When a startup experiences rapid growth, what is the biggest challenge to IT in keeping up with the speed of business?
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Director & Head of Engineering in Software3 years ago
As the startup grows the IT team has to bring some process so that it can be manageable. But the old folks may not like this. So handling this transition is the big challenege.
Spice Money is a rural FinTech, so we are branded as a financial services institution rather than a tech organization. But we have been able to attract a lot of tech talent because we need people to deliver technology. Tech may not be the leader in the world of FinTech, but it has to take the lead in this case. If we want to double or triple our customer base, we have to make a platform that can sustain five to six times the consumer base. That’s because you receive a lot of concurrent traffic when the government announces subsidies, which becomes a challenge. But we are adopting new technologies and interacting with many partners to figure out how this problem can be solved.