Only if you have nowhere else to get a paycheck - Manager Transfast Employee Review

1.0
Mar 25, 2018
Recommend
CEO approval
Business outlook

Pros

They will probably give you a job

Cons

Beware: Company is having financial problems. Forecasts and budgets are "adjusted" and money is shuffled in odd ways in order to please private equity investors and the banks the company works with. Transfast positions itself as a fintech company, in particular its corporate and online businesses, but is really just a cheap, old school, mom & pop remittance shop. Don't let the Wall Street address fool you, cockroaches are often seen in the kitchen and in the dilapidated general office area, which reflects the state of the business overall. Every employee at Transfast in the US is looking for another job. No one competent remains at Transfast by choice beyond about six months (except the ~10 employees with equity from years ago or those with no education and thus no options). Yelling bosses and crying employees are common for all to see. Transfast commits to but never pays bonuses as sales and financial targets are unrealistic and thus never met (or other excuses are made). Equity grants are never given despite written commitments. Raises, even inflation adjustments, have not been given for at least two years. CEO cannot focus, has no vision, has no management skill and tolerates employee fraud and illegal activity. He has not grown this business, but rather this business has grown in spite of him due to globalization. This gets worse as the company grows and he cannot adjust his micromanaging style. He has no eye for talent and promotes those who agree with him most vociferously, rather than those who are competent. It's a wonder his PE investors haven't replaced him. I highly advise against getting mixed up in the mess that is Transfast.

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Transfast Response
7y
Although we appreciate your feedback, your inaccurate and slanderous comments intended to defame the company are grossly false and certainly don’t reflect reality. Facts about our growth including the size of our team reflect a culture of teamwork where competence and accomplishments are rewarded and your negative view certainly do not represent that of our 800+ employees, many of whom have been with the company for many years. Clearly you did not enjoy your time working at Transfast, but the extreme negativity of your review indicates it was a good thing for us that you left.

Explore other reviews about Transfast

5.0
Oct 1, 2020
Recommend
CEO approval
Business outlook

Pros

Great corporate culture and attitude

Cons

Slow internal procedures in regards to contracts

4.0
Dec 17, 2023
Recommend
CEO approval
Business outlook

Pros

Flexible work and great support from management

Cons

No much to day. I was happy at the company.

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