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This Week in Fintech

💼 Fintech Jobs of the Week

Sr. Full Stack Software Engineer

ABOUT US Sydecar is on a mission to transform the world of private markets. Our goal is to make these markets more accessible, transparent, and liquid, and we’re achieving this by revolutionizing the way investment vehicles are created and executed. At Sydecar, we’re not just a platform; we’re a trusted partner in venture capital. We’re dedicated to simplifying and standardizing the private investing experience, empowering capital allocators to discover and support visionary entrepreneurs who are shaping the future. Our platform is designed with ease and efficiency in mind. We take care of all the behind-the-scenes tasks, from automating banking, ensuring compliance, handling contracts, managing taxes, to streamlining reporting. This leaves investors the freedom to concentrate on what matters most: making valuable deals and nurturing meaningful relationships. Join us at Sydecar, as we lead the charge in revolutionizing private investing. About the opportunity This is an exciting time to join Sydecar! We are seeking an experienced and skilled Senior Software Engineer (full stack) to join our team. As a senior member of our engineering department, you will be responsible for leading and guiding junior engineers while contributing to the design, development, and maintenance of our software applications. Our technology stack consists of JavaScript & TypeScript for the front end and back end, PostgreSQL for our database, and we are completely cloud based. This is a hybrid role that can be based in any of our offices (Seattle, New York, San Fransisco, Houston) with in-office attendance two days per week. What you’ll be doing - Design and build multi-part solutions to story tasks, taking into account risk mitigation and advanced testing processes, including building tests using React Testing Library and Playwright. - Collaborate with cross-functional teams, including product management, quality assurance, and technical support to deliver high-quality software products. - Lead and mentor junior engineers in the design, development, and testing of software applications. - Participate in code reviews and provide constructive feedback to ensure adherence to coding standards and best practices. - Stay up-to-date with industry trends and emerging technologies, applying this knowledge to improve our software development processes and products. What we’re looking for - At least 5 years of experience as a software engineer, with a strong focus on programming languages such JavaScript & TypeScript. - Experience working with React. - Experience working with Nest.js and Prisma. - Experience writing unit and E2E tests. - Proven track record of delivering high-quality software products on time and within budget. - Excellent communication and leadership skills, with the ability to effectively collaborate with colleagues and guide junior engineers. - Strong analytical and problem-solving skills, with the ability to debug complex issues and develop creative solutions. Bonus if you have - Bachelor’s or Master’s degree in Computer Science, Software Engineering, or a related field. - Experience with Agile development methodologies and version control systems such as Git. - Knowledge of cloud-based technologies such as GCP. - Familiarity with DevOps practices and tools such as Jenkins or Docker. - Prior experience working in FinTech. You’ll enjoy these benefits - Competitive Salary - Generous Medical, Dental, & Vision - Equity - Bonus Plan - Exceptional 401k Plan - PTO - Parental Leave for All Employees - Life Insurance Sydecar is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Sydecar are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Sydecar will not tolerate discrimination or harassment based on any of these characteristics. Sydecar encourages applicants of all ages.

