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Despite the venture slowdown, fintech startups are still hiring

 1 year ago
source link: https://finance.yahoo.com/news/despite-venture-slowdown-fintech-startups-180632123.html
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Despite the venture slowdown, fintech startups are still hiring

Mary Ann Azevedo
Mon, October 3, 2022, 3:06 AM·12 min read

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. There’s a lot of fintech news out there and it’s my job to stay on top of it — and make sense of it — so you can stay in the know. — Mary Ann

On September 28, LinkedIn released its Top Startups list, which is its self-described annual ranking of 50 emerging U.S. companies “gaining attention and recruiting top talent.” The professional networking site takes into consideration a variety of criteria based on its own data when coming up with the list: employment growth, engagement with the company and its employees, job interest and ability to attract talent from companies.

Now, we often take these sorts of lists with a grain of salt. In this case, I was admittedly (and naturally) less interested in their overall rankings and more intrigued by which fintechs made the list — and why.

Here’s what I found out: Seven fintech companies ranked in the top 50: Brex (No. 4), Ramp (No. 5), Gravy (No. 14), Esusu (No. 29), GPARENCY (No. 35), Deel (No. 43) and Masterworks (No. 47).

Drilling down, I learned that among the seven fintech startups that made the list, there are 125+ open roles. An astounding 87% of those open roles are for remote positions.

“A majority of fintech startups on this year's list deal in the realms of building and managing credit for businesses and consumers -- credit management is only becoming more important as interest rates rise and the economy slows, positioning these companies to play an even more relevant role in the lives of their users and customers,” LinkedIn business and finance editor at large Devin Banerjee told TechCrunch over email.


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