---
title: 'Senior Backend Engineer (L5) - Banking at OpenFX'
canonical: 'https://feeny.ai/job/senior-backend-engineer-l5-banking-openfx-bengaluru-6rkeh4s50xrg'
type: 'job'
last_seen: '2026-09-04'
---

# Senior Backend Engineer (L5) - Banking at OpenFX

- **Company:** OpenFX
- **Location:** Bengaluru, India
- **Posted:** 2026-08-06
- **Last confirmed live:** 2026-09-04
- **Apply:** https://job-boards.greenhouse.io/openfx/jobs/5369494008

## Job description

## About Us

OpenFX is on a mission to move money as freely as data, unrestricted by time zones, banking hours, or legacy systems. We are building the infrastructure that will power the next generation of cross-border payment systems for institutions. The team's execution has been exceptional, and we're scaling at a remarkable pace. Our stellar early team comes with experience in companies like J.P. Morgan, Goldman Sachs, FalconX, PayPal, Affirm, Polygon, Kraken, Nium & others. We're backed by Accel, Lightspeed, NfX and other top-tier investors.

## Role Overview

We're hiring a Staff Software Engineer for our Banking team. This is the senior-most individual contributor role on the systems at the core of how OpenFX holds, moves, and accounts for money- ledgers, payouts, reconciliation, and settlement. It is a hands-on technical leadership role where correctness is non-negotiable and the cost of a defect is measured in real money.

You will report to an Engineering Manager and work closely with engineers, product, and other functions across the company. You will set the technical direction for the banking core, lead the hardest money-path problems, and raise the bar for how we build.

This role requires someone who has built and operated financial or other correctness-critical systems in production. If your experience is limited to systems where occasional data inconsistency is acceptable, or where you have not owned something end to end for a meaningful stretch, this will be a stretch.

## Key Responsibilities

- Own the technical direction for the banking core: ledgers, payouts, reconciliation, and settlement.
- Lead architecture reviews for new financial systems and high-risk changes where correctness and auditability matter most.
- Define and maintain the standards for money-handling code — idempotency, consistency guarantees, audit trails, and safe data migrations.
- Design and build shared banking foundations, and reduce the systemic technical debt that slows other teams down.
- Own the reliability and observability bar for money flows, and lead incident response when it matters.
- Mentor senior engineers and help set what great looks like when hiring.
- Partner across product, finance, compliance, and risk, translating technical trade-offs for non-engineering audiences.

## What We Are Looking For

Must-haves:

- Significant experience as a senior or staff-level backend engineer, with a track record of owning complex systems in production.
- Deep expertise in distributed systems and a strong grasp of reliability, performance, and scalability trade-offs.
- Sound judgment on correctness under failure — retries, idempotency, and safe handling of critical data.
- Excellent technical communication and the ability to lead initiatives across teams without formal authority.
- Fluency in a modern TypeScript / Node backend stack and cloud infrastructure.

What helps you stand out:

- Experience building or operating a production double-entry ledger.
- Experience with payout or payment systems — multi-rail, multi-currency, FX, and payment lifecycle modelling.
- Experience with durable workflow or orchestration engines for long-running processes.
- A strong observability practice on financial or other high-stakes flows.
- Prior experience at a fintech or financial services company navigating regulatory complexity.

What Success Looks Like

- The banking core — ledgers, payouts, reconciliation, and settlement — is correct, auditable, and resilient under failure.
- Architectural decisions hold up without fundamental rework within 12 to 18 months.
- Engineers across the team ship faster because of the shared foundations, standards, and tooling you've built.
- Money-path incidents are rare, detected early, and recoverable — not surprises discovered in reconciliation.
- You've raised the technical ceiling of banking engineering at OpenFX, not just delivered individual projects.

## What We Offer

- Competitive salary and benefits package.
- Equity in a rapidly growing company.
- Opportunity to work in a fast-paced startup at the forefront of fintech innovation.
- Opportunity to make a significant impact on global financial infrastructure.
- Collaborative work culture with emphasis on personal and professional growth.

We are committed to building a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

## About OpenFX

## Company Overview
- **One-liner**: OpenFX is building a modern, real-time settlement network that replaces outdated cross-border payment systems, enabling businesses to move money globally with 99% faster settlement and significantly lower costs.
- **Entity Type**: Private (Series A)
- **Headquarters**: Miami, Florida, United States
- **Founded**: 2024
- **Founders**: Prabhakar Reddy (Founder & CEO)

## Core Business
- **Primary industry/industries**: Financial Services, Cross-Border Payments, FX (Foreign Exchange) Infrastructure, Fintech
- **Target customers**: B2B; finance teams at enterprises and businesses of all sizes that need to move money across borders; companies needing embedded financial infrastructure.
- **Mission or purpose statement**: "Make money move as freely as data." The company aims to create an open, transparent, and accessible network where settlements occur in seconds, costs are reduced from percentage points to basis points, and trade execution is programmatic (via APIs) and available 24/7/365.

