US based fintech Formidium opens new office in India, will recruit more than 50 employees

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New Delhi. US-based fintech company Formidium on Monday said it has opened a new office in India and plans to hire more than 50 employees across various positions in the next three years.

The company set up a new office Center of Innovation (CoI) in Bengaluru.

“We want to harness the exciting talent pool available in the Silicon Valley of India to accelerate our journey as a tech-enabled fintech firm in the fund administration business,” Nilesh Sudrania, founder and CEO of Formidium, said in a statement. Are.”

“We will hire more than 40-50 candidates in the next three years. It is expected that the number of employees will double in the next five years,” he said.

According to the company, the new office will focus on tech development and lead research, development and execution efforts in blockchain, AI and fintech.

Formidium is looking to hire talent in Cloud, Security, Blockchain and General AI for COI. There are positions in engineering, architecture and product roles.

Formidium has been operational since 2016 in major cities of India like Jaipur and Ahmedabad, with a total of over 800 employees in India.

The company prioritizes technology to transform the way fund administration and investment management is done. It provides innovative technology solutions to fund managers, high-quality fund services with global reach.

–IANS

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