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Full-Time

Backend Engineer

Posted on 2/7/2024

Prime

Prime

11-50 employees

Embedded financial solutions for small businesses

Data & Analytics
Fintech

Mid

Los Angeles, CA, USA

Requires onsite presence in Los Angeles, CA, NYC metro area, or Bay Area, CA for several times per year for consecutive days. Time zone requirements: East/West Coast. Prime covers all travel expenses for onsite collaboration sessions.

Category
Backend Engineering
Software Engineering
Required Skills
Python
NoSQL
AWS
Flask
Requirements
  • 3+ years of professional software engineering experience
  • Experience with the complete development cycle, from product definition to delivery
  • Excellent communication skills
  • Growth mindset
  • Bias to action
  • Evidence of constant learning
  • Experience with Python/Flask, AWS, API Development, relational databases, NoSQL databases
Responsibilities
  • Drive the software development of customer facing and internal facing applications
  • Collaborate with other engineers and cross functional partners to delight customers
  • Influence and develop architecture and technical roadmap
  • Write high quality, maintainable and scalable code
  • Identify and troubleshoot issues
  • Solve customer and stakeholder pain points
  • Maintain the quality bar for engineering excellence at Prime

PrimeFT offers embedded financial solutions tailored for small businesses, including expansion capital, inventory financing, and term loans. Their services are integrated into the platforms that businesses use daily, making financial management seamless. Unlike competitors, PrimeFT acts as an integration layer, providing options for partners to white label their lending portal or use custom APIs. The goal is to empower small businesses with the financial resources needed to manage cash flow and expand operations.

Company Stage

Series B

Total Funding

$49M

Headquarters

New York City, New York

Founded

2021

Growth & Insights
Headcount

6 month growth

42%

1 year growth

87%

2 year growth

328%
Simplify Jobs

Simplify's Take

What believers are saying

  • PrimeFT's innovative approach to embedded finance can significantly enhance cash flow management and operational expansion for small businesses.
  • The company's data-driven underwriting process increases loan approval rates, offering a more tailored financial solution for end-users.
  • Revenue-sharing with partners creates a mutually beneficial ecosystem, encouraging reinvestment and growth.

What critics are saying

  • The reliance on advanced data science and AI for credit risk management may face challenges if data quality or algorithms are compromised.
  • The competitive fintech landscape requires continuous innovation to maintain a unique value proposition.

What makes Prime unique

  • PrimeFT's embedded financial solutions seamlessly integrate into the daily platforms of small businesses, unlike traditional lenders who operate separately.
  • Their use of advanced data science and AI for credit risk management allows for more precise underwriting decisions, setting them apart from competitors relying on conventional methods.
  • PrimeFT's full-service integration layer offers flexible integration models, providing partners with customizable solutions that are rare in the market.

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