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Location

Bangalore | India

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Job description

Software Engineer (Backend)

Location: Bangalore

Reporting Line: Head of Engineering

• At WeRize we are building India's largest financial services brand for the 500 Mn lower middle-income customers in 4000+ small cities (which we call 'India 4'). This customer segment has very little penetration of formal loans, insurance or saving products as existing financial service players see this segment as risky and non-profitable. We have created custom lending, insurance and saving products that are tailor-made to serve the needs of India-4 customers.
• To reach these customers at low CAC, we have built a proprietary tech enabled offlineto-online social distribution channel where we have onboarded thousands of financially literate free-lancers such as LIC agents and junior financial sector employees in 1000+ cities. Our fully automated social partner app is available in 6 Indian languages and helps us manage these partners remotely without any physical presence.
• The general perception is that this customer segment is highly risky and non-lendable. We are happy to share that we have been able to maintain near 0% default rates despite Covid19 . Our proprietary ML based family underwriting where we evaluate the P&L of the family and give a joint liability family loan has helped us maintain these low default rates.
• We have achieved Operational profitability and are on-track to reach EBITDA+ by end of 2021

Fund Raise Funds Raised: $10.25 million

Stage: Series A

Investors

• Kalaari Capital (Indian VC with $850MN AUM and investments such as Myntra, CureFit, Dream11, ElasticRun)
• Picus Capital Our investors valued the founding team's vision, experience, and depth of understanding of this segment resulting in this fund raise (Fund run by Alexander Samwer- Co-Founder of Rocket Internet that had multiple billion Dollar + exits/IPOs - Lazada, Jumia, DeliveryHero)
• 3one4 Capital (Early-Stage Fund with $250Mn AUM and companies such as Bank.Open , Licious , Jupiter Neobank in its portfolio)
• Orios Ventures (Early-stage fund with companies like Ola, Pharmeasy and Go Mechanic in its portfolio)

Leadership Team

Vishal Chopra, Co-Founder & CEO: - Ex-CBO Lendingkart – India's largest Fintech Lender ($150Mn+ fund raise) - Fist hire of Amazon India - part of the leadership team that launched Amazon.in - Regional Director, Souq.com - largest e-commerce player in the Middle East. Raised $425Mn, acquired by Amazon - MBA, ISB Hyderabad

Himanshu Gupta, Co-Founder & COO: - Ex-VP and Head of Data Science, Lendingkart – created AI/ML models and maintained NPAs 2% vs 8% industry avg - Data Scientist, IHS Markit - BTech, IIT Delhi - 10+ years' experience in AI/ML

Founding Team

Head of Collections: South India Head-Collections, Bajaj Finance; managed 800-member team

Head of Product: BTech, IIT Kanpur; Product Leader at Lendingkart and Flipkart

Head of Technology: Btech CS, IIT Kanpur; Tech Leader at Paytm and Medlife

Head of Business: Operations Leader, Lendingkart

Head of Credit Ops: Regional Head

HDB Role Description

• We are looking for a passionate individual contributor to join us as part of core engineering team and help us in building our products and platform from scratch. The potential candidate would be part of a strong tech team to help us disrupt the Indian consumer fintech space.
• You will be responsible for the full product lifecycle including requirements analysis, design, implementation, testing, deployment and post-deployment monitoring. Basic Qualification
• 1-6 years of strong individual contributor experience as a software engineer
• Strong knowledge of object-oriented programming concepts
• BS/MS or higher degree in computer science, computer engineering, or related work experience
• Knowledge of data structures/algorithms and an understanding of design tradeoffs
• Strong knowledge in Java and experience with Spring Framework

Following are some of the attributes we are looking for:

• Experience of working with large and cutting-edge internet startups and firms
• Excellent communication skills in both written and verbal communication
• A strong desire to break the code and find hidden bugs before customers find them in production
• Strong sense of ownership, solid work ethic and a responsible team player What's on offer
• Opportunity to be part of the core engineering team of a promising startup solving one of the biggest business opportunities in India
• Unique opportunity in building a fintech business from scratch using most of the related technologies and integration with major players
• Opportunity to experiment with latest technologies and develop full-fledged product using them
• Stock options
• Competitive salary

Skills: sprinboot,java

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