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Innoviti Payment Solutions
Innoviti Payment Solutions cover picture
Innoviti Payment Solutions logo

Innoviti Payment Solutions

http://www.innoviti.com
Founded :
2008
Type :
Products & Services
Size :
100-1000
Stage :
Raised funding

About

Innoviti Payment Solutions (Innoviti) started its payments business in 2008 and quickly established itself as a pioneer in solving difficult problems in the payments space using technology.

 

Innoviti’s aim is to fuel India’s growth by helping drive a cashless economy.  We believe this will release a tremendous amount of money in the Indian market that will ease the availability of credit to fuel entrepreneurship, create jobs and improve the living standards of every Indian.  Only technology and a talented team that can put technology to use can address this tough problem.

 

Innoviti is a well-funded company backed by marquee investors such as Titan Company (JV between Tata Group and TIDCO) and Catamaran Ventures (founded by Mr. N. R. Narayana Murthy) and NIIC, Canada.  The company has been winner of several awards including Deloitte fastest growing company in APAC award three years in a row and Red Herring award twice.  We hold 4 patents with 7 more in pipeline.

 

Our business involves developing products that use technology to remove friction in a) the supply of money (credit) and b) movement of money.  These seemingly simple objectives are actually very tough problems.  Today less than 7% of entrepreneurs get access to capital to grow.  Less than 8% of purchases happen through electronic money. Solving these tough problems in sustainable ways that are scalable and profitable is a tough challenge! 

 

To address these problems we have built some remarkable products such as uniPAY and smelending.com that today process more than Rs 11,000 Cr. of transactions annually.  Leading customers such as Reliance Retail, Lifestyle, Yatra, Indigo, Inox, Tanishq, BPCL, WalMart are using these products.  The uniPAY product line drives the payments business where we process more than Rs 10,000 Cr. of transactions annually.  The smelending.com business drives the lending to small owners business where we process Rs 400 Cr. of lending annually

 

If our track record is anything to go by, we have already made a small dent in the world of payments!  We are now looking for enhancing our team with talented individuals who are ready to address more complex challenges and make a bigger dent!

Read more

Connect with the team

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Prajwal P M
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Penagalapati Sunil
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Mahima Hegde
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Anil Thankachan

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Jobs at Innoviti Payment Solutions

Innoviti Payment Solutions
at Innoviti Payment Solutions
4 recruiters
Prajwal P M
Posted by Prajwal P M
icon

The recruiter has not been active on this job recently. You may apply but please expect a delayed response.

Bengaluru (Bangalore)
3 - 8 yrs
₹4L - ₹6L / yr
Recruitment
Recruitment/Talent Acquisition
Sourcing
Negotiation

Role and responsibilities:

  • Develop recruitment goals and objectives.
  • Develop sustainable recruiting strategy based on our goals and needs.
  • Source passive candidates
  • Search resume databases for the most fit candidates
  • Communicate with Hiring Managers
  • Determine the effectiveness and success of current recruiting plans and strategies.
  • Write and proofread job descriptions.
  • Recommend new sources for active and passive candidate recruiting.
  • Build talent networks to find qualified active and passive candidates.
  • Use multi-channel approach to recruit.
  • Evaluate which sources bring best candidates.
  • Identify key recruiting KPIs.
  • Plan and implement a Recruitment Marketing and Employer Branding strategy to attract high quality applicants.
  • Review applicants to evaluate if they meet the position requirements.
  • Interview candidates following company's rules and regulations.
  • Adhere to laws, rules, and regulations.
  • Adhere to personal data privacy regulations.
  • Responsible for end-to-end recruitment activities.
  • Responsible for hiring decisions Offer Negotiation / DOJ negotiations / Notice period Negotiations with candidates.
  • Rich experience in technical/Non-technical hiring across all levels (junior, middle & senior)

 

Read more
Innoviti Payment Solutions
at Innoviti Payment Solutions
4 recruiters
Penagalapati Sunil
Posted by Penagalapati Sunil
icon

The recruiter has not been active on this job recently. You may apply but please expect a delayed response.

