Full-Time

Director of Financial Control

Posted on 8/27/2024

Taptap Send

Taptap Send

201-500 employees

Facilitates cross-border mobile money transfers

Fintech
Financial Services

Compensation Overview

$150k - $200kAnnually

+ Equity (ISOs)

Senior

London, UK

Category
Financial Accounting
Tax Accounting
Financial Controller
Management Accounting
Accounting
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 wish 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's goal is to provide a fast, secure, and affordable way to send money internationally, using technology to simplify the transfer process.

Company Stage

Series B

Total Funding

$76.3M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

7%

1 year growth

6%

2 year growth

25%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased digital wallet adoption in Africa boosts Taptap Send's potential user base.
  • Partnership with CompareRemit expands Taptap Send's reach and service offerings.
  • Diaspora remittances' importance in GDP growth offers market share opportunities for Taptap Send.

What critics are saying

  • Regulatory scrutiny, like in Ghana, could lead to suspensions or fines for Taptap Send.
  • Cryptocurrency-based remittance services pose a disruptive threat to Taptap Send's model.
  • Fluctuating exchange rates can impact Taptap Send's profitability and competitive pricing.

What makes Taptap Send unique

  • Taptap Send offers instant deposits into mobile wallets, enhancing user convenience.
  • The platform requires only the recipient's name and mobile number for transactions.
  • Taptap Send's competitive rates make it a cost-effective alternative to traditional services.

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