Full-Time
Junior Software Engineer
Posted on 10/30/2024
Supernova Technology
51-200 employees
Provides securities-based lending software solutions
Entry, Junior
Chicago, IL, USA
Position requires onsite presence in Chicago.
- BA/BS or MA/MS degree in Computer Science or a related technical field or equivalent practical experience
- Knowledge or experience with one or more general purpose programming languages including but not limited to: Java, C/C++, and JavaScript. Python is a plus
- Hands-on practice on Java Spring Framework and Spring boot
- Ability to handle high priority requests in a timely fashion
- Ability to adapt to the dynamic and changing nature of a startup company and developer roles
- Remain involved in Supernova's full software development life cycle
- Hands-on coding for new features and bug fixing
- Contribute to release and deployment of the software component that is within this individuals domain
- Diagnose potential product issues and provide technical support
- Get involved in ad-hoc projects as requested (or interested in)
Supernova Technology specializes in providing securities-based lending solutions that connect various players in the financial ecosystem. Their main product is a cloud-based, fully automated platform that allows financial advisors to offer liquidity solutions to their clients by using investment portfolios as collateral for loans. This platform streamlines the lending process through a digitized, all-electronic origination system, which reduces costs and improves the customer experience by increasing application completion rates. Supernova differentiates itself from competitors by offering a customizable solution that can scale to handle millions of clients, enabling financial advisors to manage more customers effectively. The company's goal is to enhance financial wellness by helping clients identify growth opportunities and optimize their financial strategies.
Company Stage
Seed
Total Funding
$25.8M
Headquarters
Chicago, Illinois
Founded
N/A
6 month growth
↑ 8%1 year growth
↑ 10%2 year growth
↑ 38%
Simplify's Take
What believers are saying
- The launch of AI-powered solutions like Prism positions Supernova as a leader in fintech innovation, potentially attracting more clients seeking cutting-edge technology.
- Partnerships with major financial institutions like Old National Bancorp and SEI expand Supernova's market reach and credibility in the financial sector.
- The scalable nature of Supernova's platform allows financial advisors to manage a larger client base, increasing potential revenue streams.
What critics are saying
- The niche focus on securities-based lending may limit market opportunities compared to broader fintech solutions.
- Dependence on partnerships with financial institutions could pose a risk if these relationships are disrupted or if partners develop competing solutions.
What makes Supernova Technology unique
- Supernova Technology's platform is the only fully automated, cloud-based, and customizable solution in the securities-based lending market, setting it apart from competitors.
- The integration of AI-powered tools like Prism enhances data extraction accuracy and speed, providing a significant technological edge over traditional document processing methods.
- Supernova's focus on a total balance sheet approach to financial wellness offers a comprehensive solution that goes beyond standard lending services.
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