Tide, a United Kingdom-based financial and banking services platform, is going to hire 600 tech professionals by the end of 2026 for its office in Hyderabad, which is the tech centre of the company in India.

The neobank — which operates in partnership with RBL Bank in India  needs 300 engineers, with a particular focus on backend engineers in Java and Python, across various roles along with experts in data science and Flutter.

Founded in 2015 and launched in 2017, the fintech — valued at $650 million — will include training and hiring fresh graduates from institutes like Indian Institutes of Technology (IIT), National Institute of Technology (NIT) through an ‘Internship to hire’ programme.

The financial services company also announced its hiring plans of 1,000 people in India. “So out of 1,000, 200 have already been hired and overall, we have a team size of over 350 today in India,” Gurjodhpal Singh, chief executive officer (CEO) at Tide (India) told Business Insider in an interaction.

In an interview with Business Insider, Singh, also mentioned the aggressive growth plans in India in the next five years but did not reveal much details. He said, “ We have aggressive growth plans for the next 5-years. Considering that India has 10% of global SMEs, our aspiration is to impact 25% of the global SME base through Tide.”

Singh mentioned his plans about launching new products in the Indian market and setting up of new offices in different states of the country. “ In parallel we will also be expanding our product foothold across the country, apart from Delhi and Hyderabad with our banking partner (RBL Bank). We're a very open and agile organization and would be open about moving into some more cities as well in India if need be. But for now, this is the plan,” said Singh.