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Fundwise Capital

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Make Lofty Promises But Don't Deliver - Anonymous employee Fundwise Capital Employee Review

2.0
14 Feb 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flexible hours. Excluding some executives, the people that I worked with were great.

Cons

They ask employees to fill out a Glassdoor review at the very beginning when things seem great, so take other reviews with a grain of salt! In general, the decisions that management made were very short-sided. They would fire large groups of people, especially college students, because they wouldn't commit to working full time. A lot of these people had extremely high potential, but wanted to finish school. They consistently lost their most talented people. Their incentive structures and culture invited unethical behavior. Setters in particular are fired after TWO weeks if they don't reach their conversion rates. Setters receive commission based on the amount of credit reports they pull. This means that they frequently push people through the system that are not a good fit for the Fundwise program because they will receive a bigger paycheck. The business model would be great if they were more transparent with their customers. Unfortunately, they push a lot of people through their program that will NOT be able to pay back the debt. The customer ultimately has to decide whether or not to go through with it, but the sales people are instructed to leave out information that I would really want to know if I were a customer. For lack of a better word, the business model is slimy. One executive in particular would promise things (promotions, pay raises, etc.) that sounded great, but weren't true. After asking around, I found at that the same Executive had promised the same promotion to multiple people without the intention of promoting any of us. Most of the time, he would offer these promotions to incentivize college students to drop out. In addition, they decreased the pay of multiple colleagues of mine. If you are going to work at Fundwise, you should demand an offer letter.

Explore other reviews about Fundwise Capital

5.0
10 May 2021
Recommend
CEO approval
Business outlook

Pros

Pay, Opportunities, Flexibility, Work/Life Balance

Cons

Limited Growth due to a Smaller Workforce

5.0
28 Nov 2017
Recommend
CEO approval
Business outlook

Pros

Fundwise is a great environment. They have different departments that have great employees that are easy to get along with and are hard workers. I get to pick my own schedule and Fundwise is always willing to work with me. They are a reputable company and growing very fast and so the opportunity and pay is great. The executives are top of the line and have a good vision for the business to continue to grow and help the world with a lot of different financial services. I trust Fundwise.

Cons

The Con of working for Fundwise use to be that the office spaces were too small. However, we have now relocated to an office space in Provo, Utah and its been nothing short of amazing.

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