Atlanta-based DataSeers is set to open a new office in Mumbai, adding 80 new employees this year and cutting commute times for some existing workers as it continues to fight for Indian tech talent.
Based in Alpharetta, the fintech firm’s main platform uses artificial intelligence to mine transactions for patterns, helping banks and prepaid mobile wallets like Venmo and Cash App predict fraud.
[Read more: Alpharetta to Asia: Atlanta Fintech Firm DataSeers to Accelerate Growth With India Office]
India has been key to the company’s growth, not only in delivering software solutions that power market expansion in the U.S., but as a market in its own right and a springboard into the broader Asia region.
Mumbai was a natural location, not just because it’s where CEO Adwait Joshi and his family hail from, but also because most of the largest Indian banks operate there, he told Global Atlanta. That proximity is also a core reason he didn’t go to another tech hub like Bangalore or Hyderabad, he said.
“We sell to banks, and all the banks are in Mumbai — why would you go to some different city?” he said.
Global Atlanta reported on DataSeers’s decision to go global in 2019, when it had just eight employees at a 2,000-square-foot Alpharetta office. Now it has 65 people in the United States, with plans to add 100 worldwide over the next year (including the 80 in India).
Five years ago, the company opened an office in the Navi Mumbai (New Bombay) area east across the water from the peninsula where Mumbai proper lies.
The company has since outgrown the space, but instead of opening one larger office and consolidating, the company realized it could split into two campuses and better serve its workforce, said Mr. Joshi.
A good proportion of the team, he said, was fighting traffic to cross into another municipality, so he decided to meet them where they live.
“That’s so much better than just…
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