College Kid Personalities Attempt to Run Fintech - Anonymous employee QRails Employee Review

2.0
24 Aug 2023
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Salary is relatively competitive and tends to hit the glass door median but benefits and 401k are a lacking. Most employees are great to work with but overall it’s apparent there is a favorite clique. Good efforts were made to keep employees happy with events and outings but they eventually ran dry.

Cons

Feels like there are two main groups within the office. The is an inner circle that gets all the company news and information, and everyone else. If you’re everyone else, you constantly watch private conversations and whispers go around especially when the company was in trouble. Shares were promised as part of compensation packages but paperwork never materialized, only to be found that they only existed on a spreadsheet likely to never be paid out. In retrospect, offer letters seem to be intentional in leaving out the specific numbers and series of shares. We were lied to about the company’s financial stability, and ultimately resulted in mass furloughs of the overwhelming majority of the staff except for a skeleton crew required to be minimally operable and to maintain legal and regulatory compliance. Initially the furlough was planned for a few weeks, which turned to months. They were decent sending updates the first month but from what I hear, the updates haven’t happened in months and some are still sitting in limbo after most of the C suite were removed. Eventually there were many rumors and speculation of inter office relationships, frivolous spending, and high risk decisions being made that ultimately led to the near failure of the entire company. There are a few personalities of more senior employees that are difficult and don’t like hearing from more junior colleagues, who walk around with a chip on their shoulder making it difficult to propose suggestions or simply work with them directly. If have bills to pay, I would suggest looking elsewhere. If you happen to have a large savings and a morbid curiosity of now not to run a company, it may be worth joining to enjoy the show.

Explore other reviews about QRails

5.0
7 Apr 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Culture: The culture of Qrails is unlike any other I have experienced. Everyone is there to help you learn and management has truly made it feel that way. No matter the position or tenure of a colleague, everyone will do what they can to help you understand information and achieve your goals. Work Hard, Play Hard: While we work extremely hard to make the company and our products successful, we also like to take the time to get to know each other and take time away from our computers. Between company happy hours, pool game tournaments, and pot lucks, we have built a balanced environment of work and fun. Path to success: I have never believed in an upper management team like I do this one. They truly care about their employees and make sure to get to know everyone on an individual basis. They work incredibly hard to ensure success in the company, as well as, making sure to help their employees accomplish their overall career goals.

Cons

While compensation is fair, the benefits are not as substantial as other companies, but still solid. Being a small company makes this understandable, as well.

3.0
2 Mar 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Old leadership turned company around

Cons

New leadership stopped paying propoe

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