Rapid Finance Reviews

3.3

56% would recommend to a friend

(16 total reviews)

43% positive business outlook

Rapid Finance has an employee rating of 3.3 out of 5 stars, based on 16 company reviews on Glassdoor which indicates that most employees have a good working experience there.

Reviews by job title

16 reviews
1.0
5 Apr 2023

DO NOT VALUE EMPLOYEES

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Flexible work atmosphere. Remote capabilities.

Cons

Company does not value employees and the company itself is very disorganized. In March 2023, Rapid conducted mass layoffs by sending an email blast at 6:30am on the day that the company was to provide yearly raises and bonuses. Hard-working employees woke up on that Friday morning expecting a nice merit increase, along with a bonus, but instead woke up to a termination email. The company then locked access to company computers. Although Rapid included the company laptops in its severance package, the computers have been locked for nearly a month, and the company has not been proactive with its communications regarding laptop access. The manner in which the company conducted these layoffs shows its true colors. It seems very cruel that Rapid initiated layoffs on the very day that employees were expecting raises and bonuses. That timing speaks to the heartlessness and disorganization within the company. There were literally 364 better days in the year to layoff employees. It is not a good company in the sense that if you choose to work here, you should expect the rug to be swept from under your feet at anytime. I have some real doubts about the C-level positions and upper management at Rapid. There's some real lack of vision and organization going on here. The company also expanded its headcount by an astonishing amount in the last year. It seemed to expand without worry and hired nearly anyone that had a pulse. In other words, it made the classic mistake of expanding too quickly, and then at the slightest economic downturn or uncertainty, it was forced to drastically cut its overhead. It seemed to me that the company was interested in hiring people without exploring how it could maximize efficiencies with the labor it had. Most employees in my department were not very busy and had plenty of time to gab, while some folks, including myself, felt completely bogged down by the amount of work. It is on the management to spot this issue, and level the load. The load was never leveled, and I imagine the workers who are still onboard are absolutely drowning in work. Ultimately, I feel like the layoffs could have been mitigated had the company been more organized and strategic in its growth. Not every company is a smart one. Not every company values its employees. Rapid is such a company. Beware.

1.0
2 Mar 2019

Avoid at any cost

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Decent training opportunities, a good place to get a basis of knowledge.

Cons

Extremely low salary, no salary review unless promotion, super went unpaid (tax office got involved), generally bad atmosphere, dodgy practices, top dogs are clueless.

1.0
28 Mar 2022
Recommend
CEO approval
Business outlook

Pros

I loved my co-workers. They hire a great team in the legal department but management does not play to individuals strengths or is organized to create a healthy work environment.

Cons

Literally everything. From the pay, to management, to the constant high volume and no guidance, this job was an absolute nightmare. If you want respect and work-life balance don't work here.

Viewing 1 - 3 of 16 Reviews

Glassdoor has 17 Rapid Finance reviews submitted anonymously by Rapid Finance employees. Read employee reviews and ratings on Glassdoor to decide if Rapid Finance is right for you.