Transfast Reviews

4.0

77% would recommend to a friend

(44 total reviews)
avatar

Samish Kumar

85% approve of CEO

66% positive business outlook

Transfast has an employee rating of 4.0 out of 5 stars, based on 44 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Transfast employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

44 reviews
2.0
6 Nov 2014

horrible

Recommend
CEO approval
Business outlook

Pros

start a good experience for those people who work at office field

Cons

no challenge they give you to many task and not giving you any incentives even though you work for how many years no promotion at all.

1.0
18 Jul 2017

ACCOUNT MANAGER

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Well organized and allow for independence...

Cons

Very cheap company which does not value investing in the customer or sales force. There is no clear direction and the goals assigned are unrealistic. You are on your own with little pay and little marketing material. The market rates which Transfast offers are the same or worse that other companies like Ria,Sigue, MoneyGram or Choice. Transfast does not give you the tools to succeed at your job which is critical in competitive Money Transfer market. The turn over is very high and pay is very low. The culture at Transfast is slash and burn. Nobody is interested in you and it can take weeks to get a response from management when you have problems. This is not a place to make a career.....I DO NOT RECOMMEND!!!!!!!!

1.0
25 Mar 2018
Recommend
CEO approval
Business outlook

Pros

They will probably give you a job

Cons

Beware: Company is having financial problems. Forecasts and budgets are "adjusted" and money is shuffled in odd ways in order to please private equity investors and the banks the company works with. Transfast positions itself as a fintech company, in particular its corporate and online businesses, but is really just a cheap, old school, mom & pop remittance shop. Don't let the Wall Street address fool you, cockroaches are often seen in the kitchen and in the dilapidated general office area, which reflects the state of the business overall. Every employee at Transfast in the US is looking for another job. No one competent remains at Transfast by choice beyond about six months (except the ~10 employees with equity from years ago or those with no education and thus no options). Yelling bosses and crying employees are common for all to see. Transfast commits to but never pays bonuses as sales and financial targets are unrealistic and thus never met (or other excuses are made). Equity grants are never given despite written commitments. Raises, even inflation adjustments, have not been given for at least two years. CEO cannot focus, has no vision, has no management skill and tolerates employee fraud and illegal activity. He has not grown this business, but rather this business has grown in spite of him due to globalization. This gets worse as the company grows and he cannot adjust his micromanaging style. He has no eye for talent and promotes those who agree with him most vociferously, rather than those who are competent. It's a wonder his PE investors haven't replaced him. I highly advise against getting mixed up in the mess that is Transfast.

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Transfast Response
7y
Although we appreciate your feedback, your inaccurate and slanderous comments intended to defame the company are grossly false and certainly don’t reflect reality. Facts about our growth including the size of our team reflect a culture of teamwork where competence and accomplishments are rewarded and your negative view certainly do not represent that of our 800+ employees, many of whom have been with the company for many years. Clearly you did not enjoy your time working at Transfast, but the extreme negativity of your review indicates it was a good thing for us that you left.
Viewing 1 - 3 of 44 Reviews

Glassdoor has 55 Transfast reviews submitted anonymously by Transfast employees. Read employee reviews and ratings on Glassdoor to decide if Transfast is right for you.