Think twice before signing up with Moneyfarm - Backend Developer Moneyfarm Employee Review

There are some good teams and you are exposed to lots of different stuff. Flexible time is great and people are generally nice.

Senior management is poor and most of them are waiting to cash out on their options. The CEO doesn’t really listen and most senior people don’t challenge him. Salaries and bonuses are extremely low and calibrated on the Italian market.

Moneyfarm has a few positives that make it an interesting place to work. The work environment is flexible, with options for working from home and a relaxed approach to hours. There’s also a sense of learning and exposure to the finance industry, which can be beneficial for those wanting to build relevant experience. Some employees are genuinely passionate, and there are pockets of great talent within the team, particularly in investment. Additionally, the company provides some perks, like fresh fruit, coffee, and a generally low-stress atmosphere outside of certain deadlines.

Despite these positives, the company is hampered by longstanding management issues and a heavy Italian cultural bias that can leave non-Italian staff feeling isolated. Leadership, particularly the CEO, tends to micromanage, which impacts decision-making and limits team autonomy. Communication between teams is poor, resulting in confusion and siloed working environments. Career growth is difficult to achieve, with promotions often feeling arbitrary or tied to loyalty rather than skill. Additionally, there’s a lack of transparency in internal processes and hiring practices, which contributes to high turnover and low morale. Technical debt and a lack of innovation in tech stack management further hinder productivity and collaboration across teams.