Fin-Tech Startup GalaxyCard Aims To Double Its Headcount
Incepted in 2018, GalaxyCard focuses on making credit cards easily available to customers with an income of less than 30k a month. The company has acquired a huge customer base from more than 600 towns across the country. The digital credit card can instantly be made available within 3 minutes and benefits the customers with no annual, joining, or interest charges. To revamp the organization’s structure,and to focus on adapting the latest technology to gain a competitive edge, the company is all set to hire over 20 people across verticals, including technology, marketing, credit risk and collection, finance, and data science. The company has a current headcount of 18 employees.
Commenting on the same, Amit Kumar, Founder of GalaxyCard said, “We aim to be the largest provider of digital cards in India catering to the blue-collar workers. Making sure, we hire the right people because we are building something unique and that will require top players from all verticals as we introduce our services to our audiences to cater to diverse domains"
GalaxyCard helps in providing instant digital credit cards for low-income individuals.GalaxyCard focuses on making credit cards easily accessible to customers with monthly income of less than Rs 30,000, who are typically rejected by banks. The different cards cater to different categories of customers as per their financial needs and requisites.The startup has also launched a new feature that offers more time for due payment, thereby allowing a longer payback time to the user.
GalaxyCard has already reached a huge milestone, the startup is leveraging UPI’s wide reach but plans to eventually launch its own network of vendors. It has issued over one lakh digital credit cards (out of about five lakh sign-ups on the platform) to date, clocking an annual revenue of over Rs 1 crore in FY21. By end of September 2021,the disbursal touched Rs 3 crore per month. Also, it is expected to grow by about 80 percent month-on-month
