Today we look at 62 fintechs (picked by experts on a ‘hot fintechs right now criteria’ – see below for sources) globally, based on their size. We define their size by the number of employees working directly for the company, as represented at the bottom section of the infographic.
In the old biblical story of David and Goliath, little Dave proved that you can be small and great. But lets not bash Goliath’s head with a rock just yet, and say it’s better to be smaller rather than larger. For fintechs, the truth is, size doesn’t really matter that much. You have a variety of great fintechs like Revolut, DUCO, or Monese that have done better than companies 5 times their size. But let’s discuss the Pros and Cons of working in a large or small Fintech.
Large Company Pros:
- More possibility of specialising in area of work
- Typically more structured and stability in the working environment
- Offers formal career progression plans
Large Company Cons:
- Can be annoyingly bureaucratic
- Can create a sense of ‘just being another cog in the system’
- Harder to gain momentum and slower in implementation
Small Company Pros:
- Visibly see the impact of your work
- Flexible by nature and variety of roles from day-to-day
- More opportunities to meet with senior leadership or mentors
Small Company Cons:
- Less corporate governance
- Limited resources
- Less comprehensive benefits
- Less stability and more challenging to keep the business sustainable
Whatever your company’s size is, your impact can still be huge… as long as you are in the right place, have the right people, and a clear vision for your company.
All data was collected from the public domain, being sourced from: