Siply Plans To Launch 1000 Phygital Branches, Recruit 3,000 Employees
The company targets to launch 200 branches in the next 12 months with an eventual aim to reach 1000 branches in the next three years
Siply, a micro-savings platform plans to launch Phygital branches across six metro cities in the next three months. Overall, Siply will launch a total of 1,000 branches across 115 cities in India and look to hire around 2,000-3,000 employees. Siply also plans to establish a strong agency network as its presence expands across the length and breadth of the country. Siply currently has a staff strength of 60 employees and is set to launch its first physical branch in September.
The platform aims to empower middle-income Indians by digitising and democratising financial services in a tech-friendly manner. Siply also makes savings ‘vernacular’ as its services are available in all regional languages, including Hindi, Tamil, Telegu, Kannada, Malayalam, Punjabi, Marathi, Gujarati, Bengali, and Oriya. .
“The strong interest by retail investors also increased the demand for micro-credit in the market, which worked in our favour. This, combined with our expansion plans, will likely facilitate the company’s growth story to become India’s leading micro-savings and investment platform,” said Chakrabarty.
