Buzzy insurtech Corgi is hiring experienced investment bankers. The catch? The pay is commission-only.
Corgi has made waves for venturing outside of insurance: launching ETFs and even cafes. Investment banking may be next.
Corgi, the insurtech company that recently listed its ETF on the Nasdaq, is expanding its business ventures to include investment banking. The firm has posted a job listing for a Managing Director of Investment Banking, with an unusual feature: the pay is commission-only, with no base salary. Corgi, valued at $5 billion, is seeking experienced professionals with a strong background in managing transactions and who have established client relationships.
The company, founded in 2024 by Emily Yuan and Nico Laqua, has rapidly grown beyond its initial focus on insurance for startups, delving into thematic ETFs and 24/7 cafés and coworking spaces. The commission-based pay structure may pose challenges for traditional bankers, but Corgi's successful fundraising efforts and ambitious plans for building an AI financial infrastructure company could appeal to ambitious young professionals.
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