Bengaluru (Bangalore)
6 - 12 yrs
₹5L - ₹15L / yr
Product Management
Product Manager
Product design
Dear Candidates,

We have interesting and exciting openings for various Product Manager roles

 

About us

  1. Innoviti (http://www.innoviti.com/">innoviti.com) is India’s largest provider of payment solutions to Enterprise merchants. 
  2. Processing $10 Bn of payments from 2000 cities. We today have 76% of Enterprise market share. 
  3. Enterprises such as Reliance, Landmark Group, Shoppers Stop, Pantaloons, Hamleys, Van Heusen, Louise Phillipe, Madura Garments and several other hundreds of Enterprises are our customers.
  4. Our vision is to use technology to unlock the hidden value in payments, helping large and small businesses constantly find new and unique ways to grow faster with lesser efforts.
  5. We believe payment transactions are more than money moving pipes.  Whenever a payment happens, it is not only the merchant who makes money, but also the brand whose product was sold and the bank whose payment instrument was used.  A merchant, brand, and bank talk to the same consumer, however there is no easy way for them to talk to each other.  Our technology makes this collaboration happen, and makes it happen at the point of payment. We help them share customers and share marketing budgets, in turn targeting customers better than possible otherwise. By making it happen at the point of payment we ensure for each party that their marketing efforts are translating into sales.
  6. Today our technology has helped large businesses grow faster with lesser efforts.  They have been able to offer EMI, BNPL, Cashbacks, Loyalty Point redemption and other offers with merchants, brands and banks participating in it.  Every day new use cases are designed and stitched using our technology platform.
  7. Our next target are small merchants.  For them, the problems are far larger and more complex.  They have no means to access the marketing budgets or customers of large brands or banks.  They cannot even cross the regional offices of these businesses.  This is where we come in.  We are bringing the power of the technology created for large merchants to these businesses.  Helping bring the power of large brands and banks with whom we already partner to small merchants.
  8. Innoviti’s first target category in this segment is small merchants selling electronic goods – mobiles, durables, laptops etc.  They are struggling the most as their customers find attractive offers online through partner brands and banks, which they can’t match in their stores.  These businesses offer the advantage of touch, feel and explanation in local language.  What they lack is the technology to discover, access customers and attract them with superior offers.
  9. GENIE, our smart marketing platform helps them do that.  It is a mobile app that integrates with bank and brands on one end and Google and Facebook on the other.  It not only helps them discover and access customers searching for these products online, but also attract them to their stores with offers better than online.
  10. The app was launched in July 2021 and has shown a 100% month-on-month growth, with more than 23% of the merchant’s monthly sales now happening through it.  
  11. In the next 5 years Innoviti wants to scale up its GTV from $10Bn to $30Bn, multiplying its revenue 10X.  
  12. We want to be recognized in this space as the company that transformed the payments industry by showing ways of extracting value from payment transactions better than anyone else.  We want to be setting the path for the next generation of payment solutions, that will be followed by others.
  13. Towards this we need to hire aggressive talented individuals, who firmly believe that no problem is unsolvable.  That there is always a way to solve the toughest of problems.  Those who get excited by solving such tough problems at scale, and seeing the impact of that around them in the market.  Those who feel fulfilled when they see that it is making a difference to the lives of people around them.

 

To drive this roadmap the company is looking for talent who are ready to do what no payments platform has done before and what every payment platform will do thereafter.

 

Would you like to join this journey?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Job Description

 

Designation: Product Manager

Location: Bangalore (Work From Office)

 

Qualification: Graduation/Post Graduation from reputed institutes

 

Please find below the job description for various Product Manager openings.

