Deep Dive with Propella : Industry Insights

Fintech Hiring Trends To Look For in 2023

Fintech Hiring Trends To Look For in 2023

Fintech Hiring Trends To Look For in 2023

It’s common knowledge that the world runs on this one quite important aspect called Money. And thanks to the overwhelming and rapid growth of the Fintech industry over the last few years, there has been a humongous flow of money around the world in a quicker and safer way than ever before. However, the converse is also true. What does money run on? It’s the people – the dedicated employees of these fast-growing Fintech companies are making the money move. On top of facilitating a lot of convenience, they also optimize their levels of security time and again, giving the customer a hassle-free and a safe experience every time they transact.

Of course, the industry’s growth is at an all-time high right now and to hire the best people to do the job, it is imperative that you have a good knowledge of the sectors of Fintech that are expanding and the most competitive roles within them. Here in this blog, let us break down what you can expect from Fintech this year and what roles will be the most dominant in the industry.

Breaking Down the Fintech Industry

While people still do prefer the brick and mortar model of banks, there has been a steep upward curve with people rapidly adopting online banking tools for their financial needs, especially post the pandemic. The reason is pretty straightforward, because it is safer and infinitely easier than either cashing a check or transferring funds in person.

  • The Rapid Global Expansion of Fintech

    Fintech is home to almost 41 Unicorns, out of which 25 are based out of North America, followed by 8 across Asia and 6 in Europe. However, these figures don’t exactly depict the ground reality of the global Fintech user-base. In fact, even though China has fewer Fintech Unicorns, according to the Global FinTech Hub Report, they have the highest percentage of Fintech users, followed closely by India.

  • The Fintech Funding Scenario

    Even though there have been fluctuations quarter over quarter in the Fintech funding game, the industry is growing at a steady pace. On top of that, according to a study by CBInsights, Global Fintech deals and dollars recorded an all-time high in 2021. In fact, the funding more than doubled year-over-year as private market deal activity soared across sectors and demographics.

  • The Fintech Job Market

    No surprises here as the Fintech funding keeps growing by the day, the job market is also expanding. The job market has exploded from fewer than 100,000 jobs in 2015 to almost 600,000 in the current year which is an exponential growth. Given the steady rise in the funding, we can expect this trend to continue in the coming years as the Fintech industry expands its clutches furthermore, tanking the traditional banking institutions and services.

Fintech Roles In-Demand

In order to streamline your Fintech recruitment process, you must have a strong understanding of what’s trending and who’s hiring for what. Now that you have a general overview of the industry, let’s dive right into the most in-demand roles in the Fintech industry. According to a research conducted by Builtin, the most in-demand Fintech roles fall under these 3 categories

  • Software Engineering
  • Operations
  • Data + Analytics

Software Engineering

Owing to the robust technology that the industry demands, Fintech companies try to acquire the best of the lot when it comes to building their online platforms and services. Almost 37% of open roles in the Fintech industry are for Software Engineering. However, in an ocean of software engineers today, people come with unique skill sets and knowledge of coding. Upon further probing, it was found that people with knowledge of these coding languages are the most sought after for Fintech roles:

  • Javascript
  • Python
  • Linux
  • Ruby
  • Java


This comes as no surprise because while software engineers form the base of the organization, the Operations segment is pinnacle to drive the company forward. Roughly, 13% of all the job openings pertaining to Fintech are allocated to Operations, because it does take a lot of coordination and collaborative efforts to make sure that the software engineers are building the products on time and on budget and also to make sure that the customers are satisfied.

Here are the top three roles within the operations department:

  • Customer Success
  • Information Technology
  • Customer Support

Data + Analytics

In an industry that thrives on data and numbers, it is quite essential that the barrage of incoming data is translated into insights. Hence, Fintech companies are also hiring Data Analytic experts left, right and center to help them make sense of the humongous data that they get day in and day out. These positions make up close to 11% of the open Fintech roles.


With a staggering inflow of funds and a plethora of talent out there, Fintech is a lucrative industry to be in, irrespective of the demography. The world is rapidly transforming into a digital-first approach and there has never been a better time to capitalize on this growth trajectory.

Do you own a revolutionary Fintech company, but are struggling to fill your business-critical Senior Positions? Let’s talk!