Head of Finance, Fygo
£70k
0.15% stock options
Social shopping and rewards app
Job no longer available
Social shopping and rewards app
1-20 employees
Job no longer available
£70k
0.15% stock options
1-20 employees
Company mission
To be the go-to marketing channel for major retailers across the UK.
Role
Who you are
- Financial analysis/modelling/accountancy background - punch above your years of experience. You have made strategic recommendations, not just reports/spreadsheets
Desirable
- Experience with rewards/discounts/offers/promotions
- Experience with a digital/e-commerce marketplace (i.e. high transaction volumes)
- Experience in a fast-moving business environment
What the job involves
- Strategising budgeting across all departments to find B2B and B2C spending optimisations
- Managing internal accounting and payments
- Strategising and implementing pricing and monetisation opportunities
- Analysing transactional and platform (cohort analysis) data and working with the Growth and Product teams to formulate the best promotional and growth plans
- Financial modelling and fundraising/investor support
- You'll be our first finance and data-focused hire and will head up that function!
Salary benchmarks
Our take
Fygo was founded in 2020 to combine social with financial rewards for students: think the internet extension Honey, but for real life and with no codes required. It does this by paying users a large percentage on daily purchases made using debit cards in digital services, physical stores, and e-commerce.
Fygo offers users instant, automatic cash rewards when Gen Z spend with their normal bank card at partner businesses. Users can also unlock extra money by exchanging gifts with friends, see what's hot, and discover new places to shop. It takes a social-motivated approach by offering students more money back when spending with friends, and is built for clubs, societies, and friendship groups. This brings collective money-making to university life, helping students get higher value from otherwise boring, everyday purchases. Furthermore, businesses can increase revenue by gaining higher footfall, bigger average transactions, and stronger customer loyalty from Gen Z-ers.
Since founding, Fygo has received financial backing from Utility Warehouse chairman Charles Wigoder and was part of the Hogan Lovell 2020 fintech cohort. In the future, Fygo aims to boost expand across throughout universities internationally and continue feeding the synergy between the social and finance sectors.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (2 rounds)
Jun 2021
$4m
Jun 2020
$0.6m
Total funding: $4.6m
Company benefits
- 🌴 Time off - and a hopefully much deserved break! We offer all team members 25 days holiday a year plus UK bank holidays. Your birthday is an extra day off!
- 💸 Annual salary and career progression reviews - these annual reviews are here to make sure you're making the most of your time at Fygo! We take into account your current position, look to review your current role and responsibilities and always keen to learn about your goals for progression, achievements and expectations
- 💷 Generous stock options - for our UK based team, we're able to offer a part of Fygo when you join us meaning you're rewarded as we grow
- 📚 Learning and growth - from 2022, expense £25 per month on us (or £300 a year) for books, training conferences and other learning resources. We're also big on knowledge sharing. From 2022, we're aiming to regularly invite leaders and investors into the office to share their experiences
- 🖥️ Flexible working - work from home, or the office, or both. In 2022, we'll have set team days where we'd like to see your faces but no pressure for the rest! Work where you work best!
- 🫂 Global pension plan - we'll automatically enrol you into our pension scheme with NEST (or your a provider in your home country if you're employed outside of the UK)
- 🚲 Cycle to work scheme - get 30-40% off a new bike on us and split the payment interest-free over 12 months as part of your salary!
- 💻 Technology shipped to you - get the technology you need to do your best work
- 🍻 Monthly socials in person and remote - and free drinks every Friday if you're office-based. Attendance is 100% optional - if you don't fancy it, there’s no pressure
- ☀️ (Coming soon) Annual team meet up - plans for a team meet-up are in the works. Whatever corner of the globe you're from, we'd love to meet you face to face for some fun away from work
Company HQ
Finsbury, London, UK
Leadership
Toby Lowenstein
(Co-founder)Toby studied at Durham and St Andrews, gaining experience in finance with internships at Morgan Stanley and Lazard before co-founding Saintpass. In March 2020, he used this experience to co-found Fygo.
Jonah Lowenstein
(Co-founder)While studying International Relations at St Andrews, Jonah undertook several internships and founded the Student Startup Podcast. He co-founded Fygo in March 2020.
Ben Champion
(Co-founder)Ben holds a first class degree from St Andrews, having studied also at Bocconi University. He's worked at BBVA's Fintech Accelerator and bootstrapped online businesses to profitability.
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