Full-Time
Non-Executive Director
ACE Money Transfer
201-500 employees
Facilitates international remittances via online platform
No salary listed
Manchester, UK
In Person
 Accounting |
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- Candidates should hold a recognised professional accounting or finance qualification, such as an ACA (ICAEW), ACCA or CFA, or possess equivalent senior finance leadership experience.
- Candidates should have significant experience as a Chief Financial Officer, Finance Director, senior audit, or senior banking or financial services professional, typically comprising a minimum of five to eight years in such a role.
- Candidates should have a strong understanding of financial reporting standards under UK GAAP and IFRS, internal controls, and audit processes.
- Candidates should have prior Board or Audit Committee experience, ideally gained within a regulated financial services or payments business.
- Candidates should be familiar with the regulatory requirements of the Financial Conduct Authority, including safeguarding rules and the capital and liquidity obligations applicable to payment and electronic money institutions.
- Candidates should demonstrate sound commercial judgement, confidence to challenge constructively, and the ability to hold management to account.
- Candidates must have the highest personal integrity and be able to satisfy the UK fit and proper person test.
- Candidates may be required to obtain pre-approval by the Financial Conduct Authority as a Senior Manager under the Senior Managers and Certification Regime, including designation as a Senior Management Function holder, where applicable.
- Provide independent oversight of and constructive challenge on the Group's financial strategy, performance, and reporting at Board level.
- Oversee the integrity of the Group's financial statements, the effectiveness of the external audit process, and the adequacy of the Group's financial controls through Audit Committee service.
- Scrutinise management's financial performance against budget, forecast, and strategic plan, and hold the Executive team to account accordingly.
- Support the Board in evaluating major transactions, investments, and financial commitments, including acquisitions and entry into new markets.
- Bring financial expertise to Board discussions on funding strategy, treasury management, and regulatory capital requirements.
- Work collaboratively with the Chair, fellow Board members, and Executive Directors to promote the long-term, sustainable success of the Group.
- Uphold the standards of governance, integrity, and independence expected of a Non-Executive Director.
- Serve on any further Board committee agreed with the Chair, having regard to the Group's governance requirements and the candidate's expertise.
- Prior experience within the money transfer, payments, fintech, or cross-border remittance sector.
- Experience of multi-entity or international group structures spanning several regulatory jurisdictions.
- Existing Non-Executive Director or Committee Chair experience within a Financial Conduct Authority-regulated firm.
ACE Money Transfer is a UK-based fintech that helps people send money internationally. Users can transfer to over 100 countries via its website or mobile app, funding transfers with debit/credit cards, Google Pay, or Apple Pay, and recipients can receive funds by bank deposit, cash pickup at over 375,000 locations, or mobile wallets. It earns revenue from transfer fees and currency exchange margins and evolved from physical branches and fax workflows to a fully online service after the COVID-19 pandemic, with oversight from the FCA and regulators in Australia and Canada. Its goal is to provide reliable, accessible remittance services with clear fees and multiple payout options that connect migrants to their communities.
Company Size
201-500
Company Stage
N/A
Total Funding
N/A
Headquarters
Warrington, United Kingdom
Founded
2002
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Simplify's Take
What believers are saying
- May 2026 Ireland profitability proves regulated European expansion already works.
- ACE says 1.3 million customers now use its cross-border platform.
- Visa AFTs and payout partnerships reduce friction, supporting higher repeat transaction volume.
What critics are saying
- Remitly, Wise, and MoneyGram crush ACE on brand, pricing, and distribution.
- Any FCA, CBI, AUSTRAC, or FINTRAC enforcement would freeze growth corridors immediately.
- Pakistan corridor concentration leaves ACE exposed if bank partners or rules tighten.
What makes ACE Money Transfer unique
- FCA, AUSTRAC, and FINTRAC approvals let ACE serve UK, Australia, and Canada legally.
- June 2026 PNB and March 2026 Askari Bank deals deepen Pakistan payout reach.
- July 2026 Visa collaboration improves account-funding speed across ACE's remittance rails.
