Full-Time
Data Engineer
Confirmed live in the last 24 hours
Bits
11-50 employees
Credit-building service with educational tools
Senior, Expert
London, UK
Based in our Camden office in London.
- 7+ years of experience in data engineering or related roles
- Strong knowledge of Python or similar programming languages
- Experience working with large datasets and designing and implementing data pipelines
- Proficient in SQL and database technologies
- Experience with cloud-based data platforms, such as AWS or GCP
- Familiarity with data warehousing and data modeling concepts
- Strong problem-solving skills and attention to detail
- Excellent communication and collaboration skills
- Bachelor's degree in Computer Science, Engineering, or a related field
- Experience with FinTech or financial data is a plus
- designing and implementing data pipelines
- developing ETL processes
- working with large volumes of data to support our analytics and data-driven initiatives
Bits offers a credit-building service designed to help individuals improve their credit scores without the burden of high-interest rates or hidden fees. The service works by allowing users to enhance their credit scores with major credit bureaus like Experian, Equifax, and TransUnion, all while avoiding hard credit checks. Users pay a monthly subscription fee to access the service, which includes educational resources such as videos and a score simulator to help them understand credit and improve their scores. Unlike traditional credit products, Bits does not charge interest or late fees, making it accessible to a wider audience, including those with poor or no credit history. Bits differentiates itself from competitors by focusing on transparency and user education in a market often seen as complex and unfriendly. The goal of Bits is to provide a straightforward and risk-free way for individuals to build their credit scores.
Company Stage
Seed
Total Funding
$288.9K
Headquarters
London, United Kingdom
Founded
2018
6 month growth
↑ 147%1 year growth
↑ 425%2 year growth
↑ 147%
Simplify's Take
What believers are saying
- Growing demand for credit-building services among millennials and Gen Z.
- Rising popularity of subscription-based financial services supports Bits' business model.
- Increased regulatory focus on consumer-friendly products aligns with Bits' transparent approach.
What critics are saying
- Increased competition from fintech companies could erode Bits' market share.
- Regulatory scrutiny on unregulated products like Bits' Store Card may increase.
- Economic downturns could reduce consumer spending on subscription services, affecting revenue.
What makes Bits unique
- Bits offers a digital store card with no interest or late fees.
- The company uses a subscription model, providing educational tools for credit improvement.
- Bits does not perform hard credit checks, making it accessible to more users.
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