  1. uniPAY Next Product Manager
    1. Should come from a retail IT background, either vendor to retail IT or working as a Sr. Manager/AVP in retail IT
    2. Experience in implementing POS solution for retail checkout
    3. Experience in implementing SAP or Microsoft Dynamics
    4. Atleast 8-10 years of experience in retail IT
    5. Strong understanding of store level IT operations, cashier challenges
    6. Should have experience in product and project management
    7. Would be responsible for solutioning support to business
    8. Would be responsible for all customer communication around new projects
    9. Would be responsible for product roadmap
    10. Would be responsible for driving usage of product, customer satisfaction and wallet share of customer.
  1. Payments Product Manager
    1. Should come from a payments background in a bank. Either a vendor to the bank providing payment systems – like FIS, Atom, Hitachi, Zeta, or working in the payments department of a bank as a product manager.
    2. Experience in implementing cards and UPI systems
    3. Strong understanding of card and UPI technology
    4. Atleast 8-10 years of experience in payments as Product Manager/Sr. Product Manager role.
    5. Would be responsible for interfacing with banks, other financial service providers for solutioning support and communication.
    6. Would be driving the payments platform roadmap
    7. Would be responsible for driving usage of platform, customer satisfaction and wallet share of customer.
  1. Installments Product Manager
    1. Should come from a lending background in a bank, NBFC.
    2. Either a vendor to these entities like from Nucleus, Lentra, Jocata, or working in a bank/NBFC in the product management department.
    3. Experience in implementing various lending products for various segments
    4. Strong understanding of fundamentals of how lending works
    5. Atleast 8-10 years of experience in lending as Product Manager/Sr. Product Manager role.
    6. Would be responsible for interfacing with banks/NBFCs, other financial service providers for solutioning support and communication.
    7. Would be driving the installments platform roadmap
    8. Would be responsible for driving usage of platform, customer satisfaction and wallet share of customer.
  1. Brand Product Manager
    1. Should come from a strong catalogue management background in retail IT automation companies – typically MNCs here.
    2. Experience in designing systems for organizing retail brand catalogues for various end uses such as inventory, pricing, taxes.
    3. Experience in having worked with large retailers, both online and offline in providing and integrating such systems with them.
    4. Strong fundamentals in data and database management.
    5. Atleast 8-10 years of experience in this role as Product Manager/Sr. Product Manager.
    6. Would be responsible for interfacing with retailers, OEMs for solutioning support and communication.
    7. Would be driving the brands platform roadmap
    8. Would be responsible for driving usage of platform, customer satisfaction and wallet share of customer
  1. GENIE App Product Manager
    1. Should come from a strong mobile app product management background
    2. Apps that deal with live transaction level management
    3. Should have a strong start-up mindset of rapid changes
    4. Strong in UI/UX, strong understanding of consumer interactions with mobile interfaces
    5. Experience of having designed apps from scratch, taken it to scale of atleast 1 million active users
    6. Experience in designing interfaces, notification management, usage tracking systems
    7. Atleast 5-6 years of experience in this role as Product Manager/Sr. Product Manager.
    8. Would be responsible for interfacing with product marketing, small and medium merchants, their cashiers.
    9. Would be driving the GENIE App roadmap
    10. Would be responsible for driving usage of platform, customer satisfaction and wallet share of customer
  1. Sales Platform Product Manager
    1. Should come from a strong background of designing workflows and use-cases in SalesForce for field force management
    2. Experience in integrating SalesForce with other systems for data and decisions
    3. Experience in having worked with organizations with large field force for such system creation.
    4. Strong fundamentals in data and database management.
    5. Atleast 8-10 years of experience in this role as Product Manager
    6. Would be responsible for interfacing with internal business and operations team for solutioning the systems and then driving roadmap.
    7. Would be driving the sales platform roadmap
    8. Would be responsible for driving usage of platform, customer satisfaction and wallet share of customer


Personality:

  • The ideal person for this role would be someone who loves the challenge of an entrepreneurial environment, who has high ownership to be available 24x7 for our customers, who is able to deal with complexity and rapid change and who has large dreams to be part of interesting journey.
  • The person would be self-driven, results-oriented with a positive outlook and impeccable integrity. He/she would have a track record of delivering results consistently in uncertain environments. Excellent communication skills with an ability to manage crucial conversations with senior stakeholders.
  • Retail industry demands “I’ll do it now instead of tomorrow” attitude. Please be prepared for interesting journey if you want to grow fast with no age barriers.

 

Read more
Innoviti Payment Solutions
at Innoviti Payment Solutions
4 recruiters
Penagalapati Sunil
Posted by Penagalapati Sunil
icon

The recruiter has not been active on this job recently. You may apply but please expect a delayed response.

Bengaluru (Bangalore)
4 - 8 yrs
₹4L - ₹10L / yr
DBA
Database Administrator
Database Administration
Oracle
MySQL
+1 more

