---
title: 'Backend Engineer at Monark Markets'
canonical: 'https://feeny.ai/job/backend-engineer-monark-markets-new-york-p9b43prnzf0y'
type: 'job'
last_seen: '2026-09-05'
---

# Backend Engineer at Monark Markets

- **Company:** Monark Markets
- **Location:** New York, NY
- **Compensation:** $140k–$180k
- **Employment:** full-time
- **Work type:** onsite
- **Posted:** 2026-02-11
- **Last confirmed live:** 2026-09-05
- **Apply:** https://jobs.gem.com/monark-markets/am9icG9zdDrxx-axvUn-rKXRvPewNqab

## Job description

Quick Facts

- Role: Backend Engineer
- Location: 5 days/week in NYC (Wall St office)
- Compensation: $140k - $180k + equity compensation

## About the Role

You'll be building the infrastructure that powers a new era of private market access. Monark's API infrastructure sits at the center of our ecosystem, connecting private markets to the platforms where millions of investors and advisors already manage their portfolios. As a Backend Engineer, you'll work to power that system, collaborating closely with the founding team to turn business requirements into world class technology. You'll also work directly with our partners, helping them integrate alts into their platforms, gathering feedback, and iterating quickly.

## About You

- You're an optimist with a bias toward action. No matter the challenge, your instinct is to look for solutions - fast.
- You're a self-starter who seeks out problems and ships high-quality solutions from scratch.
- You're willing to do whatever it takes, filling gaps, picking up context fast, and wearing multiple hats as we scale.
- You care about more than clean code. You seek to deeply understand our partners' needs and the broader business context behind everything we build.

## About Monark Markets

## Company Overview
- **One-liner**: Monark Markets builds API infrastructure that enables brokerages, wealth managers, and clearing firms to embed alternative assets (pre-IPO equity, private credit, real estate) directly into their existing platforms.
- **Entity Type**: Private (Series A – raised $8.1M in Feb 2026; total funding $16.7M)
- **Headquarters**: New York City, New York, United States
- **Founded**: 2021
- **Founders**: Ben Haber (CEO), Paul Davis (CPO)

## Core Business
- **Primary industry**: Financial Services – Private Market Infrastructure / Fintech
- **Target customers**: B2B – brokerage platforms, wealth management firms, clearing firms, and custodians
- **Mission or purpose**: Build the infrastructure layer for the next generation of alternative investing, powering access, automation, and transparency across every layer of the private markets.

## Products & Services
- **Private Market API Infrastructure**: An API-first platform that allows financial institutions to offer pre-IPO shares, private credit, real estate, and other alternative assets within their native user experience. No new accounts or complex workflows required.
- **SPV & Investment Offerings**: Enables partners like Webull to launch SPV investment offerings for eligible investors.
- **Omnibus Infrastructure**: Model portfolios and omnibus APIs to unlock private markets distribution at scale.

## Market Standing
- **Valuation**: Not publicly disclosed
- **Key Metric**: Total funding of $16.7M (latest round: $8.1M Series A led by F-Prime, Feb 2026)
- **Notable Investors/Partners**: F-Prime Capital, Garuda Ventures, Grit Capital Partners, Commerce Ventures, Treasury, BBAE; Partners include Webull, Altruist, Sydecar.
- **Growth Signals**: Headcount grew 66.7% YoY to 18 employees; launched partnerships with Webull (pre-IPO access) and Altruist (alternatives marketplace); acquired LEX Markets in 2023.

## Competitive Advantages
- **API-first infrastructure** designed specifically for embedded private market access – a niche that legacy alternatives platforms lack.
- **Deep regulatory and compliance expertise** (leadership includes former capital markets and compliance executives).
- **Omnibus and model portfolio capabilities** that simplify distribution for large brokerages and wealth platforms.
- **Existing integrations** with major players like Webull and Altruist provide network effects.

## Strategic Focus
- Expand distribution partnerships with top retail brokerage and wealth management platforms.
- Continue building out omnibus and reporting infrastructure to handle increasing scale and asset classes.
- Grow the engineering and product teams to accelerate product development and client implementations.

## Why Work Here
- **Culture**: Small, fast-growing team (18 people) with flat hierarchy and direct impact on product direction. Described as a B2B fintech startup focused on modernizing private markets.
- **Work environment**: In-office (OnSite) – employees work from physical offices in New York City (30 Wall Street, 8th Floor). Typical time on-site is full-time.
- **Notable perks/engineering culture**: Tech stack includes React, TypeScript, Figma, Linux; strong emphasis on infrastructure and API design. Leadership is hands-on and includes former engineers. Recent hires come from FactSet, Barclays, and other fintech firms.

## Sources
1. [jobs.gem.com](https://jobs.gem.com/monark-markets)
2. [monark-markets.com/about](https://monark-markets.com/about)
3. [linkedin.com/company/monark-markets](https://linkedin.com/company/monark-markets)
4. [builtin.com/company/monark-markets](https://builtin.com/company/monark-markets)
5. [cbinsights.com/company/monark-markets](https://www.cbinsights.com/company/monark-markets)

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