Full-Time
Senior Engineer
Posted on 3/13/2025
Ivy
11-50 employees
Direct payment solution for merchants
No salary listed
Senior
Company Does Not Provide H1B Sponsorship
Berlin, Germany
The team gets together in Berlin 4 times a year for full-week onsites.
- You built a production system before, preferably with Typescript & Node.
- You can easily go super deep into complex problems and solve them.
- You have a natural bias to action and want to fix things on the go.
- You enjoy working with a small team to ship high-quality code quickly.
- Self-motivated with a strong drive to achieve high standards.
- Working fullstack on the product
- Executing projects in small teams
- Build features with a 'you build it, you run it' mindset, taking responsibility for testing, deployment, and monitoring.
- Research complex technical problems and push strategic initiatives.
Ivy operates in the Open Banking sector by providing a direct payment solution that allows merchants to accept payments directly from customers' bank accounts, bypassing traditional card and wallet systems. This technology connects with over 500 million bank accounts across more than 50 countries, reducing transaction costs and increasing profitability for merchants by eliminating intermediaries and associated fees. The platform enhances user experience by transforming bank accounts into instant payment wallets, integrating each bank's branding for a seamless process. Additionally, Ivy partners with Ecosia, planting a tree for every transaction made, promoting sustainability and engaging with a community of over 20 million users. Ivy's business model relies on lower transaction fees compared to traditional methods and potential revenue from partnerships.
Company Size
11-50
Company Stage
Series A
Total Funding
$26.9M
Headquarters
Munich, Germany
Founded
2021
Simplify's Take
What believers are saying
- Increased Open Banking adoption aligns with Ivy's direct payment model.
- Rising demand for real-time payments positions Ivy well in the market.
- EU's PSD2 regulation benefits Ivy by mandating open bank APIs.
What critics are saying
- Emerging fintech startups could erode Ivy's market share.
- Potential regulatory changes like PSD3 may increase Ivy's operational costs.
- Reliance on bank partnerships poses risks if banks change collaboration terms.
What makes Ivy unique
- Ivy offers direct payments, bypassing traditional card and wallet systems.
- Ivy's platform integrates bank branding for a seamless user experience.
- Partnership with Ecosia plants a tree per transaction, enhancing sustainability.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Company Equity
Stock Options
Professional Development Budget
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 6%1 year growth
↑ 6%2 year growth
↑ 21%FIBE fintech & finance festival has revealed its first programme draft, featuring speakers like former PayPal CEO Dan Schulman, N26 Co-Founder Valentin Stalf, and Apollo Managing Director Veronique Fournier. The festival takes place on April 9 & 10 and will host panels, fireside chats, and startup pitches across its Festival and Club Stages, bringing together global industry leaders to discuss the future of fintech and finance.As with the first edition in 2024, FIBE will feature two main stages, the Festival Stage and the Club Stage, each offering a distinct experience. The Festival Stage will host high-profile keynotes, breaking news discussions, and thought-provoking panels with global fintech leaders, while the Club Stage will provide an interactive platform for in-depth debates, hands-on sessions, and startup showcases. In addition, the programme for a dedicated Podcast Stage, Masterclases and FIBE Späti is currently being drafted, with more details to be announced soon.Festival Stage: A Front-Row Seat to the FutureThe Festival Stage features a series of keynote interviews, panel discussions, and fireside chats with top-tier speakers:Global Fintech Dynamics: Macroeconomics, Regulation & Market Hubs• Opening Keynote Interview with Dan Schulman, former CEO of PayPal.• Fireside Chat with Valentin Stalf, Co-CEO of N26, discussing the latest breaking news in fintech.• Panel discussion on the Digital Euro with Burkhard Balz, Executive Board Member of Deutsche Bundesbank.Emerging Tech & Trends• Fireside Chat with Alexandra Mousavizadeh, Co-Founder & CEO of Evident, on how AI is revolutionizing finance.