Why Join a Fintech Company?
July 12, 2021
The financial technology industry has been growing at a rapid pace, and its market value is expected to reach $305 billion by 2025. Fintech changes the way that financial services are provided to consumers and businesses.
These companies do this by providing streamlined, more affordable options for customers. While fintech is still relatively new, it’s becoming increasingly influential across a wide variety of industries, like insurance, banking, investing, and lending. Forward Financing, a Boston-based fintech company, for example, uses technology to provide working capital to small businesses within a few hours of submitting their applications.
This fast-paced growth means that there is a lot of opportunity for individuals who are looking to begin a new career path. So, if you’ve been considering joining a fintech company, let’s look at five reasons why it’s a great idea.
1. More job opportunities
The fintech industry is growing rapidly, which means there are a lot of opportunities available. Regardless of your experience, it’s likely that you’ll find something that fits your skill set. Many of these companies also offer competitive salaries and benefits packages in order to attract top talent.
At Forward Financing, we’re hiring for team members across many departments including technology, sales, finance, and more. Inc Magazine, the Boston Business Journal, and Deloitte Fast 500 have all recognized us as one of the fastest-growing fintech companies in Boston for the past five years.
By gaining experience in the fintech industry, you’ll strengthen your resume and set yourself apart from your peers. This experience could make it easier for you to impress recruiters and land a job in the future.
Fintech companies are changing consumer behavior. These innovative companies disrupt the traditional way that people pay for their coffee, apply for a mortgage, or manage their finances.
For example, a bank loan typically takes months to complete and requires lots of application documents. Forward Financing caters to underserved small businesses that do not have the time to wait or the creditworthiness for a bank loan.
Not only does Forward help some companies to increase marketing or expand their operations, it also helps many more keep the lights on and make payroll. Our goal is to help businesses meet their working capital needs with ease, and to spend more time helping their customers.
Working at a fintech company means that you’re helping to create real change.
3. Improve your skills and experience
By joining a fintech company, you’ll be working in a fast-paced environment and utilizing cutting-edge technology. You’ll learn about AI, machine learning, and other technologies that are transforming the financial sector. Not only will you learn new skills, you’ll have more opportunities to advance in your career and take on leadership roles.
4. Innovative environment
When you join a fintech company, you’ll join a group of like-minded, forward-thinking individuals. Fintech companies are committed to changing the status quo and providing a better experience for the customer. This innovative attitude is what makes fintech companies so appealing for many job seekers.
5. Be at the forefront of something new
Built In, a talent branding platform, reported that fintech is the 3rd most popular industry in the U.S. that tech professionals want to work for, behind healthtech and fashion. Massachusetts, in particular, is known for its exploding fintech scene.
FinTech Sandbox and Mass Fintech Hub work to make the state the premier location for fintech companies. The Boston Business Journal reports on the largest fintech companies in the state every year, with Forward Financing being named #7 in 2020.
Working in a growing industry like fintech opens the door for unique career opportunities and the chance to be a part of something new.
The bottom line
If you’re in the midst of a career transition and trying to decide on your next steps, you might consider joining a fintech company. This industry is growing rapidly, so there’s a lot of opportunity for career advancement.
The skills you’ll learn and the people you’ll meet will help you grow both personally and professionally. Plus, when you join a fintech company like Forward Financing, you get to be part of something that’s creating real change.
Don’t find what you’re looking for just yet? Join our Talent Network to stay updated on what’s happening at Forward Financing and the upcoming open positions.