to add 600 new hires

In the last fiscal ,the online financial product marketplace added 500 new employees

1602, the online financial product marketplace and free credit score provider, is planning to add 600 more employees to its workforce at the end of the financial year 2022. The Company will hire across roles, such as technology, product, operations, and customer service.

The Company is looking to expand in the area of digital KYC and analytics solutions, which have been its key drivers of growth. The firm hire for positions in multiple places and locations, such as Bengaluru, Mumbai and Chennai. has also decided to bear the cost of vaccination of its employees and their family members as per the guidelines given by the Government. Since March last year, the Company is operating from a work-from-home model.

According to the firm, the major reason for growth last year has been credit cards, and 72 per cent of credit card issuance has been contactless. The Company also says that there has been a surge of personal loan applications in the last leg of the financial year 2021-22. In fact it claims that it has seen a 2x growth in the number of personal loan applications between January and March, 2021.

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