Naddpod

In this case it indeed seems finnish…ed.

Youre thinking FinnTech, easy mistake to make.

oh, it’s not robot sharks :(

Companies that used them to supply credit cards to employees?

It’s quite easy, actually. The entire world of money - e-commerce, fintech, literally any aspect that deals with finances, even a shitty accounting software - requires a SHITTON of money to get going.

You have to deal with regulatory bullshit that takes up tons of resources and efforts and money. You have to deal with partnerships to make your product viable - also a big money sink. You have to pay for marketing, licensing, accreditation, the list goes on.

Good fintech engineers - let them be backend, frontend, security, etc. - are also super expensive. I make good money in my current Android engineer job, but I know people with lesser skills and experience whom are making 2-3x as much just because they fit into the whole fintech image (good looking, suit wearing, etc.), and have sold themselves to a company that had the funds for their “skills”. So yeah, a fintech company can spend 4-8x as much on just their personnel than a regular tech company…

Then of course you have the higher leadership and C-suite who also like to pad their pockets. I did a short stint at a fintech company, and came away appalled after the CFO, during a company outing, quite drunk, told me how he’s basically pocketing about half a million GBP as his “salary” every month, not to mention the income he manages from providing “certain services” to “certain elements”… heavily implied that these elements happen to be criminal in nature. Mind you this is the same guy who tried to haggle down my annual salary during the initial interview, even though I was more skilled than the role they wanted to fill… so yeah, fintech is either 1, super lucky (see e.g. Revolut), 2, super dirty or 3, dead in the water.

Takes high salaries to entice people to work on something so dull.