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Despite current environment, fintech startups continue to hire and raise funds

Even as companies lay off workers, financial services firms continue to hire. Data from HackerRank shows that interviews at financial services firms are up 39% since Jan. 1. The increase is because companies are getting comfortable with remote hiring, opening up the talent pool makes it grow larger by 10x.

“There is massive acceleration to become a tech-first company,” said Vivek Ravisankar, co-founder and CEO of developer hiring firm HackerRank. “Heinz announced it will be selling direct-to-consumer. It is now easy to order via apps like Shopify. You are able to transfer money from one bank to another. We are seeing tech, fintech and retail, in terms of developers, starting to grow more because everyone wants to have an e-commerce presence. It is both frightening and exciting.”

Tags

fintech, hiring, remote