Back End Engineer, iwoca
Repeats
£70-90k
Offers share options
Online loans for small businesses
Posted today
Online loans for small businesses
201-500 employees
Posted today
£70-90k
Offers share options
201-500 employees
Company mission
To fund one million small businesses.
Role
Who you are
- Experience in back-end engineering, ideally with Python
- Proven experience leading projects end-to-end, from designing to executing a solution,
- Good understanding of business problems and communication with stakeholders
- Experience writing comprehensive automated tests, and a high level of attention to details to ensure safe releases
Desirable
- An understanding of data analysis and statistics
- A strong numerical or technical background, underpinned by a degree in maths, physics, computer science, engineering, or a related field
- Experience with Django
- Experience with relational databases (ideally PostgreSQL)
What the job involves
- We're looking for a Back-end Engineer to design the scalable, high-performance services that allow us to rapidly test and deploy new product ideas for our repeat customers
- The Repeats team is an autonomous team responsible for the lending strategy and digital user experience of our recurring customers
- They own all the product decisions that occur after a customer has taken their first funding
- This includes the user journey for repeat customers, the eligibility and documents requirements for repeat applications, the offer terms (such as offered amount or pricing), among other things
- The team is cross-functional, with a data scientist and a strategy analyst on top of back-end and front-end developers
- They work collaboratively to design new product features together and ensure these are delivered through an intuitive, high-performing digital experience
- As a Back-end Engineer on the Repeats team, you will design, build, and own the high-performance services that execute our lending strategy. You will get to:
- Exercise autonomy: Own projects end to end, from scoping and design to execution. Lead multi-engineer projects, coordinating with analysts, product managers, and other stakeholders
- Drive impact: Enhance our offerings to meet the needs of repeat customers, improving their access to tailored lending solutions
- Shape our systems: Design and maintain robust, flexible, and maintainable systems to ensure scalability and fast-paced development
- Learn through iteration: Embrace a culture of experimentation, using trial and error to uncover insights, refine approaches, and grow your technical and strategic skills
- Apply continuous deployment: Work iteratively, supported by high test coverage, and contribute to the team’s frequent deployment cycles (averaging more than once per day)
- Unlock data-driven decision-making: we use hypothesis testing and metrics such as issuance and profitability to iterate and optimise our approach
Salary benchmarks
Our take
UK SMEs are the backbone of a complex economy that is constantly changing, so the need for fast and responsive access to finance is becoming more and more important to ensure their success and growth. iwoca allows SMEs access to business loans in less than a minute, with its API and business marketplace partnerships.
With offerings like iwoca's, gone are the days where waiting up to eight weeks for a loan decision was viable. Its simplified business loans of £1,000 - £500,000 come with no fees attached, and applying online takes no more than five minutes. The ready availability of iwoca loans gives business owners a level of certainty, so that they can make instant decisions to help their business grow.
iwoca has made a number of partnerships with other players in the business finance space, including an impressive industry-first invoice checkout integration with QuickBooks. Funding raised by the company, which is now operating at net profitability, will enable it to meet a recent surge in demand for corporate loans and offer more to larger SMB businesses. And the company has made several billion in funding available to over 100,000 businesses since launching, positioning itself as a leading European fintech.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Employee endorsements
Opportunities to learn
"Great opportunities available to learn from both individuals through shadowing, and teams through presentations and even secondment opportunities -..."
Funding (last 2 of 8 rounds)
Aug 2025
$15.9m
SERIES D
Aug 2019
$13.5m
GRANT
Total funding: $114m
Company benefits
- Work where you work best: Twice a year we rent houses in places like Sicily and the French Alps where each team can work together for a week poolside. We champion flexible working in all our teams
- Invest in iwoca: We want people to be invested in iwoca's success so after six months you'll be awarded share options
- Keep yourself healthy: We offer comprehensive health insurance and cash plans. You'll also get gym discounts and we host yoga classes in the office every week
- Start (and end) your day right: Each floor of iwoca HQ has a fully stocked fridge for breakfast and every Friday we unwind with beers and wine
- Life-work balance: We know your life outside of work comes first. We offer enhanced maternity and paternity leave for new parents plus a nursery benefit. We also have unlimited unpaid leave
- Learning and development: Whether you want to learn to code, experiment with motion design, or beat cognitive biases, you'll have time and budget to invest in your professional development
Company values
- Motivated: Going to work shouldn't feel like a slog, so we want everyone in the team to personally care about what they're working on. We stay motivated by celebrating our wins, learning from our mistakes, and always looking for new gaps to step into
- Smart: At iwoca being smart isn't about what you know, it's about how you think. Smart thinking means looking at each problem by asking ‘why’ first, then figuring out ‘how’
- Humble: We know all ideas are flawed, all code has bugs, and everyone makes mistakes - it’s how we learn. For us, being humble means you question yourself first, rather than your team
- Growth Mindset: We think there's always a better way to solve a problem. So we never let ourselves get comfortable with being good enough
Company HQ
Fitzrovia, London, UK
Articles
Leadership
Christoph Rieche
(Co-Founder & CEO)Previously spent 7 years at Goldman Sachs as a Vice President before co-founding iwoca in 2011.
Joost Versteeg
(CMO)Joost initially joined iwoca in 2017 as an Intern. Since then, they have held a number of roles, from Growth Analyst to Head of Commercial Strategy and became CMO in 2024.
People progressing
Serita joined as a Customer Onboarder, before moving into the Broker Team. Most recently they have been promoted to Partnership Manager.
Leo joined in 2018 as a Client Onboarder. Since then, they have worked in a number of roles and now serve as the Product Manager.
Jenny originally joined the Client Onboarding team and now leads the Customer Success department for the German business.
Diversity, Equity & Inclusion at iwoca
- We work hard to make iwoca a place where everyone feels welcome, where you can confidently be yourself. We understand that diversity isn't an optional add-on, it's the core ingredient of what makes us great.
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