Full-Time

Founding Backend Engineer

Posted on 10/3/2024

Parcha

Parcha

11-50 employees

AI-powered onboarding and compliance platform

Compensation Overview

$175k - $225k/yr

+ Stock options + Competitive salary

San Francisco, CA, USA

In Person

Relocation assistance available to relocate to San Francisco.

Category
Software Engineering (1)
Requirements
  • 5+ years of experience in backend engineering, with a focus on Python-based systems
  • Deep expertise in designing and implementing scalable, distributed systems
  • Proficiency in asynchronous programming and API development (e.g., FastAPI, Flask, or Django)
  • Strong understanding of asynchronous executors and workflow management systems like Celery, Prefect, and similar technology.
  • Experience with cloud platforms (preferably Google Cloud) and containerization technologies (Docker, Kubernetes)
  • Familiarity with message queues and event-driven architectures
  • Solid grasp of security best practices and experience implementing them in production environments
  • Excellent problem-solving skills and ability to optimize system performance
  • Strong communication skills and experience collaborating in cross-functional teams
Responsibilities
  • Design and implement scalable, high-performance Python services and APIs to interface with our AI-driven workflows, orchestration, and benchmarking
  • Develop and optimize asynchronous workflows to handle complex, distributed tasks efficiently
  • Create and maintain RESTful and webhook-based APIs for seamless third-party integrations
  • Architect and build robust systems capable of handling enterprise-grade workloads and security requirements
  • Implement and optimize complex LLM-based workflows
  • Collaborate with everyone in our team to ensure system designs and implementations meet product requirements and performance expectations
  • Contribute to the continuous improvement of our development practices, including code reviews, testing strategies, and deployment processes
Desired Qualifications
  • Experience in a fast-paced startup environment, particularly in early-stage (0 to 1) product development
  • Track record of scaling systems to handle rapid growth and increasing complexity
  • Familiarity with AI/LLM technologies and their integration into production systems
  • Experience with microservices architecture and API gateway patterns

Parcha provides AI-powered onboarding and compliance solutions for banks and fintechs, focusing on document verification, risk management, and compliance. Its products use AI with real-time document remediation, high-risk industry screening, and business ownership verification to speed onboarding while enforcing controls. Parcha differentiates itself by combining real-time remediation with diverse risk data from open-source intelligence and proprietary databases, offered via subscription-based or customized services. Its goal is to help financial institutions onboard customers quickly without compromising risk management and regulatory compliance.

Company Size

11-50

Company Stage

Seed

Total Funding

$5M

Headquarters

San Francisco, California

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Secured $5M seed from Kindred Ventures and Initialized Capital.
  • Achieves 90% fewer false positives, accelerating onboarding 10x.
  • Participated in Money20/20 USA Startup Hub for partnerships.

What critics are saying

  • Alloy's KYC platform processes reviews 10x faster, capturing clients.
  • OpenAI o1 models enable banks to build proprietary agents.
  • NY DFS 2025 guidelines reject Parcha's black-box AI agents.

What makes Parcha unique

  • Parcha deploys AI agents automating KYC/AML with 99% accuracy.
  • Instant Due Diligence Agent screens 190+ countries in minutes.
  • Partners with Alloy, Airwallex, Flutterwave for compliance workflows.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Stock Options

Relocation Assistance

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

6%

1 year growth

6%

2 year growth

6%
Parcha AI
Jul 15th, 2025
Agent Hub: Supercharge Your Compliance Team with AI Agents

Over the past two years, Parcha Labs, Inc. has partnered closely with leading fintech and crypto companies - including Airwallex, Flutterwave, Pipe, Bridge, and one of the world's leading cryptocurrency exchanges - to build and deploy AI agents specifically designed for their compliance workflows.

SpurIT
Sep 21st, 2023
AI advancements transforming industries

Parcha AI, an AI-powered code generation platform, has recently introduced AI Office on GitHub.

Google
Aug 11th, 2023
ICYMI fintech funding round-up: Chargeflow, Knot, Treasure Financial & more

Along with the funding, Treasure Financial has also launched a new product, the Treasure API, which will enable companies to embed Treasure's technology into their own products.

Parcha AI
Aug 10th, 2023
Parcha raises $5M to intelligently automate compliance and operations - Parcha

Parcha announces $5M seed funding from Kindred Ventures and Initialized Capital

INACTIVE