December 4, 2020

Niyo esops: Niyo rolls out wage hikes, bonuses, ESOPs to workers

BENGALURU: In an effort to spice up worker morale and assist them throughout the pandemic, fintech firm Niyo is providing 10-12% wage hikes, bonuses and ESOPs, taking the whole inventory grants to over Rs 100 crore for all eligible workers.

The wage increment and bonuses will probably be credited to the workers’ accounts by the top of this month. Niyo can be doubling the dimensions of its expertise and product groups by the top of March 2021.

“Rewarding our workers for his or her persistence and exhausting work is our humble manner of supporting them in these difficult occasions and displaying them that we care. We strongly imagine that if workers have a sense of possession, they’ll make a major contribution to our imaginative and prescient of offering nice buyer worth and expertise. Whereas the final 4 months have been troublesome for us, all our groups have been placing of their finest efforts to contribute to Niyo’s continued success and realising its long-term imaginative and prescient,” mentioned Niyo co-founder and CTO Virender Bisht.

Niyo has additionally rolled out a number of initiatives to make sure the bodily and psychological well-being of its workers.

The corporate lately hosted House-a-thon, a digital hackathon occasion, to encourage workers to take advantage of the lockdown and give attention to improvements in product, design and expertise. The fintech agency lately introduced the acquisition of Goalwise, a new-age mutual funds platform, to launch a vertical underneath the model identify ‘Niyo Wealth’, which might be headed by the founders of Goalwise. Niyo Wealth will provide robo advisory, auto investments, and home and worldwide stocks by the top of September.

The corporate is backed by Social+Capital, JS Capital and Prime Enterprise Companions, and has raised about $49 million in funding to date. It operates out of company places of work in Bengaluru, Mumbai and Delhi, and employs round 1,000 folks.