Fig is a socially responsible lender focused on the 1/3rd of Americans who do not qualify for a traditional bank loan. We focus on redesigning the borrowing experience to be more transparent and efficient for both the borrower and Fig. Think plain English vs legalese fine print, scalable UI vs expensive call centers and predictive analytics vs FICO underwriting.
The team today comprises two co-founders and 4-6 contractors. We’ve been lending for 10 months and are fully licensed in Texas. We recently graduated from TechStars/Village Capital and closed a 1.5M (equity/debt) seed round. The co-founders met during school and have backgrounds in finance, risk and tech.
As our first dedicated engineering hire, you will be a core member of the team and have a tremendous impact on the product and trajectory of the platform. We’re looking for someone not only to add bandwidth, but also to one day build out/lead our development team.
– believes that finance can be used to improve the lives of a large number of Americans
– is a self-starter who can build and ship features, and is not afraid to take responsibility over major portions of code base
– takes extreme care for the architecture of the code as well as the user experience of the end product
– has experience in system administration, specifically PCI/DSS compliant backends
– has a cool portfolio of projects and a love of explaining them .
We would like to hire between September – October of this year. We are targeting 100-125K 1-2% in compensation. If you’re interested, please email: firstname.lastname@example.org
About Fig Loans
Fig offers small dollar bridge loans to borrowers who would otherwise resort to payday, title or pawn shop loans. Fig loans build credit and are designed to be repaid. Our mission is to help consumers transition into mainstream credit products.
Fig loans are 4-6 months, have flexible repayment plans and range from $100-$1000. In contrast to payday loans which charge on average ~600% APR, Fig loans are offered at 80% APR. As we build our loan database and scale, we ultimately aim to offer loans at credit card level rates. Fig achieves its lower rate by partnering with financial case coaches for business model innovation. Additionally, case coaches only refer borrowers they believe can repay the loan, thereby selecting higher quality borrowers. In return, Fig provides nonprofits an independent scalable solution that saves case counselors time, preserves precious non-profit funds, and contributes annual donations as part of Fig’s social impact charter.