Large fintechs recruit scores of staff remotely during lockdown

By John Reynolds on Tuesday 28 April 2020

Digital Banking

TransferWise and Revolut are amongst the fintechs have taken on dozens of staff since the world started mass remote working.

  Large fintechs recruit scores of staff remotely during lockdown
Image source: Kristo Käärmann/TransferWise

TransferWise, Revolut and Monzo are amongst the fintechs which have been recruiting staff remotely during the Covid-19 downturn, making scores of appointments.

While a number of fintechs have taken advantage of government aid and furloughed staff, as well as implementing executive pay cuts to ease the impact of Covid-19, many fintechs have been recruiting staff.

TransferWise, for instance, says it has taken on over 70 staff during lockdown, recruiting them remotely. The recruits at TransferWise are primary in the engineering and analyst teams.

A spokesperson for TransferWise said there was a  "definitely challenge" with hiring remotely but as a global business TranserWise had the experience of hiring remotely pre-coronavirus.

Revolut is also thought to have hired more than 100 staff since lockdown and continues to hire remotely, as does Monzo.

AltFi has previously reported that investment app Moneybox was still on a hiring push amid the coronavirus, as were Chip, Tide and Starling Bank.

Many other fintech websites show job openings.

Yesterday, AltFi reported that listed venture capital firm Draper Esprit has hired the London Stock Exchange’s former head of tech and life sciences as its new marketing director.

James Clark, who has been at the Exchange for four years, will join Draper’s platform team to focus on marketing and branding of the firm, its funds and Draper’s portfolio activity.

AltFi also reported that NatWest had poached Lloyds group director of people and productivity, Jen Tippin, as its first chief transformation officer. 

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