IT Infrastructure Engineer at Fora Financial (New York, NY)

Fora Financial· New York, NY·2d ago

Job description

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Culture: Casual-yet-professional environment with a "family-like camaraderie"; core values include Innovation, Integrity, Collaboration, and Approachability
Work Model: Hybrid home/office model emphasizing work-life balance; some roles are fully remote (e.g., Strategic Partnerships Manager, VP of Data and AI, VP of Product)
Perks & Benefits:
- Competitive salaries, health/dental/vision insurance, 401k with matching, flexible spending accounts, gym reimbursement, generous time off
- Daily breakfasts and snacks, weekly catered lunches, relaxed dress code, happy hours in the "Chill Lounge", game room (NY), on-site fitness center (Miami)
Locations: Midtown New York (1385 Broadway) and Downtown Miami (333 SE Second Avenue) – both in vibrant, amenity-rich neighborhoods
Growth: Small team sizes promoting open communication; clear advancement opportunities; nearly 200 employees and growing

One-liner: Fora Financial provides fast, flexible working capital and financing solutions to small and mid-sized businesses across the United States.
Entity Type: Private (PE-backed; majority stake held by Palladium Equity Partners)
Headquarters: New York, NY (Midtown) and Miami, FL (Downtown) – dual headquarters.
Founded: 2008 (originally as Paramount Merchant Funding; rebranded to Fora Financial in 2015)
Founders: Jared Feldman (CEO) and Dan Smith (Co-Founder & Board Member)

Primary industry: Alternative small-business lending / Fintech
Target customers: Small and mid-sized businesses (SMBs) across 49 states (B2B)
Mission statement: "To provide funding to small businesses, so that they can grow and succeed."

Business Term Loan: Fixed-term financing up to $1.5 million with approval decisions in as little as 4 hours and terms up to 18 months.
Revenue Advance: A flexible advance based on future revenue with daily or weekly payments; no hard credit pull.
Line of Credit: Revolving credit facility for ongoing working capital needs.
Equipment Financing: Funding specifically for purchasing business equipment.
SBA Loan: Government-backed small business loans offered through partner network.

Valuation/Market Cap: Not publicly available (private company)
Key Metric: Over $5 billion in total capital provided to more than 55,000 small businesses since 2008 (as of latest 2024 update)
Notable Investors/Partners:
- Palladium Equity Partners (majority equity stake)
- Celtic Bank (strategic partnership for commercial financing)
- Multiple asset-backed securitizations (e.g., $130 million ABS in 2024) and revolving credit facilities (e.g., $200 million facility)
Growth Signals:
- Expanded to Miami with a new Downtown office in 2024
- 100% year-over-year growth since inception (historical claim)
- Headcount of nearly 200 employees, with active hiring in accounting, business development, risk/analytics, strategic partnerships, and technology
- Successfully completed SOC 2 Type II examination

Speed & Accessibility: Approval decisions in as little as 4 hours with funding within 24 hours; no hard credit pulls
Proven Track Record: Over $5 billion lent, 55,000+ businesses served, operating since 2008
Technology Platform: Proprietary platform for faster, more accurate lending decisions, especially for traditionally hard-to-fund applicants
Diverse Product Suite: Offers term loans, revenue advances, lines of credit, equipment financing, and SBA loans – covering most small-business capital needs
Capital Strength: Multiple securitizations and credit facilities demonstrate strong access to capital markets

Continued capital expansion through asset-backed securitizations and new credit facilities
Geographic diversification with a growing Miami presence alongside the New York headquarters
Technology modernization under CTO Michael Chiang, with open roles for VP of Data & AI and VP of Product
Partnership growth via strategic relationships like the Celtic Bank collaboration

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