Supporting high growth Tech and Digital Start-ups / Scale-ups with CFO hires, Senior Finance Leaders, Interim Finance Support and Fractional Finance Services.
💰 With FinTech leading the way in total value fundraising in May; What do FinTech Start-ups and Scale-ups need to look out for when hiring into their Finance team? 👩💻 Having supported many FinTech's with hiring into their Finance teams on a Permanent, Interim and Fractional basis from CFOs and Finance Directors to Heads of FinOps, FP&A and Controllers these are the common requirements that we see time and time again: 1. FinTech and Finance Expertise Look for candidates who understand blockchain, cryptocurrencies, digital payments, and online lending. Experience in both finance and technology is crucial to deal with the challenges often seen in this sector. 2. Regulatory Knowledge As the FinTech industry is heavily regulated and constantly changing your finance team must include professionals who are well-versed in financial regulations, data privacy laws, and anti-money laundering standards. This ensures your company stays compliant and avoids regulatory pitfalls. 3. Analytical and Strategic Thinking Hiring candidates who can analyse market trends, assess financial risks, and develop long-term strategies is key. Strategic thinkers can help align financial goals with overall business objectives. 4. Risk Management Find finance professionals who are skilled in risk management and can develop strategies to mitigate risks often seen in this industry. 5. Tech-Savvy and Adaptable Having a finance team proficient with financial software, data analytics tools, and emerging technologies is a must. They need to leverage these tools to improve efficiency, accuracy, and provide real-time insights. Your finance team should be agile and adaptable, capable of responding quickly to market changes, regulatory updates, and technological advancements. Flexibility is key to staying ahead. 6. Communication and Leadership Skills Strong communicators are essential in any start-up and scale-up for conveying financial performance and strategy to stakeholders. Leadership skills are important as your team grows and needs guidance and mentorship. 7. Cultural Fit and Growth Mindset Ensure new hires align with your company’s culture. Look for individuals with a growth mindset who are not just number-crunchers but also innovative thinkers. They should be able to contribute to product development and help shape financial strategies that drive technological advancements. 🙌 Focusing on these key areas when hiring, you can ensure your finance team is well-equipped to drive your company's growth and handle any challenges that may arise. #fintech #scaleup #startup #financehires
