myntra, Maninder Singh Grewal was appointed to the newly-created position of Chief Data and Analytics Officer, and Sukhpreet Singh, as the new Head of Human Resources (previously Lenskart).
The upcoming hiring will allow talented professionals from various domains to apply to one of India's fastest-growing fintech startups. “At mPokket, we encourage a positive and people-oriented work culture at all levels. Our new hires can look forward to a collaborative and challenging work environment”, added Gaurav Jalan, Founder & CEO, mPokket and member, Fintech Association for Consumer Empowerment- FACE.
With users across 19,000 pin codes in the country, mPokket has clocked ₹1200 crore in disbursals in the 2020-21 fiscal year. The app has seen over 10 million downloads till date.
About mPokket
mPokket is an Instant Loan App providing loans to eligible college students and young working professionals. Founded by Gaurav Jalan in 2016, the company has grown today to serve more than 1.5
million borrowers.
Borrowers can avail of loans ranging from ₹500 to ₹30,000. After an initial KYC process, the approved amount is instantly credited to their bank account within minutes. mPokket’s business model is similar to credit card lending but focuses on individuals that are ineligible to borrow from traditional lenders yet need loans to meet urgent needs. The mobile application seamlessly delivers credit anytime anywhere.
