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Full-Time

Director of Finance

Confirmed live in the last 24 hours

Polymer Labs

Polymer Labs

11-50 employees

Enhances blockchain interoperability infrastructure

Consulting
Crypto & Web3

Senior

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Risk Management
Treasury
Finance & Banking
Requirements
  • Web3 experience is highly preferred.
Responsibilities
  • Ownership of financial operations and treasury management (cash & digital assets)
  • Manage bank and custody accounts, ensuring appropriate maintenance and signatory authority
  • Calculate and forecast burn, revenue, other income and runway and accurately present current and future cash and crypto positions in real-time
  • Work with Legal and the leadership team on transfer pricing and inter-company arrangements
  • Monitor and oversee the performance of outsourced services by outsourced service providers relating to the finance function
  • Streamline operations and ensure best practices and regulatory compliance, in collaboration with Legal
  • Regularly report on cash position, liquidity forecasts, and counterparty risks to leadership
  • Establish and track core metrics that are essential to the financial health of the company
  • Lead and monitor the month-end, quarter-end and year-end closing processes
  • Lead the design and implementation of internal controls over financial reporting and accounting policies and procedures
  • Act as a primary senior point of contact within the company for internal and external financial and accounting queries
  • Lead strategic liquidity and financial planning, focusing on detailed cash and Polymer digital assets projections to support the company's growth and strategic objectives
  • Develop forecasting models to predict liquidity needs and plan for asset value fluctuations, bearing in mind market trends and company goals
  • Prepare meaningful analysis for strategic business decisions and model financial situations in close collaboration with the leadership team
  • Provide insightful and quality financial advice to support the company's business decision-making
  • Align liquidity management, including cash flow optimization and liquidity forecasting, with the company's broader investment and financing strategies
  • Devise liquidity strategies to navigate the unique challenges of cryptocurrency assets and DeFi, with a particular focus on Polymer digital asset dynamics
  • Implement proactive liquidity monitoring and forecasting to manage crypto market volatility effectively
  • Establish and continuously refine risk management strategies to keep pace with the evolving digital asset markets
  • Assess and monitor counterparty risks associated with the company's financial partners and service providers
  • Conduct regular reviews of counterparty risk exposure and adjust risk management strategies as necessary

Polymer Labs enhances the ability of different blockchain systems to communicate and work together. They focus on improving interoperability, which is essential for decentralized applications (dApps) and blockchain technology, allowing for smoother transactions across various networks. Their primary clients include developers, researchers, and relayers who need tools to support the Inter-Blockchain Communication (IBC) protocol. Unlike many competitors, Polymer Labs specifically targets the interoperability challenge in the rapidly evolving blockchain market. Their goal is to provide specialized tools and infrastructure solutions, generating revenue through software subscriptions, consulting services, and transaction fees, while actively participating in events to strengthen their presence in the blockchain community.

Company Stage

Series A

Total Funding

$26.6M

Headquarters

null, null

Founded

2021

Growth & Insights
Headcount

6 month growth

20%

1 year growth

40%

2 year growth

133%
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Simplify's Take

What believers are saying

  • Polymer Labs' focus on interoperability could make them indispensable as the blockchain ecosystem grows and diversifies.
  • The significant funding they have secured provides a solid financial foundation for further innovation and expansion.
  • Active participation in high-profile events like ETHDenver and ATOMDenver enhances their visibility and credibility in the blockchain community.

What critics are saying

  • The fast-paced nature of the blockchain industry means that Polymer Labs must continuously innovate to stay ahead of competitors.
  • Relying heavily on the adoption of the IBC protocol could be risky if alternative interoperability solutions gain more traction.

What makes Polymer Labs unique

  • Polymer Labs focuses on enhancing web3 interoperability, a niche yet critical area in the blockchain space, unlike many competitors who focus on single-chain solutions.
  • Their emphasis on the Inter-Blockchain Communication (IBC) protocol sets them apart as a leader in facilitating seamless transactions across different blockchain networks.
  • The recent $23 million Series A funding from prominent investors like Blockchain Capital and Coinbase Ventures underscores their strong market position and potential for growth.

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