
The fintech sector is witnessing significant upheaval as the benefits provider Level has abruptly shut down, following an unsuccessful attempt to sell the company. Level, based in New York City, had raised $27 million in a Series A funding round in 2021 to assist companies in offering employee benefits. The closure has left customers scrambling for alternatives, highlighting the risks associated with startups handling sensitive business operations such as payroll and benefits. Meanwhile, despite the challenges faced by the fintech industry in 2024, several companies are actively hiring, with positions available across various sectors including technology, finance, and engineering. Notable companies such as Vrgineers, Rocket Lab, and MeetApollo are seeking to fill numerous roles as they prepare for growth in 2025.
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The fintech segment, which saw massive growth during the pandemic and immediately after, had a fairly rough 2024, ending with the abrupt shutdown — and then unexpected acquisition — of Bench. Though the rapid pace of funding has slowed, some fintechs are continuing to see growth…
