Data Science and Machine Learning Internship (April 2021)

Salary Unpaid

We are currently seeking an ambitious and skilled Data Science Intern to support our investment decision and analytics team. The internship will revolve around developing and maintaining methods to forecast product demand for webstores in MXNEY’s portfolio which will inform and impact our overall investment strategies.

MXNEY is a new way of funding e-commerce websites. Unlike traditional lenders, we do not take equity or interest payments for provided capital. Instead, we buy existing inventory upfront and sell it back once an order has been placed by the end consumer, thereby increasing liquidity for online shops if our analysis reveals a match. MXNEY was founded in Denmark back in March 2020. It has subsequently expanded to both Sweden and Norway and has now invested in more than 55 companies.

As a Data Science Intern, you will be an essential part of further developing our sales forecasting and Investment screening processes which lie at the core of our investment decisions and our company’s ultimate growth. Your duties will include:  

  • Compiling, streamlining and preparing both internal and publicly available data, 

  • Develop, test and validate trend analyses and sales forecasting models for e-commerce shops.

    •  These may include time-series analyses such as ARIMA or exponential smoothing or Machine Learning approaches to forecasting such as Prophet or XGBoost.

Furthermore, you will need to communicate with internal stakeholders to gather relevant insights regarding inputs into the forecasting models. Lastly, you will also have the opportunity to perform ad-hoc operational analysis regarding target group optimization or impact analyses to support new business initiatives. 

The position is a full-time 3-month unpaid internship, but with the opportunity for a paid job afterwards.

You are

You must have studied or had experience in Data Science, Statistics, Engineering, Economics or similar. We would like you to have good communication skills and some familiarity with e-commerce and web stores as a whole. You must have experience in processing large datasets and have previous knowledge of time series forecasting methods in the context of business sales as well as a good understanding of Machine Learning approaches relevant for sales forecasting. It is also required that you have significant programming skills (Python, SQL). Finally, you will need an exceptional command of excel or similar spreadsheet programs.

At MXNEY we enjoy being ambitious and strive to be the best in all areas. At the same time, we always aim to deliver the best possible quality for both our employers and customers. Therefore, you must be diligent and reliable whilst working with the ability to prioritize tasks. We want to be proud of everything we do together and of the attitude we bring while doing it.

We do not believe in entitlement. So you must be proactive with your work, even when things do not go as expected. We believe in the will and the ability to be adaptable, and to seize the opportunity! We believe in the power of discipline, responsibility and precision. We focus on people who are always striving to do their best and those who are always willing to learn and develop as we embrace the challenges of startup life.

We will be looking forward to your application!

For more information or questions please contact us at or phone number +45 28783239

Perks and benefits

This job comes with several perks and benefits

Free coffee / tea
Free coffee / tea

Get your caffeine fix to get you started and keep you going.

Near public transit
Near public transit

Easy access and treehugger friendly workplace.

Social gatherings
Social gatherings

Social gatherings and games; hang out with your colleagues.

Free friday beers
Free friday beers

Friday is something special, let's enjoy a beer together.

Skill development
Skill development

We want to take you from good to great.

Free office snacks
Free office snacks

Peckish after lunch? We got your back with soft drinks, treats and fruit.

See all 8 benefits

Working at

We fund the inventory and marketing for e-commerce businesses. But we don’t ask for equity, interest or security. Our product investment program is created specifically for e-commerce businesses and helps fund the inventory and marketing to scale online businesses rapidly without asking for equity, interest or security. We only invest in online businesses where we truly believe that we will have a significant impact on their future sales and growth. Our focus at MXNEY is to boost online sales growth by providing funds for online businesses buy purchasing existing inventory and thus increasing liquidity to boost the business’ digital advertising to grow online revenue. You can visit our webpage for more information.

Read more about MXNEY

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