Case Study: NextCapital achieves 83% reduction in candidate evaluation time with HackerRank

NextCapital’s Engineering Team Saves 83% Time Evaluating Candidates with HackerRank

NextCapital, a 51–100‑person FinTech founded in 2014 that builds enterprise digital-advice solutions, needed to hire developers quickly but was losing engineering time to manual reviews and plagiarism checks — taking 1–2 hours to review each take‑home project and 4–5 hours to scrutinize suspected plagiarism — and was relying on pedigree proxies that limited candidate reach.

By adopting HackerRank’s automated assessments and custom coding challenges (including a finance‑engineer test) plus MOSS‑based plagiarism detection, NextCapital ran 1,150 automated assessments, brought 142 candidates onsite, and reduced engineer review time to about 10 minutes for top submissions — saving roughly 2,100 hours and about $110,000 in the first year.

NextCapital

Sloane Larson-Shidler

Employee Experience Leader