Sunday, June 23, 2024

UBX to double workforce in 2022

UBX to double workforce in 2022

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New hires to drive further growth, inclusive finance vision of UBX

UBX, the leading open finance platform in the Philippines, plans to more than double its workforce this year to strengthen its goal of developing more digital financial solutions and better serve consumers and businesses.

After gaining traction in 2021, UBX plans to continue innovating to introduce more solutions in various financial segments, including, but not limited to payments, banking services, savings and insurance, identity verification and credit scoring, as well as cryptocurrencies, among many others.

To do this, UBX is looking to boost its workforce for business development and tech with plans to add more than 200 employees within 2022.

“Despite the pandemic, we were able to grow our workforce to a little over 200 in 2021, allowing us to grow rapidly and promote our goal of making finance inclusive for everyone. We are ramping up our hiring initiatives to reach our target headcount of 500   this year, as we implement our growth strategies and expand our spectrum of financial services throughout 2022,” UBX Chief Human Resources Officer Gladys Ocampo said.

UBX, a three-year old startup backed by UnionBank of the Philippines of conglomerate Aboitiz Group, recorded impressive growth in 2021, serving over 200,000 business to business customers, partnering with more than 2,000 independent banking agents and 250 financial institutions, and recording an annual gross transaction value of P20 billion.

This upward trajectory allowed UBX to quintuple its revenues last year, a growth momentum that is expected to ripple through 2022.

As part of its core value of being inclusive, UBX hires talent that fit the skills needed for the job, regardless of one’s gender identity, educational background, training, or experience.

UBX hires fresh graduates, especially in the field of technology, and provides them with free training through its bootcamp on programming languages such as Appian and Outsystems.

“We provide our talent with resources and tools to develop their skills and knowledge in their field. At UBX, we are not afraid of investing in our people, who, in turn, invest in us as well with their talent,” Ocampo said.

UBX plans to mount open house roadshows in key areas outside the National Capital Region (NCR) to encourage talent from the provinces to join the leading fintech innovator. It plans to scout for tech talents in Iloilo, Cebu, Davao, and Cagayan de Oro.

“We operate an open, agile, innovative, experimental, and highly collaborative environment. We are looking for people who share our mission of embedding financial services into the activities and experiences, as well as giving access to the unserved and the underserved market” Ocampo said.