European fintechs "shocked" how much worse US engineers are
If you work in fintech, chances are you want a job in the US. Ecosystems like New York and San Francisco are home to some of the largest fintechs in the industry but, from a talent perspective, the people there might be subpar.
At the 2023 Sifted Summit, a panel featuring venture capitalists from US based VC firms discussed why they want in on Europe. For panelists Alex Ferrara, partner at Bessemer Ventures and Ritika Pai, principal at Iqoniq Growth, one of the top things Europe has is engineering talent.
“There’s such exceptional teams of talent in software and enterprise software,” said Pai. Ferrara agreed, saying “Central and Eastern Europe have strong product and engineering teams for infrastructure.”
This talent gap is shocking to European fintech founders. Ferrara said one founder of a company he invested in was expanding to the US and was “shocked at the difference in the caliber of the engineers he was hiring in the US, Europe was way better.” He does note however that sentiment does not extend to marketing and salespeople.
Click here to create a profile on eFinancialCareers and make yourself visible to recruiters hiring for top jobs in technology and finance. To stay informed, Sign up here to get Morning Coffee in your inbox or sign up to our new Fintech Newsletter
Have a confidential story, tip, or comment you’d like to share? Contact: +44 7537 182250 (SMS, Whatsapp or voicemail). Telegram: @SarahButcher. Click here to fill in our anonymous form, or email firstname.lastname@example.org. Signal also available
Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)