Customer Experience Associate

ABOUT US Sydecar is on a mission to transform the world of private markets. Our goal is to make these markets more accessible, transparent, and liquid, and we’re achieving this by revolutionizing the way investment vehicles are created and executed. At Sydecar, we’re not just a platform; we’re a trusted partner in venture capital. We’re dedicated to simplifying and standardizing the private investing experience, empowering capital allocators to discover and support visionary entrepreneurs who are shaping the future. Our platform is designed with ease and efficiency in mind. We take care of all the behind-the-scenes tasks, from automating banking, ensuring compliance, handling contracts, managing taxes, to streamlining reporting. This leaves investors the freedom to concentrate on what matters most: making valuable deals and nurturing meaningful relationships. Join us at Sydecar, as we lead the charge in revolutionizing private investing. ABOUT THE TEAM The Customer Experience team at Sydecar helps our customers get where they need to go. As the primary contact for all of our customers and their investors, the team works daily to resolve customer support cases, provide feedback for new product solutions, and manage an SPV or Fund from formation to closing, and beyond. ABOUT THE OPPORTUNITY Customer Experience Associates are Sydecar’s ambassadors to our Fund Managers and their Investors– a crucial role for both product discovery and customer experience. The ideal candidate has an interest in alternative investing and is an excellent communicator with a strong desire to help others solve problems, no matter how big or how small. Each associate will gain a deep understanding of SPVs (Special Purpose Vehicles), the current alternative investing landscape, and the process behind building and iterating upon a Financial Technology product. This is a hybrid role that can be based in any of our offices (Seattle, New York, San Fransisco, Houston) with in-office attendance two days per week. WHAT YOU’LL DO - Respond to customer support inquiries to ensure a delightful experience - Identify product and process improvements that will shape the future of our product and workflow - Liaise with senior members of the team, as well as our Legal, Tax, and Product teams to answer customer questions and educate first-time Deal Organizers via our support inbox - Develop an expert knowledge of our product, our customers, and our industry - Support customer-facing projects and product discovery WHAT WE’RE LOOKING FOR - 2-4 years of experience working in a customer support or operations role preferably at a software company - Intermediate knowledge of venture investing or related fields (requirement) - Excellent and professional written and verbal communication skills - Attention to detail and ability to manage many tasks at once without dropping the ball - Passion for customer service and creating positive experiences - Ability to effectively evaluate problems and propose sensible, scalable solutions - Process driven and highly organized, with an eye for process/product improvement - Detail oriented BONUS IF YOU HAVE - Experience working in a customer support role in FinTech or alternative investments industries - Fund accounting knowledge YOU’LL ENJOY THESE BENEFITS - Competitive Salary - Generous Medical, dental, & vision - Equity - Bonus Plan - Exceptional 401k Plan - PTO - Parental Leave for All Employees - Life Insurance Sydecar is committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment. All employment decisions at Sydecar are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Sydecar will not tolerate discrimination or harassment based on any of these characteristics. Sydecar encourages applicants of all ages.

💬 Chart of the Week

🏦 Financial Services & Banking

🚀 Product Launches

Lloyds Bank launched "Link Pay," a feature enabling mobile app users to request payments via link or QR code, allowing secure transactions without sharing bank details. Each request is capped at £150, with a £500 daily limit.

Citi introduced "Citi Digital Bill," a digital solution for trade receivable finance that improves transaction speed, transparency, and security by eliminating paper-based processes.

Mastercard debuted a GenAI assistant for onboarding, built with DataBricks. It uses AI to streamline onboarding and enhance user interactions by retrieving and contextualizing relevant information, with expert feedback for continuous learning.

📰 Other News

Private credit and traditional bank debt are increasingly intersecting, as private funds and banks seek overlapping clients and structures, raising regulatory questions and changing industry dynamics.

JPMorgan Chase introduced a branch model specifically targeting affluent clients. This "flagship" branch provides personalized banking services and wealth management advice, designed to elevate client experience in a high-end setting. The bank also filed lawsuits against several customers who allegedly manipulated a TikTok-driven banking glitch to gain unauthorized funds, highlighting new risks in digital banking.

Visa introduced AI-based cybersecurity tools to better detect fraud and enhance security for online transactions, aiming to bolster trust and protection across its payments ecosystem. Mastercard is enhancing its Accelerate platform to streamline support for fintechs launching card programs.

BBVA Asset Management is trialing a tokenized short-term fixed-income fund using blockchain for digital ledger management

Norway’s push towards a cashless economy faces delays as new regulations mandate that businesses offer cash payment options, slowing the country’s transition to digital-only transactions. But Sweden and Denmark are collaborating on a real-time cross-currency payment solution, which will utilize TARGET Instant Payment Settlement (TIPS) to streamline cross-border transactions.

Central 1 is closing its digital banking unit, focusing instead on core financial services after reassessing the sustainability of digital banking offerings amid industry changes, and Santander is restructuring its UK operations and eliminating 1,400 jobs.

💻 Fintech

🚀 Product Launches

Nubank Launches NuCel Mobile Service: Nubank introduces NuCel, a mobile phone service with flexible, no-commitment plans and exclusive benefits for its Brazilian customers, including 5G connectivity and integrated savings options. The service aims to simplify telecom services and is currently available for eSIM-compatible devices. Link

Marqeta Unveils Marqeta Flex for BNPL Integration: Marqeta announces Marqeta Flex, a customizable BNPL solution allowing fintechs to embed payment options in apps and enhance the checkout experience. Link

Metamask Adds Mesh Onboarding: Crypto wallet provider Metamask enabled users to buy crypto directly from their exchange accounts using connectivity provider Mesh for onboarding. Link Mesh also partnered with Shift4 to roll out its crypto onboarding to the payment provider's 200,000 merchants. Link

Klarna Introduces BNPL Gift Card Store in the UK: Klarna launches a gift card store supporting BNPL for UK customers, offering flexible payment options across major retail brands. Link

