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Full-Time

Software Engineer

Backend

Posted on 8/26/2024

Betterment

Betterment

201-500 employees

E-commerce platform for branded lifestyle products

Consumer Software
Consumer Goods

Compensation Overview

$145k - $170kAnnually

+ Equity Package + Incentive Bonus

Mid, Senior

New York, NY, USA

Hybrid position requiring three days a week in-office.

Category
Backend Engineering
Software Engineering
Required Skills
Data Structures & Algorithms
SQL
Java
Requirements
  • 3+ years professional experience in at least one object-oriented language, preferably Java
  • 3+ years professional experience with SQL and relational databases
  • A strong command of fundamental algorithms and data structures
  • Demonstrated ability to contribute to complex projects and independently deliver small features in established codebases
  • Appreciation for agility and pragmatism in software development
Responsibilities
  • Build innovative trading and money-movement technology that empowers people to make the most of their money so they can live better
  • Solve “impossible” problems. Take your ideas to the next level right away. We experiment, iterate, learn, and repeat
  • Uphold a standard of excellence in your work, continuously seeking improvement and welcoming guidance from more experienced engineers
  • Collaborate with purpose. You’ll work in small groups with other talented thinkers and figure out how to make Betterment’s software even better
  • Gain trust through transparency. We believe in taking the guesswork out of investing. That means a consistent experience for our customers — you’ll build the tools to make it possible
  • Create efficiency. Our software helps customers save time and money. We maintain it through clean code, pragmatic programming, and lean engineering
  • Contribute to an environment of open communication where engineers feel empowered to share ideas and take initiative to solve problems that achieve company objectives

Betterment operates an online retail platform that specializes in selling branded apparel, accessories, and gifts. The company designs a variety of products, including t-shirts, hoodies, onesies, beanies, mugs, and tote bags, all aimed at promoting a positive lifestyle and happiness. Customers can purchase these items directly from Betterment's website, where products are listed at regular and sale prices, making them accessible to a wide audience. Unlike many competitors, Betterment focuses on creating a unique brand identity that resonates with individuals who appreciate lifestyle-oriented merchandise. The goal of Betterment is to attract a diverse clientele and encourage a pursuit of happiness through its products.

Company Stage

Series F

Total Funding

$448M

Headquarters

New York City, New York

Founded

2010

Growth & Insights
Headcount

6 month growth

4%

1 year growth

13%

2 year growth

8%
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Simplify's Take

What believers are saying

  • Betterment's diverse product range and positive branding can attract a wide customer base, potentially leading to high sales volumes and profitability.
  • The company's focus on promoting happiness and well-being through its products can create a loyal customer base that resonates with its message.
  • Economies of scale can lead to increased profitability as sales volumes grow, benefiting both the company and its employees.

What critics are saying

  • The competitive nature of the e-commerce market means Betterment must continuously innovate to stay ahead of rivals.
  • Relying on direct sales for revenue can be risky if there are fluctuations in consumer demand or economic downturns.

What makes Betterment unique

  • Betterment's focus on branded lifestyle products that promote happiness sets it apart from other e-commerce platforms that may not have such a clear, positive message.
  • The company's ability to offer a wide range of products, from apparel to accessories and gifts, allows it to cater to a diverse customer base, unlike more specialized competitors.
  • Betterment's direct sales model and occasional sale pricing make its products accessible to a broad audience, enhancing its competitive edge in the online retail market.

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