Full-Time

Head of Finance

Confirmed live in the last 24 hours

Bits

Bits

11-50 employees

Credit-building service with educational tools

Fintech
Financial Services

Senior

London, UK

On-site role from our office in Camden, London - 5 days a week.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Financial analysis
Requirements
  • 7+ years of experience in finance or accounting roles, with a significant portion in a leadership capacity.
  • Advanced degree in Finance, Accounting, Business Administration, or a related field.
  • Relevant certifications (e.g., CFA, CPA).
  • Proven track record of managing financial operations and driving financial growth in a fast-paced environment.
  • Strong analytical and problem-solving skills, with excellent knowledge of financial regulations and accounting principles.
  • Proficient in financial software and tools.
  • Excellent communication and interpersonal skills, with the ability to present complex financial information clearly.
  • Demonstrated ability to lead, mentor, and develop a high-performing finance team.
Responsibilities
  • Lead and manage the finance team, ensuring the smooth operation of all financial functions.
  • Oversee the preparation of budgets and forecasts, ensuring alignment with strategic goals.
  • Develop and present financial statements and reports to internal and external stakeholders.
  • Create and implement financial policies and procedures to ensure robust financial governance.
  • Ensure compliance with financial regulations and accounting principles.
  • Conduct detailed financial analysis to identify trends, provide insights, and support decision-making.
  • Work with cross-functional teams to support business decisions and provide financial guidance.
  • Manage relationships with investors, providing regular updates on financial performance and strategic initiatives.
  • Oversee revenue management, debt-facility management, and equity investor relations.

Bits helps individuals improve their credit scores through a straightforward and risk-free service. Users pay a monthly subscription fee to access credit-building tools that work with major credit bureaus like Experian, Equifax, and TransUnion, without incurring interest or late fees. The company stands out by focusing on transparency and user education, providing resources like videos and a score simulator. Bits aims to empower users to build their credit scores without hidden costs.

Company Stage

Seed

Total Funding

$288.9K

Headquarters

London, United Kingdom

Founded

2018

Growth & Insights
Headcount

6 month growth

147%

1 year growth

425%

2 year growth

200%
Simplify Jobs

Simplify's Take

What believers are saying

  • Bits has a growing user base of 300,000, indicating strong market demand and potential for further growth.
  • The recent R$1.8 million funding round will enhance their AI-driven technology, potentially improving user experience and expanding their service offerings.
  • By focusing on transparency and user education, Bits can build strong customer loyalty and differentiate itself in a complex market.

What critics are saying

  • The unregulated nature of Bits' credit products may deter some potential users who seek consumer protections.
  • Relying on subscription fees as the primary revenue source could limit financial flexibility and scalability.

What makes Bits unique

  • Bits offers a unique credit-building service without interest or late fees, unlike traditional credit products that often come with high costs.
  • The company does not perform hard credit checks, making it accessible to individuals with poor or no credit history, setting it apart from many competitors.
  • Bits' subscription-based model, combined with educational tools, provides a transparent and user-friendly approach to credit improvement.

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