Full-Time

Regulatory Legal Counsel

Confirmed live in the last 24 hours

Taptap Send

Taptap Send

201-500 employees

Facilitates cross-border mobile money transfers

Fintech
Financial Services

Compensation Overview

$160k - $240kAnnually

Mid

New York, NY, USA

Position is based at the New York City office.

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • You are a qualified lawyer with ~4-8 years of practising experience
  • You worked in a law firm and in house, gaining relevant fintech experience (ideally in a start-up / scale-up)
  • You understand and can navigate the regulatory frameworks governing financial products and services
  • You have experience advising the business on general product strategy as well as specific new product or new markets launches
  • You have managed licensing applications and advised the business on the day to day maintenance of such licences from a regulatory compliance perspective
Responsibilities
  • Advise on, develop and maintain Taptap Send’s regulatory framework and support the company in its strategic expansion initiatives
  • Lead on the legal and regulatory aspects of new product launches and expansion into new markets (including licensing applications if needed)
  • Work cross-functionally with the product, compliance, finance and infosec teams to tackle day to day complex regulatory challenges and ensure ongoing regulatory compliance
  • Collaborate with and support the rest of the legal team to evaluate and communicate risks and develop creative solutions to bridge business priorities in a changing regulatory landscape
  • Proactively identify risks and collaborate with internal and external stakeholders to develop actionable solutions with respect to regulatory or licensing matters
  • Lead or assist with any regulatory audits or examinations

Taptap Send facilitates mobile money transfers across borders, primarily targeting individuals in the UK, EU, US, Canada, and UAE who want to send money to family and friends in Africa, Asia, the Caribbean, and Latin America. Users can complete transactions easily by providing the recipient's name and mobile number, allowing funds to be deposited instantly into the recipient's mobile money wallet. This process eliminates the need for physical visits to money transfer agents and significantly reduces waiting times for recipients. Taptap Send operates in the remittance market, generating revenue through transaction fees and favorable exchange rates, making it a cost-effective alternative to traditional money transfer services. The company aims to provide a fast, secure, and affordable way to send money internationally, utilizing technology to enhance the user experience.

Company Stage

Series B

Total Funding

$76.3M

Headquarters

New York City, New York

Founded

N/A

Growth & Insights
Headcount

6 month growth

9%

1 year growth

10%

2 year growth

28%
Simplify Jobs

Simplify's Take

What believers are saying

  • The $65M Series B funding round led by prominent investors like Spark Capital and Reid Hoffman indicates strong financial backing and growth potential.
  • Taptap Send's focus on reducing global inequality through financial inclusion aligns with a growing trend towards socially responsible investing.
  • The company's expansion into cross-border fintech platforms positions it well to capture a significant share of the growing remittance market.

What critics are saying

  • The competitive landscape for remittance services is intense, with numerous well-established players that could limit Taptap Send's market penetration.
  • Reliance on external funding for growth could pose financial risks if future funding rounds do not materialize as expected.

What makes Taptap Send unique

  • Taptap Send focuses on underserved markets, particularly in Africa and Asia, offering a unique value proposition compared to competitors targeting more developed regions.
  • The company provides a free remittance transfer service, which is a significant differentiator in a market where fees can be a major barrier.
  • Strategic partnerships, such as with CompareRemit, enhance Taptap Send's reach and service offerings, making it more comprehensive than many competitors.

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