About us

  1. Innoviti (http://www.innoviti.com/">innoviti.com) is India’s largest provider of payment solutions to Enterprise merchants. 
  2. Processing $10 Bn of payments from 2000 cities. We today have 76% of Enterprise market share. 
  3. Enterprises such as Reliance, Landmark Group, Shoppers Stop, Pantaloons, Hamleys, Van Heusen, Louise Phillipe, Madura Garments and several other hundreds of Enterprises are our customers.
  4. Our vision is to use technology to unlock the hidden value in payments, helping large and small businesses constantly find new and unique ways to grow faster with lesser efforts.
  5. We believe payment transactions are more than money moving pipes.  Whenever a payment happens, it is not only the merchant who makes money, but also the brand whose product was sold and the bank whose payment instrument was used.  A merchant, brand, and bank talk to the same consumer, however there is no easy way for them to talk to each other.  Our technology makes this collaboration happen, and makes it happen at the point of payment. We help them share customers and share marketing budgets, in turn targeting customers better than possible otherwise. By making it happen at the point of payment we ensure for each party that their marketing efforts are translating into sales.
  6. Today our technology has helped large businesses grow faster with lesser efforts.  They have been able to offer EMI, BNPL, Cashbacks, Loyalty Point redemption and other offers with merchants, brands and banks participating in it.  Every day new use cases are designed and stitched using our technology platform.
  7. Our next target are small merchants.  For them, the problems are far larger and more complex.  They have no means to access the marketing budgets or customers of large brands or banks.  They cannot even cross the regional offices of these businesses.  This is where we come in.  We are bringing the power of the technology created for large merchants to these businesses.  Helping bring the power of large brands and banks with whom we already partner to small merchants.
  8. Innoviti’s first target category in this segment is small merchants selling electronic goods – mobiles, durables, laptops etc.  They are struggling the most as their customers find attractive offers online through partner brands and banks, which they can’t match in their stores.  These businesses offer the advantage of touch, feel and explanation in local language.  What they lack is the technology to discover, access customers and attract them with superior offers.
  9. GENIE, our smart marketing platform helps them do that.  It is a mobile app that integrates with bank and brands on one end and Google and Facebook on the other.  It not only helps them discover and access customers searching for these products online, but also attract them to their stores with offers better than online.
  10. The app was launched in July 2021 and has shown a 100% month-on-month growth, with more than 23% of the merchant’s monthly sales now happening through it.  
  11. In the next 5 years Innoviti wants to scale up its GTV from $10Bn to $30Bn, multiplying its revenue 10X.  
  12. We want to be recognized in this space as the company that transformed the payments industry by showing ways of extracting value from payment transactions better than anyone else.  We want to be setting the path for the next generation of payment solutions, that will be followed by others.
  13. Towards this we need to hire aggressive talented individuals, who firmly believe that no problem is unsolvable.  That there is always a way to solve the toughest of problems.  Those who get excited by solving such tough problems at scale, and seeing the impact of that around them in the market.  Those who feel fulfilled when they see that it is making a difference to the lives of people around them.

 

To drive this roadmap the company is looking for talent who are ready to do what no payments platform has done before and what every payment platform will do thereafter.

 

Would you like to join this journey?

 

 

 

 

 

 

 

Job description:

 

Designation:  Database Administrator

 

Location:  Bangalore

 

Responsibilities

  • Provision MySQL instances, both in clustered and non-clustered configurations
  • Ensure performance, security, and availability of databases
  • Prepare documentations and specifications
  • Handle common database procedures, such as upgrade, backup, recovery, migration, etc.
  • Profile server resource usage, optimize and tweak as necessary
  • Collaborate with other team members and stakeholders

Skills and Qualification:

  • Graduate degree in Computer Science, Computer Engineering, or related technical discipline from Tier-1 Institutes
  • 4-6 years of proven experience in Database Administration
  • Decent experience with recent versions of MySQL
  • Understanding of MySQL’s underlying storage engines, such as InnoDB and MyISAM
  • Experience with replication configuration in MySQL
  • Knowledge of de-facto standards and best practices in MySQL
  • Proficient in writing and optimizing SQL statements
  • Knowledge of MySQL features, such as its event scheduler
  • Ability to plan resource requirements from high level specifications
  • Familiarity with other SQL/NoSQL databases such as PostgreSQL, MongoDB, etc. 
  • Knowledge of limitations in MySQL and their workarounds in contrast to other popular relational databases

Personality:

The ideal person for this role would be someone who loves the challenge of an entrepreneurial environment, who has high ownership to be available 24x7 for our customers, who is able to deal with complexity and rapid change and who has large dreams to be part of interesting journey.

 

The person would be self-driven, results-oriented with a positive outlook and impeccable integrity. He/she would have a track record of delivering results consistently in uncertain environments. Excellent communication skills with an ability to manage crucial conversations with senior stakeholders.

 

Retail industry demands “I’ll do it now instead of tomorrow” attitude. Please be prepared for interesting journey if you want to grow fast with no age barriers.

 

Read more
Innoviti Payment Solutions
at Innoviti Payment Solutions
4 recruiters
Penagalapati Sunil
Posted by Penagalapati Sunil
icon

The recruiter has not been active on this job recently. You may apply but please expect a delayed response.

Bengaluru (Bangalore)
4 - 6 yrs
₹6L - ₹10L / yr
User Interface (UI) Design
User Experience (UX) Design

Job description:

 

Designation:  UI/UX Designer

 

Location :  Bangalore

 

Responsibilities:

 

  • Responsible for designing applications, user interfaces (UI), websites, mobile app & Dashboard design using Adobe Designing Tools
  • Provide user interface design for Web-based projects, including dashboards, widgets, and products.
  • Update UI per changing needs and requirements.
  • Designing user interface for desktop and Web-based products.
  • Create interactive prototypes and UI specifications, including screen layouts, color palettes, typography, and user-interface elements.
  • Identify user needs and business requirements such as specifications, templates, storyboards, wireframes, and mock-ups.

