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Melvin Philips

Staff Engineer
Lead Bank
Member since
19 Sep
Location
Redwood City
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Followed by John Sims, Martha Boyle and 5 others you follow

Bio

Melvin Philips is a Staff Engineer at Lead Bank, where he leads the financial platform team powering fintechs like Affirm, Ramp, Revolut, and Wise. With over a decade of engineering experience, he has been a early engineer scaling startups from millions to multi-billion valuations. His expertise spans fintech infrastructure, Banking-as-a-Service, payments, stablecoins, observability, and AWS cloud architecture. In addition to his work, Melvin contributes to open source projects, has spoken at industry conferences such as Fintech Devcon and AWS Community Day, serves as a technical scout for Ribbit Capital, and actively engages with the developer community through judging hackathons and advising on technology trends.

Experience

Staff Software Engineer
Lead Bank
Jul 2022 - Present
- Joined Lead Bank as a founding engineer and helped scale the team from 8 to 45 engineers. - Was part of Luna Financial group that acquired Lead Bank to expand banking and provide solutions for fintech Lead was last valued at 1.47B with investors like a16z (Andreessen Horowitz), Stripe, Khosla Ventures, Larry Fink, BlackRock CEO, and Larry Summers, former Treasury Secretary. - Started and led the development of Lead Bank’s 3rd vertical Cards & Deposits - Worked with CTO, head of product & PM to define the roadmap for this vertical - Leading a team of 7+ engineers and hiring to build out compliance infra for Cards & deposits - The team started in Jan of this year and launched in May 2024, and we are already projecting $30M+ in ARR - From Jan 2025, leading the loan processing engineering team that generates more than $50M+ in ARR
Senior Software Engineer
Bolt
Jun 2019 - Jul 2022
- Helped grow the team from 20 engineers to more than 220 engineers - SSO Commerce: > Co-Led the development of SSO which is a flagship offering for Bolt. > Built the core endpoints to power Oauth 2.0 and OpenID protocol > Tech lead for maintaining SSO, giving talks, and ramping up new engineers to develop more features. > Filed a patent for SSO commerce M&A: > The main point of technical contact for the acquisition of Tipser. Worked with CEO and other stakeholders in evaluating the technical competence of Tipsers products. > Developed a POC using Tipser libraries and APIs > This was later integrated into Bolt checkout and drives a huge portion of the business > One of the most tenured ICs at Bolt, thus helping review tech specs for projects throughout many teams at Bolt, being primary on-call during Thanksgiving 2020 and Cyber Monday
Member of Technical Staff
VMware
Mar 2017 - Jun 2019
- Led a team of 3 on a feature to Combine Versions into AppStacks as part of Simplified App Management. - Designed Auto Combine feature along with an algorithm to give VMware a competitive advantage over Citrix and Microsoft. Auto Combine saves storage by combining Versions based on common user assignment
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Melvin reads

  • Ayo's Blog
  • Fintech Takes

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