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Benefits
Remote Work Options
Company News
Payfuture and ACE Money Transfer strengthen cross-border payment services through strategic partnership. * Payments * 09.06.2026 09:47 am Payfuture, the global payments company building financial infrastructure in emerging markets, today announced a strategic partnership with ACE Money Transfer, one of the UK's most established remittance providers, serving more than 1.3 million customers across UK, Europe, Australia, and Canada. As part of its ongoing efforts to support leading remittance providers in delivering seamless cross-border payment experiences, Payfuture has partnered with ACE Money Transfer to enhance payout services across key remittance markets. The collaboration reflects a shared commitment to improving service reliability, operational efficiency, and the overall customer experience. The partnership supports ACE Money Transfer's growing customer base, many of whom rely on remittance services to support family members and loved ones abroad. As demand for fast, reliable, and convenient international money transfers continues to increase, strategic collaborations between payment providers and remittance companies play an important role in delivering a consistent and trusted customer experience. For ACE Money Transfer customers who regularly send money to support family members and loved ones abroad, reliability and efficiency are essential. Through this partnership, Payfuture is supporting ACE Money Transfer in enhancing its payout capabilities and delivering a more seamless and dependable experience for customers across key remittance markets. Through its partnership with ACE Money Transfer, Payfuture is helping support enhanced payout capabilities, contributing to improved service reliability, operational efficiency, and a seamless experience for both senders and recipients. Sid Gautam, Chief Revenue Officer at Payfuture, said: "We're delighted to be partnering with ACE Money Transfer, a business that shares our commitment to making cross-border payments faster and more reliable. Together, we're helping ACE deliver a better experience for their customers sending money home, with the speed and consistency that matters most to them." Hasan Mubarak, Group Unit Head - Corporate Relationship & Business Development at ACE Money Transfer, said: "At ACE Money Transfer, we are committed to continuously enhancing the experience we provide to our customers. Our partnership with Payfuture reflects that commitment, helping us strengthen our service offering and deliver a more reliable, efficient, and seamless remittance experience. We look forward to working together to support the evolving needs of customers and further improve the way people send money across borders." The partnership reflects the growing demand for reliable, efficient, and customer focused cross-border payment solutions. As customer expectations continue to evolve, collaboration between payment providers and remittance companies plays an increasingly important role in delivering seamless payment experiences. Through partnerships with established remittance providers such as ACE Money Transfer, Payfuture continues to support the delivery of dependable payment services while helping enhance customer experience across global remittance markets
ACE Money Transfer has announced that its Irish operations reached profitability within six months of launch, marking a significant milestone in the company's European expansion strategy. The Dublin-based division, authorised by the Central Bank of Ireland, has seen strong customer adoption of its cross-border payment services across major European remittance corridors. Ireland serves as the company's strategic, regulatory and operational hub for Europe. The rapid profitability validates ACE's product-market fit and the scalability of its European model, according to CEO Arslan Naeem. The company attributes success to regulatory readiness, competitive pricing and focus on customer experience. ACE Money Transfer plans to expand further across European corridors, powered by sustained market demand and broader adoption of digital remittance services.
ACE Money Transfer partners with Askari Bank to expand digital remittance channels in Pakistan. ACE Money Transfer, a leading global remittance service provider, has entered into a strategic partnership with Askari Bank to strengthen and expand legal and digital remittance channels in Pakistan. The collaboration was formalized during a signing ceremony in Islamabad, attended by senior representatives from both organizations, highlighting a shared commitment to enhancing remittance accessibility and security for customers across the country. The partnership aims to improve payout coverage for overseas Pakistanis residing in key markets including the UK, Europe, Australia, Canada, and other major corridors. Beneficiaries will now have access to more convenient and reliable remittance services through Askari Bank's extensive nationwide network, enabling seamless transfers via formal banking channels. Through this initiative, ACE Money Transfer continues to expand its trusted network of payout partners, ensuring greater flexibility and accessibility for recipients across Pakistan. The move also supports the broader agenda of promoting regulated remittance flows, contributing to a digitally enabled financial ecosystem and fostering transparency and accountability in cross-border financial transactions. Speaking at the ceremony, Hasan Mubarak, Group Unit Head at ACE Money Transfer, emphasized the company's focus on strengthening its global payout infrastructure to better serve overseas Pakistanis and their families. He highlighted that the collaboration with Askari Bank reflects a mutual commitment to delivering reliable and accessible remittance solutions, while encouraging the use of formal financial channels for economic stability. Muzammil Hanif, Head of Home Remittance and RDA at Askari Bank, underscored the bank's strategic focus on secure, efficient, and future-ready remittance solutions. He stated that the partnership enhances Askari Bank's home remittance capabilities and deepens engagement with overseas Pakistanis, ensuring that funds reach beneficiaries through transparent and regulated banking systems. This initiative is aligned with the bank's broader commitment to digital financial services and financial inclusion. The collaboration is expected to provide several advantages, including improved transaction speed, greater reliability, and enhanced digital access for customers. It also aligns with Pakistan's ongoing efforts to increase adoption of formal financial channels and strengthen the country's remittance infrastructure, which remains a critical source of economic resilience and household income support. This partnership highlights the growing importance of innovative, compliant, and customer-centric approaches in the remittance sector. By integrating technology-driven solutions with a strong regulatory focus, ACE Money Transfer and Askari Bank aim to set a benchmark for secure and efficient cross-border financial services in Pakistan. As digital financial services continue to expand, the collaboration reinforces the role of formal banking networks in delivering inclusive and accessible remittance solutions. The initiative not only strengthens operational capabilities but also contributes to economic stability by promoting transparency, efficiency, and trust in Pakistan's financial ecosystem.