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How to Hire Developers for a Fintech Startup in 2023

Fintech (finance + technology) is a burgeoning industry that has already greatly reshaped the way financial services operate in this day and age.


Fintech (finance + technology) is a burgeoning industry that has already greatly reshaped the way financial services operate in this day and age. By hiring fintech developers for your fintech startup that are vetted for relevant skills, you can not only rival traditional financial institutions; but surpass many of them as well. Fintech is even paving the way for startups to save on costs too!

Given the way fintech so strongly relies on having apt technological knowledge, it is necessary that fintech startups look to hire developers. They are essential to the concept of fintech itself, and having an excellent foundation for your businesses’ technological services is key to helping startups take off and create a place for themselves in the industry as a whole.

Here’s a list of 7 fintech startups that have made their mark in the sector! Get inspired and build your own fintech business now!

What to consider before hiring fintech engineers

In order to hire the right developers for your fintech startup, it is imperative to first know what you are looking for in potential candidates, so that you begin the process on the right track and can look for talent that suits your specific needs right away. And, if you are not yet completely sure as to what these exact needs are, the following can help you paint a clearer picture of how to bring a developer on board your tech team, and for which purposes.

Fintech uses and applications

There are many products which a fintech startup can offer, all of which would require a software engineer to help execute to the best of a business’s abilities. The following are a few areas where hiring fintech talent can help with a company’s success within the industry.

Banking portals

Banking is another area of fintech where having the right software developers can help you create and handle trustworthy banking solutions for your customers. This includes creating and updating banking apps and websites so that they can access their bank accounts remotely, as well as implementing security systems to keep personal data safe and out of the hands of malicious third parties.

Digital payments

Digital transactions have quickly become the norm, and providing digital wallets or payment apps is something that a skilled developer can easily help your startup with setting up. Considering that most businesses across all sectors provide such services, it is imperative that a fintech business also do so, as it may seem simple but these transactions are one of the cruxes of fintech as a whole, and are what draw the average consumer in as well simply because of how easy it is for them to get used to as well.

Blockchain and Cryptocurrency

Blockchain and cryptocurency are not synonymous. Blockchain is the underlying technology behind cryptocurrency but there exists a huge scope for blockchain applications in other sectors as well.

When hiring developers for your blockchain/fintech startup, you need to look for several blockchcain development skills. This especially includes skills in relevant tech stacks used in blockchain development.

Refer to our guide for hiring blockchain developers if you are looking to build a tech team for your blockchain-based startup.

Perhaps, the most popular niche of fintech during the pandemic years, cryptocurrency is now a choice of many entrepreneurs to start their journey in the fintech world.

If you are thinking of stepping into the blockchain or cryptocurrency space as an entrepreneur, start by hiring developers for your startup from!


Fintech and insurance, known as insurtech, is one of the most essential products that the fintech industry has to offer. There are many insurtech startups, and all of them are run with help from engineers; more specifically, those with expertise in AI.

Developers can help automate and streamline the work process through end-to-end solutions, collect and analyze data through reporting tools in order to provide a better, more tailored customer experience, and much more.

Which tech skills should a fintech software developer have?

Technology accounts for half of the base of fintech and is an unignorable driving force behind it. Due to this, there are some demanding skills that a developer must have in order to help carry out the task of helping fintech businesses make their products available.

Some of the skills necessary when it comes to specializing within the fintech industry are:

Languages and libraries

Part of the hiring process for a fintech startup is determining which coding languages and libraries that potential developers should have experience with. As demand for different languages is also different, identifying which ones your startup wishes to use is crucial.

  • Python:

Used in most back-end development, for developing websites, task automation, and much more.

  • Java:

Great for building fintech apps because of their security, user-friendliness, high performance, and is supported by many OSs.

  • Kotlin:

Interoperable with existing Java code, and as an open-source language it provides additional developmental advancements.

  • C, C++, C#, Node.js:

As a family of languages, these are popular for high-speed data processing algorithms and advanced computations.

  • Vue, React, Angular:

Frameworks known for creating neat, aesthetically pleasing yet still highly-functional web page versions of your fintech apps.

