Senior Backend Engineer, iwoca
Ledger Platform
£80-110k
+ An employee equity incentive scheme
Online loans for small businesses
Open for applications
Online loans for small businesses
201-500 employees
Open for applications
£80-110k
+ An employee equity incentive scheme
201-500 employees
Company mission
To fund one million small businesses.
Role
Who you are
- Extensive back-end engineering experience
- Experience building and running microservices and distributed systems in production. Comfortable reasoning about durable cross-service communication, transactional correctness, and failure modes at scale
- Extensive experience with relational databases, ideally PostgreSQL, but open to MySQL or similar (e.g., MS SQL, Oracle); emphasis is on data integrity
- Experience with systems where correctness is a hard requirement — ledgers, accounting, billing or payments, ideally in a regulated setting — including the invariants, immutable audit trails and reconciliation controls that enforce it
- Experience leading a feature or project end to end — scoping, design, delivery, and running it in production
- You use AI (like Cursor, Claude Code or similar) in your daily flow - whether for work or for fun. You use it to blast through boilerplate and research, so you can focus on the hard parts: complex architecture, rigour, and high-stakes decision-making
- A strong technical or mathematical foundation, evidenced by a degree in a quantitative field (Computer Science, Engineering, Physics, Maths or similar) or equivalent professional experience
- You work well as a peer: pairing on hard problems, giving useful code review, and unblocking teammates day-to-day
- Clear written and verbal communication — you can explain a technical trade-off to Finance, and a business constraint back to engineers
Desirable
- A background in high-logic or high-scale fields like Fintech, Gaming, Healthcare Tech, Logistics, Security/Cryptography or similar
- Working knowledge of modern data tooling - ideally Snowflake and dbt - used to build analytical or reporting pipelines
- Knowledge of messaging frameworks and event-driven patterns (e.g. Kafka)
What the job involves
- This role is a chance to tackle complex, high-impact challenges at the heart of our fintech platform
- You will join the team that owns iwoca's ledger — the system of record for the money we lend and collect — and you will be responsible for scaling it across the full lifecycle of our credit card and lending products, building the reconciliation and reporting that prove it correct, and laying the foundations for our next generation of products
- This is a hands-on role: you'll design these systems, write the code, and own them in production
- The Ledger Platform team owns the ledger across all of iwoca's products, from credit cards to our lending range, plus everything around it: reconciliation, financial reporting, and the data Finance, Accounting and Capital Markets run on
- We work closely with a Product Manager, shipping frequently and owning our systems in production
- Lead the delivery of projects involving many stakeholders and systems
- Go beyond the code to develop deep expertise in our domain — our core financial products and our stakeholders' needs — and become a trusted technical advisor to the business
- Perform detailed technical scoping and prototyping to support feasibility testing and decision making
- Architect and implement scalable solutions for complex challenges: the lifecycle of an account, interest and repayment allocation, reconciliation, and how financial data reaches our reporting stack
- Use domain modelling to find the simple design behind a complicated problem, and structure software so that it is easy to understand, test and evolve
- Be pragmatic about which parts of a problem actually need solving now. The hardest work here is deciding what not to build
- Build solutions that avoid single points of failure, and make sure our releases happen with zero downtime
- Translate ambiguous product requirements into clear, actionable technical plans that guide the team's work
- Promptly investigate and fix live issues, and ensure they do not resurface. Own what you ship in production and keep it reliable and easy to operate
- Contribute high-quality, production-ready code and foster a collaborative environment by reviewing work and writing useful documentation
- Work with the team to improve our development and agile practices and raise our engineering standards
- Share new approaches and tooling with the wider engineering group through our internal forums and company-wide talks
- We're pushing hard on AI-assisted development. Engineers here write clear technical specs, let skills and agents implement boiler-plate, and hold a high bar on code review — the person, not the model, is accountable for what merges. We expect AI output to be validated for correctness, performance and security like any other change
- We give the team unlimited tokens across all models and expect people to experimen
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
Funding (last 2 of 8 rounds)
Aug 2025
$16m
SERIES D
Aug 2019
$13.6m
GRANT
Total funding: $114.5m
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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