The $5.5 billion fintech startup Revolut looks forward to entering the Indian market this year as the Britain-based banking app marking its debut in the country; it may at least 200 jobs up for grabs. The co-founder of Revolut, Nikolay Storonsky, is amazed at the quality of talent in India. Additionally, the company is hiring around 200 people in India at the moment.
Despite announcing the plans to expand into new markets amid the pandemic, Storonsky is confident that Revolut indeed holds the potential to take on India’s competitive environment, and as per him, the startup offers unique services that aren’t reasonably available on any other platform, including commission-free stock trading and international money transfers without charge.
Moreover, India isn’t the only market Revolut is entering; in October 2019, the company announced that it would expand into 24 new markets and add around 3,500 people to its staff. Additionally, it would make the count from 1,500 to approximately 5,000.
What are Revolut’s employment practices?
A burgeoning fintech startup has been lauded often as ‘the place to be’ for some of the freshers who are looking to hone their skills and gain extensive experience but working in the startup world is not without its uncertainties.
Back in 2019, research revealed that all might not be well within Revolut’s work culture. Additionally, the report alleged that there was evidence of unpaid work, high staff turnover, and employees being forced to work on weekends to meet performance targets.
Things went from bad to worse during the COVID-19 pandemic as at least 50 people amid the staff of Revolut claimed that they had been told to either quit their jobs voluntarily or be fired in Poland and Portugal.
What else was reported?
These reports also suggest that the high-pressure environment surely might not be everyone’s capability, but some types of employees tend to thrive in such a challenging environment as people who can cut it, work with some of the most experienced engineers, and the product development is fast.
Around $5.5 billion fintech startup Revolut aims to enter the Indian market in this current year as the founder is amazed at the quality of talent in India.
Instead of showing off its plans for expanding into some new markets amid pandemics, Storonsky is confident that Revolut will also step into India’s competitive environment because the startups provide unique services that are not available on any other platform, including commission-free stock trading and international money transfer without any charges.
Does the future look promising?
A growing fintech startup has also been praised as ‘the place to be’ for freshers looking to hone the employees’ skills and achieve extensive experience as the startup world is not deprived of its uncertainties.
Notably, during the Covid-19 pandemic, things can turn from bad to worse, but those who stick around within a short period can utilize the experience as a step to reach somewhere.
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