‘The buzz and momentum for these companies is unlike anything I’ve seen before’
The fintech industry has been struggling recently with a widespread employee layoff, but this is not indicative of the entire industry as a whole. Fintechs have been outsourcing some of their lower-skilled jobs in recent years, and this may account for some of the layoffs seen in the sector. Overall, though, fintechs are continuing to grow and there is reason to believe that
Many large companies are benefiting from the mass layoffs. Large companies have the resources to get through these tough times, but small businesses do not have that luxury. Many entrepreneurs are seeing opportunity in this glut of available laborers and are starting their own businesses. This is good news for those looking for a new job or for those who are already employed and looking for a new opportunity. However,
Pre-seed and seed stage fintech startups are attracting the top talent in the technology industry. Founded companies that focus on financial services, such as bitcoin and blockchain technology, are seeing a surge in interest from venture capitalists and employees alike. The buzz surrounding these startups is unlike anything Rex Salisbury has seen before, fuelling the high demand for talented individuals associated with these businesses.
Lee Hower believes that despite the downturn, there remain fintechs that are thriving. He points to LinkedIn as an example, which was founded in 2003 and went public in 2011. Today, LinkedIn is one of the leading tech companies with over 400 million users.
It is no secret that the fintech industry has seen tremendous growth in recent years, thanks in part to the significant challenges faced by consumers and businesses. This growth has been particularly strong among early-stage companies, many of which have overcome difficult odds to become some of the brightest stars in the sector. One such company is PayPal, which saw its share price spike after becoming an initial public offering (IPO) back in 2002. The company’s success can be credited largely to its dedication to solving real problems for consumers, businesses, and financial institutions – a strategy that has proven highly successful even amidst challenging economic conditions. With so much innovation taking place within this space, it will be exciting to see where this trend continues and what new innovative solutions are produced
Some of the newer and more innovative fintech companies are looking for talented software engineers to help build their platforms. Companies like Moven, Acorns, and TaskRabbit are all looking for engineers who have a knowledge of blockchain technology and programming languages like Python and Ruby. These companies are looking for people with experience in developing digital applications, as well as strong problem-solving skills. If you’re interested in working in the fintech industry, be sure to look into these positions before they disappear!
- Insurance infrastructure startup Lula, which has raised $18 million in funding from the likes of NextView Ventures, Founders Fund and Khosla Ventures, is hiring 10 across engineering, product and sales.
- Another infrastructure startup, Unit, is also hiring — with nearly a dozen open roles across the U.S. and Israel. The company last year raised closed a $100 million Series C round of funding led by Insight Partners at a $1.2 billion valuation.
- Array, a New York-based bringing consumers financial, identity, and privacy protection tools, is hiring 8 engineers for its new product, Hello Privacy. The company has raised $67 million from Battery Ventures, NextView Ventures, and General Catalyst.
- Trading app Public.com is hiring 14 across engineering, supporting, operations, marketing, product and design. The company last raised in 2021 — a $220 million Series D funding round at a $1.2 billion valuation.
- Securesave, an emergency savings fintech, is hiring for at least over five roles over the next few months across sales and operations.
- Setpoint is hiring 5 roles in sales, finance, operations, and engineering. The company recently raised a fresh $43 million led by Andreesen Horowitz
- OatFi, a B2B BNPL which recently raised an $8 million seed from QED and Rex Salisbury of Cambrian, is hiring for four roles.
Fintech is being touted as the next big thing in the financial industry, and with good reason. Thanks to innovations like blockchain technology, fintech firms are able to provide innovative services that can improve the efficiency of banking and finance. This has led to a surge in interest in this field, with some estimates suggesting that it will be worth more than $2 trillion by 2030. If you’re interested in becoming involved in this rapidlygrowing sector
Reports are circulating that a new Nexus device is in development and could launch as soon as this autumn. The device is said to be built by Google, and it will likely replace the current Nexus line of devices.