  • Swift:

Enables developers to build native iOS versions of your startup’s fintech apps.

Technical expertise in fintech knowledge

While much of the following are skills which developers across many industries possess, they have unique uses in fintech, making them something any fintech startup should strongly consider when looking at candidates to hire.

Keep an eye out for the following knowledge in any potential candidates:

  • Machine learning applications 

Machine learning applications in fintech use data for predictive analytics, decision making, and fraud prevention programs learn from transactions made by the software, allowing it to make better, more efficient decisions as the algorithm updates.

  • Artificial Intelligence (AI)

AI has become a critical technology within finance sectors. It is largely used to automate mechanisms for handling large amounts of data at quicker speeds and can create automated chatbots to streamline process automation and customer service.

  • Blockchain solutions

Blockchain is used in multiple digital transactions which are done through cryptocurrency. By incorporating it into fintech, blockchain allows companies to manage and share data between different parties safely, without risk of it being altered, through blockchain’s decentralized network.

  • Automation DevOps 

DevOps handles operations and development simultaneously, leading to faster deployment and enhancement of a fintech company’s technological aspects. Process automation has also become a necessity as demand for it has grown tremendously, and fintech demands it even more so.

  • Knowledge of Big Data Analytics

As big data is the use of advanced tech analysis when examining large, complex data sets, and a significant part of how fintech companies work is through data collection about their customers, knowledge of it is extremely important. Fintech companies need to have developers on board who are proficient enough to use big data analytics to predict customers’ expectations and behaviors and adapt their algorithms and processes accordingly.

Soft Skills

A professional developer should not only have the right tech skills, but some of the following soft skills as well, if they are to be a good fit for your team.

  • Communication skills

Good communication skills are a must when it comes to working in a team. Even if your startup doesn’t have a full tech team, the developer will still need to work with the other members of the company as a whole, and strong communication is important for that.

  • Agility

A software engineer should be flexible enough to handle and adapt to unpredictable situations and expectations. Considering the way that many startups take a little while to find their footing, this is especially important.

  • Problem-solving

Being faced with a challenge should not be a huddle for a developer that you take on, and they should be able to handle any problems that arise effectively.

How to Hire Developers for a Fintech Startup

The following is a list of steps to take as a guide for the hiring process, to be done once your fintech startup has identified their specific needs and requirements and has a clear idea of what it expects out of a candidate.


The first step of the hiring process is a thorough resume review. This way you can immediately shortlist who is to be interviewed and assessed, so that no time or resources are wasted on anyone who does not fit the criteria to begin with.

If you do not have the resources to pre-screen developers for your fintech startup, you can hire developers and engineers from as our marketplace only features vetted engineers who already have experience working with clients in various sectors. Book an appointment with us now.

Initial Interview

After compiling a better, concise list of fintech software specialists, conducting an interview is a perfect opportunity for you to evaluate their skills. An interview is one of the ideal ways to do this. It lets you determine some of their soft skills, and you can question them on past projects and walk you through them.

If you choose to hire engineers for your fintech startup from, we will also set up a meeting between you and the candidate developer. While the candidate has already been interviewed and vetted by us, you, as a client, will also have the chance to interview them.

Tech interview and skills test

A tech interview is an essential step to add to the hiring process because it gives you the chance to evaluate the hard skills of fintech software developers.

Giving them some sort of practical task can let you quickly and efficiently check if they know what they are talking about and can put their skills to use after having them written on paper.

This is where a lot of fintech companies struggle to execute an adequate interview because you need an experienced and skilled senior engineer on your team to interview or test any prospective candidates. If you find that you do not have the resources to conduct a technical interview and/or skills test, feel free to hire developers from who have already undergone rigorous technical tests and interviews.

Questions for fintech developers in an interview

The following are some questions that may help you assess candidates’ knowledge of fintech, as well as a feel for how they may fit with your company.

  • Which technologies are used with fintech?
  • What made you get into fintech as a developer?
  • Describe your prior experiences with fintech projects.
  • Which coding languages and libraries are you familiar with? Which do you prefer?
  • How much do you know about our company and its services?
  • What are your expectations for this role?
  • What is an essential skill for fintech developers to have?

