Prospective Employees & Clients Beware! Worst leadership in my career - Anonymous employee NepFin Employee Review

1.0
2 Apr 2020
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Unlimited PTO There were smart people that came through firm (came and went) Kombucha & Random Employee Offsites to Pet Animals (... yes you read that correctly) Great learning experience in how not to manage or lead a company

Cons

- cronyism at its finest display - fascinating how founders had such fond memories of their prior firm, yet not a single former colleague of theirs wanted to ever be on their team... let that sink in a second... - inexperienced leadership at founder level yet high arrogance factor - EXTREMELY HIGH voluntary turnover of very smart people on both credit and engineering side - consider this, they say term loans up to $30M on their investment criteria - however no SEC filing exists showing they have a committed fund (meaning if such fund exists it is small... so is it possible they can really write checks they say they can on their own?)... prospective clients and employees ought to ask direct questions to see if there are direct answers - founders exhibited questionable ethical standards regarding communication of capabilities - No bonus plan - was up to founders of who’s butt can you kiss best - several toxic people who karma will catch up to eventually (note some of which were reported to HR several times yet no action by leadership due to favoritism) - founders and certain toxic members of team notorious for threatening behavior only to go do far worse things ethically... most former employees have this documented - founders had literally no understanding of how to manage engineering talent and never had any understanding of how to develop revenue model on tech... but worse yet, they censored senior engineering staff or derailed ideas that weren’t ideas of founders - former colleagues on investment/credit side said founders were notorious for changing their minds even after team had delivered terms to clients, seemed to really bother people on the team who thought it was wrong

Explore other reviews about NepFin

5.0
30 May 2018
Anonymous intern
Recommend
CEO approval
Business outlook

Pros

Really down to earth people who are willing to invest in younger interns; great culture, great learning opportunity

Cons

A little tight on desk space, but that's always a good sign as well

3
avatar
NepFin Response
6y
So glad to hear you had a positive experience during your internship at NepFin! Best of luck as you move forward in your career!
5.0
16 Apr 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Nepfin's a unique buy-side shop - has both a credit investing group and product development team building a proprietary fintech platform to service lower middle market private equity and debt shops. Given this structure, management maintains a start-up culture: * No archaic finance practices such as face-time or otherwise * Increasing tech start-up benefits (use your imagination ;) * Open-minded teams receptive to feedback from all levels / management takes actionable steps towards improving the work environment

Cons

It's a start-up. While the founders are extremely tenured (so deal flow is quite good even without additional origination efforts), the environment still requires independent, self-starters. For example, we have no staffer - teams are small, so you have to be responsible for taking on and completing deals

6
avatar
NepFin Response
6y
Thanks for your review! We definitely agree -- self-starters thrive in this environment!
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