Toxic for minorities - Anonymous employee iwoca Employee Review

1.0
25 Jan 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

• 3x retreats a year that are a great way to get to know your colleagues and travel • Very active social life pre pandemic. Lots would hang out in the office regularly, big budget to spend on team socials, great summer and christmas parties • Frequent pay reviews and salary transparency for tech data and product • Lots of room for progression as the company was growing

Cons

• They "do a lot of things for D&I" but it's all smoke and mirrors. They might sponsor D&I events and bring in speakers for LGBTQ history month but the culture itself is toxic and exhausting if you're a minority working in tech. This comes from the founders, particularly the CTO. He shares sexist and transphobic rhetoric on Slack and argues bluntly about triggering topics, doesn't think empathy is useful or something he is capable of, doesn't like being criticised for any of this, and thinks diversity is only worthwhile if it makes you more money. I'm disgusted iwoca won a D&I award this year. • There's generally an aggressive culture in tech. This means they undervalue people who aren't naturally aggressive and give harsh feedback. As a woman in tech I was yelled at when things weren't going well, saw many other women in tears because of how they'd been treated and watched excellent women be consistently undervalued. • Barely any of the product team have been given the support and autonomy they need to do valuable work. They get shut down before they're able to spend tech time or tied up in big tech debt projects. The leadership team seems to think this is because they are useless. • Their tech infrastructure is a giant monolith that nobody really understands. They've spent years refactoring it to try and make it do something it wasn't designed for and now even less people understand it, and it's very hard to get anything done. • They insist on building internal tools when you could easily buy something much better

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iwoca Response
4y
Whilst we are always grateful for feedback, I feel so disappointed to read this review and hear this was your experience. Your review covers a number of things, but mainly what I want to address are your notes on our approach to D&I. D&I is a really important topic for iwoca. Having an inclusive and diverse workplace is not only the right thing to do, it makes iwoca a stronger and better business. Our D&I mission is to create an environment where everyone feels welcome and respected, and where we can develop both personally and professionally here. D&I is also a complex topic. Many people feel passionately about it, and as with other complex topics, it is one that gets discussed and debated a lot. Those discussions can feel uncomfortable at times, however we believe that being able to share ideas and challenge each other’s assumptions is an important and effective part of the learning process. And when we challenge each other, we should do so with positive intent and also assume the same intent when we are being challenged ourselves. This kind of environment takes work and is hard - and if certain conversations don’t strike the right balance, we try to learn from that too. As a company, we believe that a diverse and inclusive environment is a prerequisite to learning, so it remains important to us and what we do. We strive to remove bias from our recruitment, pay and promotion decisions (e.g via calibration sessions; transparent salary bands; blind CV assessments). We strive to have open conversations across the organisation. We strive to build a place where everyone feels welcome and heard. We’re not always successful and I’m sorry you felt we failed you, but on our journey to achieving that vision we approach it absolutely with the best of intentions. Seema Desai Chief Operations Officer

Explore other reviews about iwoca

3.0
16 Mar 2026
Recommend
CEO approval
Business outlook

Pros

Stable hours, consistent schedule, decent health benefits for full-time employees, good coworker camaraderie on the floor

Cons

Management is disconnected from day-to-day operations, advancement feels slow and political, high turnover makes it hard to build a solid team, pay doesn't reflect the workload

4.0
18 Jul 2022
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great culture with a lot of perks and friendly colleagues

Cons

Salary can be quite low when you're starting out.

1
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iwoca Response
3y
Thank you for your review, we really appreciate your feedback. It's great to hear you enjoyed the culture and perks whilst you were at iwoca. We review salaries on a regular basis, which includes benchmarking internally and externally. We also encourage open discussions with managers and People Partners. We wish you all the best in your next career move. - The People Team
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