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4 Apr 2022

Full-Time Backend Engineer (Python)

iwoca – Posted by iwocatalent London, England, United Kingdom

Job Description


iwoca started in 2012 and was born out of the frustration that small businesses lack the access to finance they need to reach their potential. Our belief then was that technology must enable us to significantly shorten the archaic 8-week bank application process which more often than not results in a ‘no’. Nearly a decade later and we have served more than 50,000 businesses across the UK and Germany with more than £2 billion of finance. Our personal best from a business starting an application to money in the bank is 3m26s (faster than Mo Farah on 1,500 meters). It’s a good start, but it’s just the beginning.

Our mission is to finance 1 million businesses, so still, a long way to go.

Through the course of our journey, we have learned that

  • SME lending is a tech play at heart – processing applications from SMEs of all shapes and sizes is very complex, and the effective use of technology is essential for doing that at scale
  • Embedded finance is the future for SME lending – businesses won’t need to go to banks anymore. We’re increasingly reaching businesses by embedding our finance offering through API integrations into the SME ecosystem including online marketplaces, accountancy systems, or neobanks
  • Payments and credit are converging: Many businesses have cash-flow gaps because they receive money from their customers only way after having to pay their own bills. So we want to tackle the cashflow problem by offering loans, but also tackle the problem at its root by improving payment terms.
  • We must continuously innovate in order to meet more of our customers’ finance needs – we won the BCR which helped us launch iwocapay, and we’re soon launching a revenue-based loan. We’re constantly evaluating new opportunities, and finding new ways that we can meet the financing needs of more small businesses.

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.

About the role

At iwoca we are dedicated to building the smartest lending platform in the world as we believe that finance should be as simple, seamless and powerful as electricity. We like to use Agile(ish) processes, which means features or projects go live in days or weeks rather than months or years.

We run our Django-powered site on AWS, use asynchronous tools (Twisted, Celery) for time-consuming tasks and scientific libraries (numpy, scipy, pandas) for risk aspects. Application orchestration is done with Docker/Terraform/ECS and our monitoring is set up using DataDog/Sentry.

In this role, you’ll have the opportunity to learn lots on the job and develop rapidly within a high performing team of engineers.

We want to pay all of our employees fairly, so that’s why we regularly benchmark salaries based on market rates and to recognise your increasing value to our business. We are ideally looking to pay between £45,000 – £90,000 DOE for this role, this isn’t fixed so let us know in your application what you are looking for. We know there may be some candidates who may not fit within this salary range, if this is the case we would still love to hear from you.


We look for people that are smart, humble, motivated and who are always looking to improve. Ideally, you’ll have:

  • Very strong numerate background, e.g. Degree in Computer Science, Engineering, Mathematics, Physics or equivalent
  • A high technical aptitude and strong attention to detail
  • Experience programming in Python / Django (but we will definitely consider ambitious graduates looking to kickstart their career)
  • Self-starter with ability to work autonomously in an unstructured environment
  • Understanding of web technologies
  • Industry experience with full stack architecture
  • Relational databases (esp. PostgreSQL)
  • Willingness to learn!

Not required but would be great to see:

  • Typescript / React
  • Experience with Docker


What’s life like as an iwocan?

We all enjoy:

  • Bright, modern office spaces in London (Fitzrovia) & Leeds, and we support remote compatible working.
  • A calendar of both in-office and remote events week including Bingo, Comedy Nights, Escape Room challenges….
  • Two company retreats a year (in places like the French Alps or Spanish seaside).
  • Pool, ping pong, foosball tables and tournaments.
  • Virtual and in-office yoga classes every Tuesday and Thursday morning.
  • An ever-growing number of clubs including climbing, chess, football and boxing.
  • Plenty of drinks and snacks in our office kitchen.

Just for you:

  • Medical insurance from Vitality, including discounted gym membership.
  • We take your well being incredibly seriously, so you’ll have instant access to emotional and mental health support services via our partner Spill.
  • Share options.
  • Enhanced maternity and shared parental leave.
  • A workplace nursery tax benefit scheme. Save £££ on your nursery costs.
  • 25 days holiday per year and an extra day off on your birthday.
  • All the equipment you need to set up your home working space up.
  • Paid volunteering time for you to support your chosen charity.
  • Extra leave if you want to travel or study.
  • Special celebrations for anniversaries and long service including sabbatical.
  • Flexible working arrangements.
  • Cycle-to-work scheme.

And to make sure we all keep learning, we offer:

  • L&D budget including a book budget to encourage you to keep learning.
  • Tickets to tech conferences across Europe.
  • Company-wide talks with internal and external speakers.
  • A calendar of meetups we host at our office.
  • Access to learning platforms like Treehouse.

How to Apply

Please apply via:

Job Types: Full-Time.

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