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Levercon AI in Melbourne is building an AI-powered portfolio monitoring platform for investment firms. You’ll own the engineering to turn the MVP into a robust product, shaping architecture and directing technical decisions from problem to production.
You’ll work closely with the founders to integrate AI models, ensure security, and deliver reliable, scalable software that customers trust and rely on daily.
We started Levercon because we could see a gap between what AI could do for investment firms and what they were actually using it for. We embedded ourselves inside these firms to understand their work and find the problems worth solving.
Portfolio monitoring stood out quickly. Private lenders, including corporate credit, venture debt and revenue-based financing funds, spend huge amounts of time collecting borrower reports, working through financials and checking loan covenants. Much of that work is manual and repeated every month.
Our product automates that monitoring cycle, from collecting borrower reporting and mapping financial data to testing covenants and preparing monitoring packs. It works with a fund's existing tools and processes, giving analysts more time to investigate risks and make credit decisions. Users mostly work with it through MCP, and it also has a platform for the audit trail and data visualisations.
Each cycle builds a shared record of borrower performance, with an audit trail linking figures, calculations and decisions to their sources. Credit teams can verify the work, track changes over time and investigate emerging risks across the portfolio. Approvals keep them in control. We learned early that AI only gets adopted if people can trust it.
We're now talking to more design partners to extend the product across more complex portfolios and workflows.
We're Cara and Jake , second-time founders. We previously built the health and wellness app Steppen , which raised $2m and grew to around 450k users before being sold to a US-listed company in 2023.
After that, Cara joined Slice to lead product as the business grew to hundreds of thousands of customers and millions in revenue. Jake built and led Everlab's growth team, taking revenue from zero to over $50m ARR. We've come back together to build Levercon, and we're looking for a founding engineer to join us.
We're backed by Airtree and are also partly bootstrapping the business. We continue to consult broadly for investment firms on AI work where we see a clear return on investment. Alongside funding the business, that work helps us bring firms on as portfolio monitoring customers and identify other problems worth solving.
You'll work directly with both of us and own the engineering that takes our early MVP into a product funds can rely on every day. You'll help set the architecture and technical direction, from understanding a customer's problem through to shipping the product and fixing it when it breaks.
The technical challenges include
You'll sit in on sales calls and work directly with credit teams. Understanding where they lose time and what makes them trust an output is a critical part of the job.
Our current stack is TypeScript (Effect), Postgres and AWS.
You might be early in your career and already building well beyond what your experience suggests.
This role isn't for you if
You'll work closely with two founders who've built and sold a business together, with the opportunity to take on greater responsibility as Levercon grows.