Fintech platform to invest Rs 200 crore

Fintech platform PayMe on Thursday said it will invest Rs 200 crore in Uttar Pradesh, creating 2,000 jobs in the region, with a focus on training and development of skilled resources in the fintech space.

The company signed a Memorandum of Understanding (MoU) with the state government in the presence of Shailendra Bhatia, OSD YEIDA and Nodal Officer for UP Investors Summit and Manav Munjal, Director PayMe and Vishal Ranjan, VP of HR.

Mahesh Shukla, Founder & CEO, Paymi said, “I come from Gorakhpur, a Tier II district, where access to quality education and job opportunities were rare. Now that we have the means to give back to the society, it is our duty to be a part of the UP Investors Summit initiative.”

The fintech company said that this investment will contribute to the growth and development of the fintech sector in Uttar Pradesh, thereby creating new opportunities for the local workforce.

Shukla said, “Payme is growing at a tremendous pace, with a six-fold increase in the workforce in the last one year, and we expect to create 5,000 job opportunities in the next 5 years.”

Established in 2016, Noida based PayMe offers a pool of comprehensive financial services to individuals and corporates. With an initial capital of $2 million, the company was rated among the top 30 emerging fintech start-ups by leading startup news portal Inc42.

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