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2020 was a gloomy year for jobs and employment

The cursed year of 2020 had witnessed a surge in suicide rates because of a surge in unemployment rates. Reportedly, over 12.2 crore Indians had lost their jobs and employment opportunities because of which the unemployment rate rose to 80% in India. These job losses were inflicted on individuals irrespective of their eligibility or qualifications. 

This brought down the economy groveling in the dust, making the middle-class Indians financially unstable. 

Besides job losses, the business functions were also hindered largely because of the absence of an adequate workforce and many local shops and offices had to close their doors permanently. 

Fintech firms that never stopped running and are now creating employment opportunities for the eligible ones

According to reports of FICCI and Boston consulting group, the fintech firms are capable of creating job opportunities beyond the $100 million that already exists. 

One of the most rapidly flourishing and growing fintech firms is that of Cryptocurrency and bitcoin. Being digital in nature, these digital currencies do not demand the presence of a human workforce to monitor and regulate their functions. Reportedly, IT sectors have opened up their doors for fresh recruitments that have curbed the unemployment rate by 23%. 

This is mostly because foreign companies are aggressively trying to make expansions on their businesses and branches choosing India as their settlement spot. 

Listed below are some of the fintech firms that are proving their genius in creating employment: 

  1. Revolut  :A European start-up that facilitates stock exchange, trade, money transfer, and wealth management, has now set its foot in  India. It has Parroma Chatterjee as the chief executive of the office in India and is now looking for 300 candidates for the office in Indi
  2. Coin base  : A US-based start-up, Coin base is all set to commence with its operations in India. It has created vacancies for engineers as it believes in the local talents of India. They wish to leverage the young minds to the best of the company’s benefit.
  3. WazirX : A US-based start-up again, WazirX is a crypto firm that is desperately looking for engineers who are passionate and enthusiastic about cryptocurrency. It has doubled its workforce to 65 employees and now plants to enhance it by a treble by 2021.
  4. Lendenclub : Lendenclub which has performed well even amidst the pandemic is now impulsed to proliferate its workforce by a triple what it has now. It is looking for candidates from various sectors of marketing, digital marketing, engineering, and sales and distribution.
  5. Razorpay : Razorpay is a start-up that is now planning to stretch its business in South East Asia. It makes space for around 600 hirings and wishes to settle down in India with a rich workforce of engineers and operations managers to make their visibility strong in India.
  6. Lendingkart : Lendingkart is an Indian start-up that exists to help the SMB markets, focusing more on small and local businesses. It facilitates loans for them without collateral. The company is now hiring to increase its workforce so that funding can be made easily accessible to everyone within a short period of time.
  7. Money tap : India’s first app-based loan facilitator Money tap came into existence in the year 2015. Small businesses can apply for loans using the app available on the play store. Having made successful endeavors for India, Money trap wishes to expand its workforce by hiring engineers and digital marketers to make their visibility pronounced.
  8. Instamojo : Instamojo is an Indian fintech start-up that business people and entrepreneurs use for loans and getting their business funds customized. Although, a start-up, Instamojo has boomed astronomically and has created vacancies for engineers, and students of commerce to utilize ideas exhibited by the young minds.
  9. Paytm :One of the most renowned transactions platforms, holding authorizations by the Reserve Bank of India, is the most growing digital money transactions platform. It wishes to expand on its employee strength by welcoming interested ones from diverse backgrounds of finance, digital marketing, and branding to play more efficiently the fintech landscape.
  10. Shiksha : Shiksha happens to be one of the best education finance firms that design loan packages for students who wish to pursue higher studies or try in universities abroad. It has vacancies for the position of engineers. It mostly encourages young minds who can pour out their enthusiasm at work, pushing Shiksha towards excellence.