• Fintech trends and future talks featuring Veronica Breene (Vesta Insights) and Hélène Falchier (Portage Ventures) on the decade-long impact of AI in banking.Fintech Founders & Funding• Founder story with Patrick Stäuble, CEO of Teylor.• Panel discussions on navigating growth, unlocking funding opportunities, and leveraging AI for financial crime prevention, featuring speakers from Raisin, Holvi, and Sopra Steria.Shaping Tomorrow• Panel on green finance innovations featuring Saskia Bruysten (Yunus Social Business) and Dr. Tillmann Lang (Inyova).• Live insights from Silicon Valley, presented by Felix Holtermann, Handelsblatt’s Silicon Valley correspondent.The Festival Stage will also include multiple early-stage startup pitches, hub talks on fintech competitiveness, and debates on regulatory transformations like PSD3 and instant payments.Club Stage: Exploring Fintech’s Core and BeyondThe Club Stage provides an interactive space for in-depth discussions, debates, and “Ask Me Anything” sessions, diving into critical topics shaping fintech today:The Future of Insurance and Banking• Panel on insurtech partnerships and profitability, featuring Gil Arazi (FinTLV Venture Capital).• Insights on redefining traditional banking from leaders at Raiffeisen-Holding, Elevator Ventures and Klim.Beyond Banking and Super Apps• Panel discussion on new revenue models with Oliver Mohseni (Froda) and Roger Berger (BNP Paribas).• Debate on Europe’s potential as a “Super App” leader, featuring Georg Hauer, advisor and venture builder.Emerging Fintech Horizons• Discussions on wealth management and AI transformation, featuring Veronique Fournier (Apollo) and Dr. Axel Haus (Vanguard Group).• Practical tips on fintech funding from Motive Ventures and Tokenize.it leaders.Navigating Regulation and Innovation• Panels on DORA’s (Digital Operational Resilience Act) lessons, PSD3, and the future of payments with experts like Dr
Ferdinand Dabitz, CEO of Ivy, discusses the Open Banking evolution, seamless payment experiences, and the growing demand for real-time transactions. Can you explain how you eliminate the need for credit cards and ensure successful bank-to-bank transactions with Ivy’s core technology?. Traditional payment methods like credit cards and digital wallets are often costly and inefficient for merchants and consumers. These fees quickly eat into margins, especially for merchants with high transaction volumes or low-margin products. In addition, chargebacks and fraudulent transactions create further operational burdens, often requiring additional resources to manage disputes and recover funds. For consumers, especially in regions like Eastern Europe, credit card ownership remains low, with only 37% of adults owning one. This limits access to credit-based payments, making bank-based alternatives more attractive
Bereits wenige Wochen nach der Seedfinanzierung gibt das Münchner Startup Ivy bereits das nächste Funding bekannt: In seiner Series A beteiligt sich der bekannte Fintech-Investor Valar Ventures. Ein Zeichen, dass sich die Stimmung unter Geldgebern wieder dreht. Erst Anfang Juli verkündete das junge Team von Ivy eine Finanzierungsrunde über sieben Millionen Euro. Schon damals investierte
Das Münchner Fintech Ivy will es Unternehmen ermöglichen, mittels einer API Konto-zu-Konto-Zahlungen in Echtzeit über Banken zu akzeptieren und so Transaktionsgebühren von Vermittlern zu umgehen. Denn jeder dieser Zwischenhändler erhält bei jeder Transaktion seinen Anteil, wodurch sich die Transaktionsgebühren auf etwa 1–3 Prozent belaufen. HändlerInnen, die mit dem Startup zusammenarbeiten möchten, müssen ihre bestehenden Zahlungseinstellungen nicht ändern. Die Pay by Bank-Option von Ivy kann direkt über die API oder als Plugin für alle etablierten Shopsysteme wie Shopify, Shopware, Magento oder WooCommerce zu jedem Checkout hinzugefügt werden. Zahlungen per Bank und nicht mehr per KreditkarteFerdinand Dabitz, Mitbegründer von Ivy, ist sich sicher:„In zehn Jahren werden Zahlungen im Wert von Billionen Dollar per Bank und nicht mehr mit Karte bezahlt – ein großer Wandel, den Ivy vorantreiben wird. Über 60 Regionen weltweit führen derzeit eine Instant-Bankzahlungsinfrastruktur ein
Germany’s Ivy raises €7 million to ‘build a better payments world’ with its global API for instant bank payments.