Senior Software Engineer, ModernFi

Fullstack

Salary not provided

+ Equity

AWS
Python
Mid and Senior level
New York
ModernFi

Deposit management for financial institutions

Open for applications

ModernFi

Deposit management for financial institutions

1-20 employees

FintechB2BBankingFinancial ServicesSaaS

Open for applications

Salary not provided

+ Equity

AWS
Python
Mid and Senior level
New York

1-20 employees

FintechB2BBankingFinancial ServicesSaaS

Company mission

To increase the stability and performance of US financial institutions and the communities they serve.

Role

Who you are

  • Proven experience designing, building, and maintaining backend systems, with a strong understanding of software engineering principles
  • Tangible experience in independently designing, developing, and delivering high-quality, lasting code
  • Demonstrated ability to work effectively in a team environment, providing mentorship and contributing to shared goals
  • Comfortable working in a fast-paced environment with shifting priorities and ambiguity, maintaining positivity and focus
  • Ability to clearly explain technical concepts to both technical and non-technical audiences
  • 4+ years of experience in software engineering, with exposure to building systems in Python, AWS, or other modern technologies
  • Excited by the prospect of working on products that impact financial institutions and their communities
  • Trustworthy, empathetic, and calm under pressure

What the job involves

  • You will join a talented and collaborative team of engineers to design, build, and maintain critical systems that power ModernFi’s products
  • As a Senior Engineer, you will play a key role in developing scalable backend services, contributing to core engineering practices, and supporting the growth of a culture of excellence
  • You’ll have the opportunity to make a significant impact from day one, contributing to projects that drive ModernFi’s mission of empowering banks and credit unions to better serve their communities
  • Develop maintainable, scalable, and reliable backend services to support ModernFi’s core products and integrations with financial partners
  • Contribute to and uphold engineering standards such as code quality, testing, documentation, and CI/CD pipelines
  • Collaborate with cross-functional teams to understand feature requirements, define technical specifications, and deliver business-critical features
  • Work with other engineers by providing constructive feedback during code reviews and contributing to design discussions
  • Tackle challenging technical problems, delivering solutions that are both innovative and pragmatic
  • Help foster a culture of collaboration, learning, and technical excellence

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Company

Company benefits

  • Unlimited PTO
  • Premium health, dental, and vision insurance
  • Company equity

Funding (last 2 of 3 rounds)

Jan 2024

$18.7m

SERIES A

Feb 2023

$4.5m

SEED

Total funding: $27.7m

Our take

Rising interest rates and the recent collapse of prominent banks have triggered a mass exodus of deposits from smaller institutions. This "deposit runoff" has left community and regional banks scrambling to retain funds, impacting their growth and stability.

ModernFi offers an end-to-end deposit management platform to address this very issue. Its "deposit network" connects smaller banks with high-value depositors, facilitating deposit sourcing, automated fund sweeping, and enhanced security for depositors. This network acts as a lifeline for smaller banks, helping them attract and retain crucial funding.

Recent investment will fuel the company's expansion in several areas, with the ultimate goal of becoming a one-stop shop for bank CFOs, offering a comprehensive suite of solutions for managing the entire deposit lifecycle. With strong market demand and a clear roadmap for expansion, ModernFi appears well-positioned to navigate the shifting landscape of banking and become a vital resource for community and regional banks in the years to come.

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Kirsty

Company Specialist at Welcome to the Jungle