Scratch

Help people change their relationship with debt for the better.

26 - 50 employees

11 - 25 engineers

$10m - $25m funding

Series a

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Americans hold 13.5 trillion dollars in debt, but the experience of paying off that debt is terrible. Scratch is here to change that! We’re working with banks and lenders to manage the entire repayment lifecycle of a loan and to help borrowers understand, manage, and repay their loans. This is a massive ($60B/year) industry that is in desperate need of an overhaul.

Why join us?

Team: You’ll join tech nerds, D.C. regulatory wonks, and recovering Wall Street bankers. We’ve worked at top companies like Pinterest, Dropbox, Amazon, Affirm, and Google, and went to top universities such as MIT, Harvard, UC Berkeley, Stanford, and Carnegie Mellon. We’re quickly growing and plan to double our team this year.
Great investors — We’ve raised 18M from Index Ventures, Founders Fund, Ribbit Capital, JP Morgan and others. Partners who believe we can have a big impact in this antiquated industry.
Market Potential — Annual U.S. servicing revenue is ~$60 billion and the current loan servicers are multi-billion dollar companies. None of these companies are technology-leveraged though and there is a desperate need for a better solution
Mission & Culture — We’re a mission-driven company focused on how we can help the borrower. We believe in putting borrowers first and we’re here to make loan payment easier, more flexible, and truly transparent.
Growth: Both the company and the business are quickly growing! Our goal is to double the size of the company this year, and we’re growing our loan portfolio significantly month over month.

Engineering at Scratch

Technical Challenges

Scratch aims to bring the source of truth for trillions of dollars, which means we must take high-quality engineering seriously. It’s crucial we have accuracy and precision on non-trivial math down to seven decimal places with no data loss or security compromises.

Thus, we’re taking a novel approach with provable guarantees around data integrity, security, predictive analytics and machine learning, all with extreme durability requirements. To solve our accounting problem, for example, we’ve built our own computation model and distributed database from the ground up. If you’re an engineer that likes high-stakes, first principles engineering challenges, you’ll love Scratch.

Projects you might work on

A project you could work on is to scale Abacus - our time-series database system that allows users to maintain and manipulate multiple histories of any particular “key-value”. Abacus is the foundation of our unique approach to loan accounting system, which will let us service loans for a fraction of the cost compared to our competitors. It has strict requirements include strict consistency and correctness, isolation and full audibility. The most immediate milestone is to make Abacus a fully concurrent transactional system, and maintaining the correctness of our automatic resolvers for conflicting writers.
You can work on bringing data visualizations and new tools to our web applications that help borrowers understand and take control over their debt. This includes tools that helps borrowers understand how a loan works, how much interest their paying, and gives them the flexibility to make payments around their schedule.

We'll also soon be building out React Native mobile apps to bring these tools closer to the user.

Tech stack

PostgreSQL

Ruby

React

AWS

Sinatra

Docker

Kubernetes