Tide already has some 200 employees in India, mostly based at its Hyderabad tech centre, another of the reasons why the country was chosen for expansion. New roles being created as part of the just-announced hiring surge will include product and software development, marketing, risk and compliance, and member support.
As well as aiming to support SMEs, Tide will also focus on the unregistered and unorganised business sector in India, helping these businesses to digitise and bringing them into the mainstream finance sector.
On the ground, Tide is working with local bank RBL Bank to provide bank accounts for its members.
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