 

Skills and Qualification:

 

  • Graduate degree in Computer Science, Computer Engineering, or related technical discipline from Tier-1 Institutes
  • 4+ years of proven experience in designing UI/UX for mobile/web applications.
  • Working on applications that are transactional and not informational
  • Working with tools such as Figma
  • Should have experience of working in start-up environment
  • Experience of B2C product design in the financial services domain.
  • Good expertise in UX design tools.
  • Experience in UI/UX testing.

 

Personality:

The ideal person for this role would be someone who loves the challenge of an entrepreneurial environment, who has high ownership to be available 24x7 for our customers, who is able to deal with complexity and rapid change and who has large dreams to be part of interesting journey.


The person would be self-driven, results-oriented with a positive outlook and impeccable integrity. He/she would have a track record of delivering results consistently in uncertain environments. Excellent communication skills with an ability to manage crucial conversations with senior stakeholders.

 

Retail industry demands “I’ll do it now instead of tomorrow” attitude. Please be prepared for interesting journey if you want to grow fast with no age barriers.

Read more
Innoviti Payment Solutions
at Innoviti Payment Solutions
4 recruiters
Anil Thankachan
Posted by Anil Thankachan
icon

The recruiter has not been active on this job recently. You may apply but please expect a delayed response.

Bengaluru (Bangalore)
1 - 5 yrs
₹5L - ₹15L / yr
EMV
Point of Sale (PoS)
Verifone terminals
Ingenico terminals
skill iconC++
+1 more
Innoviti Payment Solutions (Innoviti) started its payments business in 2008 and quickly established itself as a pioneer in solving difficult problems in the payments space using technology. Innoviti’s aim is to fuel India’s growth by helping drive a cashless economy. We believe this will release a tremendous amount of money in the Indian market that will ease the availability of credit to fuel entrepreneurship, create jobs and improve the living standards of every Indian. Only technology and a talented team that can put technology to use can address this tough problem. Innoviti is a well-funded company backed by marquee investors such as Titan Company (JV between Tata Group and TIDCO) and Catamaran Ventures (founded by Mr. N. R. Narayana Murthy) and NIIC, Canada. The company has been winner of several awards including Deloitte fastest growing company in APAC award three years in a row and Red Herring award twice. We hold 4 patents with 7 more in pipeline. Our business involves developing products that use technology to remove friction in a) the supply of money (credit) and b) movement of money. These seemingly simple objectives are actually very tough problems. Today less than 7% of entrepreneurs get access to capital to grow. Less than 8% of purchases happen through electronic money. Solving these tough problems in sustainable ways that are scalable and profitable is a tough challenge! To address these problems we have built some remarkable products such as uniPAY and smelending.com that today process more than Rs 10,000 Cr. of transactions annually. Leading customers such as Reliance Retail, Lifestyle, Yatra, Indigo, Inox, Tanishq, BPCL, WalMart are using these products. What makes us feel really proud is how cleverly we have used technology to make short-term credit available to more than 24,000 small businesses. Without technology, the challenges in supplying credit to this segment was not profitable for lenders and these businesses were unable to grow. If our track record is anything to go by, we have already made a small dent in the world of payments! We are now looking for enhancing our team with talented individuals who are ready to address more complex challenges and make a bigger dent! Would you like to join this journey? Frontend Developers Location: Bangalore Responsibilities: The suitable candidate will use C, C++ programming in the smart card technology space to understand the customer requirements and ensure that the project is delivered to merchant or production movement in a timely fashion. Duties: • Person should have 3+ years of experience and excellent capability to understand the customer requirement and drive till project delivered to merchant or production movement. • Should be able to have detailed interaction with banks and other customers and gather technical requirements Skills & qualifications: • Strong in C, C++ programming • Good knowledge in smart card technology including contact and contactless cards and other associated ISO standards. • Experience working on POS (Point Of Sale) such as Verifone and Ingenico Terminals • Experience working on EMV is MUST. Good knowledge in EMV specification and transaction flow. • Key management and cryptographic standards (TDES/DUKPT). • Good in design and documentation. • Banking/payment domain knowledge is MUST. • Payment schemes (VISA, MasterCard, AMEX, Rupay, Diners) standards and certification process knowledge. • Good communication skills • Application development in different POS platform would be value added. • Good knowledge in Emphasis on multithreading, socket programming would be an advantage. • Hands on in Core Java, sqlite • Worked in Microsoft COM technologies
Read more
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2017
Type
Services
Size
0-20
Stage
Bootstrapped

About the company

Jobs

1

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