The Fintech Industry’s Resilience: Despite Slowdown, Many Companies Continue to Hire
The fintech industry has experienced a rollercoaster ride in the past year. While it saw rapid growth during the pandemic and its aftermath, 2024 was marked by a fairly rough patch. The abrupt shutdown of accounting startup Bench and its subsequent acquisition raised concerns about the sector’s stability. However, despite the slowdown in funding pace, many fintech companies continue to thrive and expand their teams.
A Call for Fintech Companies Hiring
In an effort to understand just how many fintechs are still hiring, I put out a call a few months ago asking for companies that are currently seeking talent. The response was overwhelming – within just over an hour, I received more than a dozen responses. Over the next few days, I heard from over 60 companies, demonstrating the sheer number and quality of fintechs that are still actively hiring.
Notable Fintech Companies with Open Roles
While revisiting this list, I found that many fintechs have reduced their open roles compared to a few months ago. However, there are still numerous companies with significant job openings. Here is the list of notable fintech companies with available positions:
- Addition Wealth (17 roles): A digital wealth management platform providing personalized investment advice and portfolio management.
- Adyen (202 roles): A payment technology company that helps businesses accept payments online and in-store.
- Airwallex (325 roles): A fintech company offering international money transfers, cross-border payments, and business banking services.
- Alaan (18 roles): A digital bank providing Islamic financial services, including savings accounts and credit cards.
- AngelList (9 roles): A platform connecting startups with investors, talent, and customers.
- Anna (2 roles): A fintech company offering AI-powered investment advice and portfolio management.
- Arc (6 roles): A fintech startup providing digital banking services, including mobile payments and remittances.
- Avra (3 roles): A financial services platform offering lending solutions for small businesses.
- Brex (88 roles): A fintech company providing business credit cards and accounting software.
- Caseware (25 roles): An accounting software provider serving the needs of accountants and their clients.
This list continues with:
- Chariot (3 roles): A digital payment platform offering cashless transactions for businesses.
- Cleo (31 roles): A financial wellness app providing budgeting, saving, and investing tools.
- Coast (12 roles): A fintech company offering digital banking services, including mobile payments and remittances.
- Collective (11 roles): A membership-based platform for financial professionals and institutions.
- Duolingo (216% spike in US users learning Chinese): A language-learning app experiencing a significant increase in users learning Chinese amid the TikTok ban.
The list also includes:
- Flashes (Bluesky’s photo-sharing app): A new photo-sharing app from Bluesky, aiming to provide a more private and secure experience.
- OpenAI’s AI reasoning model ‘thinks’ in Chinese sometimes: An AI-powered reasoning model developed by OpenAI that occasionally thinks in Chinese without clear reasons.
Conclusion
Despite the slowdown in funding pace and some notable setbacks, many fintech companies continue to thrive and expand their teams. This resilience is a testament to the sector’s potential for growth and innovation. As the fintech industry continues to evolve, it will be interesting to see which companies emerge as leaders and how they adapt to changing market conditions.
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