MoneyLion Debuts MoneyLion Checkout for E-Commerce: MoneyLion introduces MoneyLion Checkout, a new service integrating BNPL with its e-commerce platform to streamline online purchases for customers. Link

FusionIQ Releases Wealth Management for Digital Wallets: FusionIQ unveils a wealth management tool aimed at digital wallet providers, enabling advanced financial advisory and management for digital assets. Link

MatterFi Launches AI Agent for Decentralized Payments: MatterFi releases a decentralized AI-driven agent to facilitate secure cryptocurrency payments, leveraging privacy-focused artificial intelligence for transactions. Link

NVIDIA Launches AI Workflow for Fraud Detection: NVIDIA introduces an AI workflow on AWS that enables financial institutions to detect credit card fraud more accurately and reduce false positives, leveraging accelerated data processing and machine learning algorithms. Link

DailyPay Expands with International Remittance Capability: DailyPay adds an international remittance feature, allowing employees to send earnings to family abroad directly, aligning with global wage access trends. Link

FV Bank Debuts VISA Debit and Corporate Expense Cards: FV Bank launches VISA debit and corporate expense cards, enhancing financial control for corporate clients with streamlined expense management tools. Link

Experian Introduces GenAI Solution for Modeling Lifecycle: Experian unveils a Generative AI tool to accelerate the lifecycle of financial models, aimed at improving efficiency and predictive accuracy in risk management. Link

Extend Launches Bill Pay for Invoice Payments: Extend introduces a new bill pay feature for businesses to manage invoice payments more efficiently, providing enhanced control over payments and expenses. Link

Lunar Introduces GenAI Voice Assistant: Lunar, a digital bank, rolls out a generative AI-powered voice assistant, making financial services more accessible through conversational AI. Link

Getnet Launches E-Commerce Payments in Latin America: Getnet launches a payment solution supporting e-commerce growth in Brazil, Argentina, Mexico, and Chile, boosting payment options for regional merchants. Link

Finzly Launches FedNow Service on AWS: Finzly integrates its FedNow service into AWS Marketplace, allowing banks to enable real-time payments with added scalability and flexibility. Link

Software pricing models are moving from seats to usage with the proliferation of AI – don't get left behind. Metronome is a usage-based billing platform built to help companies launch and iterate pricing faster, give customers better control over spending, and drive strategic decisions with real-time insights. Learn about our new product, or sign up for our webinar to see it in action.

Want to sponsor a newsletter? See our sponsorship information here.

📰 Other News

Upflow Expands to Manage B2B Payments: Upflow broadened its focus from cash collection to handling B2B payments, helping companies centralize financial workflows and automate transactions. Link

Klarna Overtakes Revolut as Top Fintech Founder Factory: Klarna surpasseed Revolut as Europe’s leading fintech founder incubator, with over 62 startups launched by former employees. Link

AFIN and Thought Machine Launch Digital Bank for Africans in UK: AFIN collaborated with Thought Machine to introduce a UK-based digital bank, catering to Africans with tailored banking solutions. Link

Kalshi Launches Prediction Market on U.S. Presidential Election: Kalshi, a regulated prediction market, unveiled a platform allowing users to speculate on 2024 U.S. presidential election outcomes. Link

🤝 Partnership Corner

AWS and Plaid Promoted Open Banking: The two joined forces on 'pay by bank' in the US following the Consumer Financial Protection Bureau’s recent Rule 1033, which addresses liability and compliance for banking and fintech sectors. Link

👎 The Bad News

Credit Bureaus Cut Off TomoCredit's Reporting Access: Experian, TransUnion, and Equifax blocked TomoCredit’s access to credit reporting services, allegedly due to concerns over the startup's data handling practices. Link

FCA Fined Wise CEO Käärmann £350,000 for Conduct Breach: The FCA penalized Wise CEO Kristo Käärmann for failing to promptly disclose his personal tax default to regulators, citing a lack of transparency expected of senior managers. Link

Solo Funds Faced Class Action Lawsuit Over Lending Practices: Lending startup Solo Funds encountered a class-action lawsuit, with plaintiffs alleging the platform charged unlawful interest rates through its peer-to-peer lending model. Link

Triodos Bank UK CEO Announced Resignation: Bevis Watts, CEO of Triodos Bank UK, announced his resignation, stating he will leave the ethical banking organization after seven years of leadership. Link

Federal Investigators Probed Tether's Operations: U.S. authorities began investigating Tether, focusing on potential irregularities in its financial disclosures and reserves, amid growing scrutiny of the stablecoin sector. Link

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