Full-Time

Director of Financial Control

Confirmed live in the last 24 hours

Taptap Send

Taptap Send

201-500 employees

Facilitates cross-border mobile money transfers

Fintech
Financial Services

Senior

London, UK

Category
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Requirements
  • Experience as Finance Leader of a high-growth start-up, preferably in the FinTech space
  • Experience handling high volumes of transactions in different currencies
  • Experience overseeing international operating entities (and preferably regulated entities)
  • Experience building and leading a team strongly preferred
  • US GAAP experience preferred; IFRS experience required
  • Detail-oriented -- you sweat the small stuff
  • Highly organized and able to balance competing priorities, including across teams and with external partners
Responsibilities
  • Management accounting -- oversee monthly close and AP for a group of companies processing millions of transactions a year in different currencies
  • Regulatory reporting -- oversee daily safeguarding reporting, monthly regulatory capital reports, and various financial reports required by our regulators in the UK and abroad
  • Investor and lender reporting -- responsible for complying with our financial reporting obligations to investors and lenders, including monitoring compliance with our covenants
  • Tax and audit -- collaborate closely with our tax advisors and auditors in various countries and ensure our returns (incl. income tax, share options, VAT, R&D, etc.) are filed on time and that we are following local requirements; identifying advisors and auditors in new markets and setting

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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