FinClear is on the brink of bankrupcy. Incompetent management. - Anonymous employee FinClear Employee Review

1.0
5 Apr 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Centrally located office. WFH two days per week.

Cons

FinClear is burning cash… fast. They had to do an emergency cap raise at a much lower valuation to keep the lights on. Revenue from their core clearing and settlement business is lumpy and dependent on ASX trade volumes. They’ve invested in private market exchange - went to the extreme of paying millions for a tier 2 exhange license and made a PR splash (of course), only to now realise there’s no demand. They arre now desparate to bring in new revene, so are dabbling into other services such as FX.

Explore other reviews about FinClear

1.0
1 Jun 2026
Recommend
CEO approval
Business outlook

Pros

None. I wouldn't never work here again.

Cons

Everything. Avoid at all costs.

3.0
15 Sept 2025
Recommend
CEO approval
Business outlook

Pros

Nice work environment, Good bunch of people. Have not noticed any problematic politics or office drama. Mostly fair work/life balance but does seem like that's not the case for all teams. Some flexibility, 3 days pw in the office, but it used to be 2, so is likely not going to last. Active development on new software and uplifting tech stack so there is lot of opportunity here. Still potentially good career opportunities here in the tech side due to all the projects, IF you get a good salary offer from the outset - do not count on increases as they are unlikely.

Cons

In the past few years... 1. After a large project to consolidate different tech stacks, a large part of the work force was laid off, this included people who made significant contributions to the project. Laid off with only the legal required payout. 2. Lack of pay increases over the years. 3. Flexibility going away - Company only required 2 days in the office for years, but is now mandating 3 and giving warnings to staff. I feel this is causing a decline in morale. Messy tech stack, tons of tech debt (improving, maybe), some poorly chosen software vendors, and some extremely dated software (think 1990s era) powering core systems. This provides opportunities to the right people but can also be very frustrating to work with.

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