Senior Backend Engineer
PrimeSalary not specified
- Full Time
- Senior (5 to 8 years)
About Prime
PrimeFT offers embedded financial solutions tailored for small businesses, including products like expansion capital, inventory financing, and term loans. Their services are integrated into the platforms that small businesses use, making financial access seamless. Unlike competitors, PrimeFT provides a full-service solution that allows partners to customize their financial offerings through white labeling or API integration. The company's goal is to create new revenue streams for partners while using data science and AI to ensure tailored financial solutions and improve loan approval rates.
New York City, New YorkHeadquarters
2021Year Founded
$47.7MTotal Funding
SEEDCompany Stage
Data & Analytics, Fintech, Financial ServicesIndustries
11-50Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Company Match
Unlimited Paid Time Off
Remote Work Options
Parental Leave
Professional Development Budget
Company Equity
Risks
Increased competition from fintech startups could dilute PrimeFT's market share.
Rising interest rates may reduce demand for PrimeFT's financing products.
Regulatory scrutiny could increase compliance costs and operational challenges for PrimeFT.
Differentiation
PrimeFT offers embedded financial solutions tailored for small businesses' diverse financing needs.
The company acts as an integration layer, supporting multiple financial service models.
PrimeFT uses AI and data science for precise credit risk management and underwriting.
Upsides
Embedded finance market projected to reach $7 trillion by 2030, boosting PrimeFT's growth.
API-driven services enable personalized solutions, aligning with PrimeFT's embedded finance strategy.
AI adoption in credit risk management enhances PrimeFT's underwriting accuracy and approval rates.
Funding
Total raised$47.66 M
Latest valuation$245.00 M
StageSEED
$49
$245.00 M