Coming to a decision

After going through all of the above steps, you are now best equipped with the information that will let you choose which developer you think will make the best match for your fintech startup.

When you hire a developer from, you have two weeks to work with them and deide whether you would like to continue collaborating with them or not.

What should technical recruiters keep in mind when hiring fintech startups?

Given the fact that the majority of the time it is recruiters who will handle all of the above—who are left in charge of sourcing and screening candidates—it is important to keep in mind some additional suggestions and guidelines,

The responsibilities of a technical recruiter vary depending on several factors, and when it comes to fintech startups in particular, they may have to pick up some additional responsibilities due to the size of an organization (which also determines how many resources are available to the recruiter), as well as how specialized the role of a fintech developer may have to be.

Some of the things to keep in mind as a tech recruiter are:

Fully understanding the developer position

While this may seem like it goes without saying, it is imperative to fully comprehend the fintech developer position that the recruiter is looking to fill.

Collecting all of the information about the role and clearing up any uncertainties is a necessity. The company must endeavor to be as concise and accurate about their needs as possible, in order to make sure that the recruiter can fully comprehend the responsibilities of the role as a fintech developer.

Developer and engineer positions and job roles are never one-size-fits-all. Make sure you truly understand the nature of the position you are hiring for, Fintech developers will differ from web developers or game developers, or social media app developers.

Understanding the tech talent as a recruiter

Recruiters should have a clear image of what the ideal candidate is like. This means not only what technical work they will be doing, but what they are like as a person.

Having a good, strong idea of what motivates them the most, and what they are looking to gain is key. Will they use this role as an opportunity for continued learning, and strive to grow their own expertise as well, or will they prioritize the work they are doing on its own?

Which aspects of a potential hire that are not related to their skills are an immediate deal-breaker? For startups, the company may choose to compromise some traits in the short run, until they are more established, and these should be laid out for the recruiter so that they source talent to match.

Making the most out of recruitment assets

These days there are many job boards, automated assessments, interviewing software’s, communication tools, and more tools that recruiters can utilize. However, there is another asset that is so common that is often overlooked: social media.

Social media sites such as Twitter are a great way to identify potential hires and get a feel for what they are like in greater depth. Oftentimes, individuals display their passion for programming and personal projects on social media, which is also another great insight to why they do what they do. Considering the scope of fintech, this leaves many possibilities, and being able to narrow down the driving force may help out in determining how well they will match with your organization.

Moreover, platforms such as Facebook and LinkedIn can be excellent ways to cultivate interest among talent that is not actively searching for a job but could be a good fit for the organization. Building a presence in these spaces can take some time, but if done efficiently, it will both increase visibility and encourage interaction with users who may not have skipped past job openings on an ordinary job board.

Where can fintech startups hire software developers?

There are various options when it comes to hiring software developers for a fintech company. The majority of them focus on remote work, something which has become the norm for software engineering, in particular, these days, and the possibilities listed are some of the best ways to go about the process through digital platforms.

Engineers that are a part of Gaper’s marketplace are not only vetted, but have experience working with a host of different businesses in various sectors. As a fintech startup, you will be able to find developers and engineers who have an understanding of the sector better than others and who may be more suitable for working with your business than others. Build a tech team for your fintech startup today!

Fintech job boards

One of the most common places to turn to in order to find developers, job boards allow you to quickly and easily post what your company is looking for to an audience that meets those needs. The job board Fintech Coffee is dedicated to fintech developers only, and Upwork is a reputable site for job’s across industries, which allows you to filter your needs for a tailored experience.

Freelancing platforms for fintech

Many companies are dedicated to finding freelance software developers to work with. These digital platforms handle all of the hard work for you by screening and vetting candidates, determining a fit based off of your company’s requirements and the candidates’ skills, and then connect the two parties.

Online fintech developer communities

There are many online communities for developers to network, and those who are looking to work with these engineers to connect with them. GDG (Google Developer Groups) is a dedicated platform, and sites such as Reddit, which hosts a dedicated subreddit for developers, are widely used platforms where businesses can get in touch with and recruit a developer for their fintech needs.

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