The product backend team work primarily on creating backend services and APIs for our in-app user-facing features. They work closely with our mobile engineers and designers to create a delightful user experience, and to drive growth and retention. Projects that Product backend engineers have worked on recently include Summary (giving people insight into their finances to empower them to spend sensibly) and the Current Account Switch Service (all the hard work to allow users to move to Monzo quickly and easily).
The Lending team works on making borrowing money simple, fair and transparent. They've already shipped and scaled overdrafts to hundreds of thousands of Monzo customers and they've made it easy to take out a loan without the unfair fees or confusing pricing that you find elsewhere. They work on everything from the way borrowing works in the app, right down to how they move and account for money that our customers borrow. One of the most interesting problems they face is deciding how much to lend and to whom. The team believes that they can make access to credit fairer and more transparent.