Best Places to Work in Fintech 2024

Fintechs are slowly recovering from 2023 when a number of firms announced layoffs.

Despite the challenges, some fintech companies are still managing to provide employees with a welcoming work environment, a full benefits package and frequent and transparent communication. 

This year, 40 companies made American Banker’s annual list of the Best Places to Work in Fintech. The honorees range in size from small firms — three winners have fewer than two dozen employees — to companies with hundreds of staff members. 

The ranking was compiled in cooperation with the Best Companies Group and involves a two-step selection process. For the first part, applicants completed a thorough survey covering their policies and the benefits they provide to workers. For instance, almost all of the winners provided employees with a 401(k), 403(b) or 457 retirement plan, compared with just 88% of the fintechs that didn’t make the list. More than two-thirds of the fintechs on this year’s list provided workers with paid time off to volunteer. Only 44% of the firms that applied and didn’t make the cut offered this as a perk.

For the second part, employees completed an engagement and satisfaction survey that included dozens of prompts on topics such as leadership, work environment and their relationship with their supervisor. In these responses, the winners generally outshined the applicants who didn’t make the ranking. For instance, 93% of workers at the fintechs that made this year’s list said that they have confidence in the organization’s leadership, compared with 82% for those at companies that didn’t make the cut. Only 82% of the employees at the fintechs that did not qualify for the ranking said that corporate communications were frequent enough, compared with 93% of workers from the winners. 

Please read on for highlights from this year’s honorees.