## Products & Services
- **Real-Time Settlement Network**: A proprietary platform that bridges previously isolated domestic payment networks and optimizes capital flows, bypassing the complex correspondent banking system. It delivers 24/7/365 operations, with most transactions settling in under 60 minutes.
- **FX & Treasury Management**: Seamless, low-cost FX liquidity available 24/7, with transparent pricing (0.01-0.3%) and zero hidden costs.
- **Embedded Financial Infrastructure**: APIs that allow companies to integrate global money movement directly into their own platforms.
- **Real-Time Tracking & Reporting**: Enhanced transparency with real-time tracking and detailed reporting for all transactions.

## Market Standing
- **Valuation**: Not publicly disclosed.
- **Key Metric - Total Funding**: **$117 million** across three rounds.
- **Funding History**:
    - **Series A (March 2026)**: $94 million, led by Accel with 8 investors.
    - **Venture Round (June 2025)**: $23 million, led by Accel with 6 investors.
    - **Seed Round (June 2024)**: Undisclosed amount with 1 investor.
- **Notable Investors/Partners**: **Accel** is the lead investor across all rounds. Other investors include a total of 8 in the Series A and 6 in the Venture Round.
- **Growth Signals**:
    - Processes **billions in annualized payment volume**.
    - Experienced rapid headcount growth of **+12.5% monthly** (currently ~50 employees).
    - Active job postings have grown **+30.8% monthly** (17 open roles).
    - Global team operating across North America, Europe, Middle East, and Asia (7 countries).
    - Team includes alumni from major fintech and finance firms like Affirm, Revolut, Coinbase, PayPal, Visa, Mastercard, JP Morgan, and Goldman Sachs.

## Competitive Advantages
- **Speed & Cost**: Claims to be 99% faster (most transactions settle in <60 mins vs. 2-7 days) and 80% cheaper than traditional FX and correspondent banking systems.
- **24/7/365 Operations**: The platform operates continuously, including weekends and holidays, unlike the traditional market which shuts down.
- **Proprietary Technology**: Built a new settlement infrastructure from the ground up to bypass the complex, multi-layered correspondent banking system, optimizing capital flows through proprietary routing technology.
- **Institutional-Grade Security**: 99.99% uptime and robust security measures.
- **Experienced Team**: Founded and staffed by serial entrepreneurs and experts from top-tier financial and technology companies.

## Strategic Focus
- **Global Expansion**: The company has regional heads for North America, Latin America, Europe, the Middle East, APAC, and Africa/India, indicating a strong focus on global market penetration.
- **Becoming the Digital Backbone**: By 2030, OpenFX envisions itself as the critical digital backbone of global finance, processing trillions through its settlement network.
- **Product Development**: Actively hiring for product roles focused on API, payments, currency expansion, and onboarding, signaling a push for product maturity and feature depth.
- **Compliance & Licensing**: Hiring for Heads of Compliance and Licensing in the Americas, UK, and UAE, indicating a strategic focus on regulatory compliance across key markets.

## Why Work Here
- **Culture & Values**: The company emphasizes "Velocity" (swift response, strategic speed), "Trust & Ownership" (autonomy, radical responsibility), and "Respect" (collaboration over ego). The mission is to "make money move as freely as data."
- **Remote/Hybrid/Office Policy**: The company has a global, distributed team with hubs in Miami (HQ), London, Dubai, Bengaluru, and other locations. Many roles are listed as "Remote (USA)" or "Remote (EMEA or APAC)", suggesting a flexible, remote-friendly culture.
- **Notable Perks & Engineering Culture**: The company is building infrastructure for the next century of global commerce. The engineering team is building a new settlement network from the ground up, offering a challenging and impactful technical environment. The team is composed of veterans from top tech and finance firms, providing a high-caliber peer group.
- **Growth Trajectory**: With $117M in funding, rapid headcount growth, and ambitious goals, OpenFX offers the opportunity to be part of a high-growth startup at a critical stage.
- **Diverse & Global Team**: The company has a strong international presence with teams across 7 countries, offering a diverse and global work environment.

## Sources
1. [openfx.com - Company Page](https://www.openfx.com/company)
2. [openfx.com - Careers Page](https://www.openfx.com/careers)
3. [openfx.com - Homepage](https://www.openfx.com/)
4. [Greenhouse - OpenFX Jobs](http://job-boards.greenhouse.io/openfx)
5. [LinkedIn - OpenFX Company Profile](https://www.linkedin.com/company/openfx)

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