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NewLane Finance

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NewLane Finance Reviews

3.0

40% would recommend to a friend

(33 total reviews)

Daniel Dyer

48% approve of CEO

40% positive business outlook

NewLane Finance has an employee rating of 3.0 out of 5 stars, based on 33 company reviews on Glassdoor which indicates that most employees have an average working experience there. The NewLane Finance 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

33 reviews
2.0
2 Jan 2024
Recommend
CEO approval
Business outlook

Pros

Decent dental benefits from parent company, though the regular medical is nothing to write home about.

Cons

NewLane is run by two bratty millionaires who came out of retirement to play manager. Despite boasting about all the ways they have to collect and analyze data, their overarching business strategy month after month is telling employees to "work harder." As others here have mentioned, there's no plan. Initiatives are started and stopped on the CEO's whim, as he often demands direct involvement and then doesn't have the time or attention to follow through. This means that not only does very little get done in the long run, it's easy to get discouraged as individual effort very rarely pays off. Despite the fact that the business effectively runs on an inside sales model, salespeople are given very little support or direction. There is very little cross channel communication between sales and other departments, meaning that salespeople are blindsided by credit denials, etc. I could go on, but I think you get the picture. This company is failing day by day due to shortsighted or nonexistent management, as so many others have mentioned. Don't work here unless you really have no other option, and even then, don't stay long. P.S I once watched the CEO offer a team of struggling salesmen $20 if they could get an app "before the end of the day." This was, no word of a lie, at 4:55 PM. The man is a walking caricature who would put Scrooge McDuck to shame.

2.0
24 Aug 2023
Recommend
CEO approval
Business outlook

Pros

Lots of modern flair around the office.

Cons

The company runners are... Well they're old timers and I was once warned about their level of greed a long time ago. Didn't put much stock in the warning until I was witness to a red faced full on dressing down of reps that weren't to 100% of plan. Some reps were at 99% of plan and they were yelled at just the same. The exact words of "you're all costing me money!" echoed in my head and I haven't looked back.

2.0
6 July 2023
Recommend
CEO approval
Business outlook

Pros

co workers are really cool

Cons

VPs and organization is a bit disorganized

Viewing 1 - 3 of 33 Reviews

Glassdoor has 36 NewLane Finance reviews submitted anonymously by NewLane Finance employees. Read employee reviews and ratings on Glassdoor to decide if NewLane Finance is right for you.