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Full-Time

Full-Stack Engineer

Servicing

Confirmed live in the last 24 hours

ONE Finance

ONE Finance

501-1,000 employees

Digital banking platform with high-yield savings

Fintech

Compensation Overview

$175k - $240kAnnually

Senior, Expert

Remote in USA

Category
Full-Stack Engineering
Software Engineering
Required Skills
UI/UX Design
SQL
Requirements
  • 5+ years of development experience.
  • Hands-on experience with at least one backend language framework.
  • Proficiency in writing efficient and scalable SQL queries, with experience in performance tuning and the ability to implement UI changes to enhance user experience and functionality.
  • Experience leading, mentoring, and demonstrating excellence in execution.
  • A desire to keep growing your skills, and an ability to learn quickly.
Responsibilities
  • Work closely with other engineers to ship code.
  • Build and maintain documentation.
  • Solve complex problems that arise at scale.

One Finance provides a digital banking platform through its mobile app, allowing users to manage their finances easily. The app offers a debit Mastercard® and is designed for both individuals and small businesses seeking a convenient way to handle their money. By partnering with Coastal Community Bank, One Finance offers a high-yield savings account with an Annual Percentage Yield (APY) of up to 5.00% on balances up to $250,000, which is significantly higher than typical savings accounts. The company generates revenue primarily through interchange fees when customers use their debit card for purchases. Additional features include early direct deposit, cash back rewards at Walmart, instant money transfers, and overdraft protection. One Finance aims to provide cost-effective financial solutions that help customers grow their savings and manage their finances without the burden of monthly fees.

Company Stage

M&A

Total Funding

$66.7M

Headquarters

New York City, New York

Founded

2022

Growth & Insights
Headcount

6 month growth

19%

1 year growth

80%

2 year growth

245%
Simplify Jobs

Simplify's Take

What believers are saying

  • The potential launch of a BNPL service backed by Walmart could significantly expand ONE Finance's product offerings and customer base.
  • High APY on savings accounts can attract a large number of customers looking for better returns on their deposits.
  • The backing and majority ownership by Walmart provide financial stability and a strong market presence.

What critics are saying

  • The fintech market is highly competitive, with numerous players offering similar services, which could impact customer acquisition and retention.
  • Reliance on interchange fees for revenue may be vulnerable to regulatory changes and market fluctuations.

What makes ONE Finance unique

  • ONE Finance offers a high-yield savings account with an APY of up to 5.00%, significantly higher than the industry average.
  • The partnership with Coastal Community Bank allows ONE Finance to provide banking services without being a bank itself, reducing regulatory burdens.
  • The integration of features like early direct deposit, cash back at Walmart, and overdraft protection makes ONE Finance a comprehensive financial solution.