Founders Associate, Bits

USA

Salary not provided

Entry and Junior level

New York

4-5 days a week in office

Store card for building credit

Be an early applicant

Store card for building credit

21-100 employees

FintechB2CCredit ScoringMarketplacePersonal financeLending

Be an early applicant

Salary not provided

Entry and Junior level

New York

4-5 days a week in office

21-100 employees

FintechB2CCredit ScoringMarketplacePersonal financeLending

Company mission

To promote financial inclusion by providing a path to credit for those neglected by mainstream lenders.

Job

Company

Role

Who you are

Strong passion for startups and technology
Excellent problem-solving and analytical skills
Ability to work independently and take initiative
Strong communication and interpersonal skills
Highly organized and detail-oriented
Entrepreneurial mindset and willingness to take on new challenges
Bachelor's degree in a relevant field
Experience in a startup or entrepreneurial environment is a plus

What the job involves

We are looking for a Founders Associate to join our team
As a Founders Associate, you will work closely with our co-founders and play a key role in shaping the company's vision and strategy
You will have the opportunity to work on a wide range of projects, from business development and fundraising to product management and marketing
This is an exciting opportunity for someone who is passionate about startups and wants to make a significant impact in a fast-paced, dynamic environment

Our take

Oftentimes, the advice to those with low credit is to build it up with the careful use of high-interest credit cards. However, this comes with the obvious downside of being high risk as well as high reward. Bits, instead, helps people with low credit to improve their scores with a subscription store card that lets them access in-store savings while quickly raising their credit score.

Millions of people in the UK have difficulty accessing financial services due to their credit scores, so it is no surprise that a number of other startups like Pockit and Portify have emerged offering alternative products for this underserved group. Bits, however, stands out for its unique approach that doesn’t put people into any debt at all - with the company making no money on interest.

As Bits has grown, it has expanded its product and now reports to Equifax and TransUnion on top of Experian. Boasting 300,000 users and a strong rating on Trustpilot, it is clear the company has already made an impact and it will be interesting to see what it does in the future.

Freddie

Company Specialist at Welcome to the Jungle

Insights

Top investors

Trustpilot (4.7)

Company

Funding (2 rounds)

Sep 2020

$0.2m

SEED

Oct 2018

$0.2m

SEED

Total funding: $0.3m

Company benefits

A competitive market salary
28 days holidays/ year incl. UK/ England public & bank holidays
Private Healthcare plan (if you want one)
Work with the Founder directly. Travel with him occasionally. Participation in the options plan once it goes live

Company HQ

London, UK

Leadership

Faisal Khalid

(Founder & CEO)

A Harvard graduate in Economics, Faisal has over a decade of experience in major payment companies such as American Express. More recently, they founded Paysnapp, an online payment service for low income migrant workers which was acquired by VFD bank.

Salary benchmarks

We don't have enough data yet to provide salary benchmarks for this role.

Submit your salary to help other candidates with crowdsourced salary estimates.

Share this job

View 2 more jobs at Bits