Role: 1039 - APPLY FOR ROLE

A Non-Executive Director (Non Exec) with Director level experience within the FX space specifically with currency trading platforms is required for an early stage, disruptive FinTech Company who are developing an FX trading platform that brings together sellers and buyers of unused currency giving both parties stronger rates. 

Our Client is based in Buckinghamshire.

 

The company has already raised some funds and is currently crowdfunding for £180k for a 9% equity stake within the company. The company is looking to strengthen their Board with the appointment of two Non-Executive Directors.

We are also seeking a 2nd Non Exec with successful marketing and communications experience.

The Non-Executive Directors will be encouraged to become a shareholder in the Company to align the incoming Non Exec’s interest with that of the existing Directors who are or plan to become shareholders.

Business Concept:

  • Our client is developing a platform to buy and re-sell currency without the penalties of unwanted bank charges and the use of industry wholesalers, disrupting the traditional methods of currency conversion, creating an ‘alternative’ market for exchange of both B2C and B2B locally and globally.
  • The UK market size is estimated at £3.9bn and to date with no standout UK businesses of this nature.
  • The company is seeking crowdfunding of £180k which will be used for Platform Design, Marketing, both digital and PR and Day to Day running costs
  • The investors are looking to ‘exit’ the company within 3-4 years, likely via a trade sale or a private buyer.

Non-Exec Director Role/Requirements/Expertise:

  • A proven track record at Director level with experience within the FX space specifically with currency trading platforms;
  • Experience of working with start-up companies through to exit.
  • It is expected that the role will require approximately 2 days per month – more in the early stages;
  • The Non Exec will be encouraged to become a shareholder in the Company to align the incoming Non Exec’s interest with that of the existing Directors who are all shareholders. The company will be registered for the EIS scheme which provides 30% tax relief and up to 100% capital gains relief subject to status.
  • Remuneration will be through share options at least until the company is profitable.

The role will close on: 9th February 2018

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