On Deck ranked Finch #2 on its Top 40 Companies of 2023 list, reinforcing our vision to build a future where employment is connected and programmable.
We’re excited to announce that On Deck ranked Finch #2 on its Top 40 Companies of 2023 list, reinforcing our vision to build a future where employment is connected and programmable.
About On Deck and its annual list of top companies
On Deck launched its first fellowship in 2019. To date, the organization has helped start and accelerate hundreds of companies, which are now worth over $9 billion. What started as a passion project has grown into a worldwide network and community of the most ambitious people around the globe.
In an effort to consistently showcase the best and most promising On Deck companies, every year the organization publishes its list of top performers. On Deck considers a number of factors during the selection process, including funding raised, valuation, and momentum over the last year. The nature and importance of the problems companies are tackling also factors into the team’s decision. This year’s list includes 40 companies that have demonstrated significant traction over the past 12 months.
The market need for an open employment data ecosystem
Being recognized as a high performer by On Deck underscores the market need for an open employment data ecosystem.
The workforce is the backbone of the U.S. economy. From retirement benefits to health insurance to mental health, employers’ responsibilities have significantly increased over the years. Despite the challenges posed by the macro backdrop, U.S. employment has been growing steadily, with the unemployment rate at its lowest in 54 years.
Unfortunately, the employment ecosystem faces significant challenges due to a lack of data accessibility. Over 580 million U.S. employment records and $15 trillion of funds are processed across more than 20,000 employment data systems, including payroll, HRIS, benefits administration, ATS, and others. The ecosystem also lacks connectivity, with sensitive records mostly passed via manual data entry, SFTP, and unsecured emails.
We are here to change that by making it easy to read and write employment data at scale with our unified employment API. With Finch, applications can instantly integrate with over 200 employment systems to provide products and services to employers. To learn more, visit tryfinch.com.
