Vice President of Legal, Candidly

Salary not provided
Senior and Expert level
Remote in US
Candidly

Student debt solutions

Job no longer available

Candidly

Student debt solutions

101-200 employees

FintechB2CPersonal financeSaaS

Job no longer available

Salary not provided
Senior and Expert level
Remote in US

101-200 employees

FintechB2CPersonal financeSaaS

Company mission

To make trusted, intelligent and comprehensive solutions that enable Americans to reap the rewards of that investment so they can build financial wellness and wealth.

Role

Who you are

  • The role requires deep expertise in navigating the evolving regulatory landscape of financial technology while supporting the company's SaaS business model and ensuring legal protection across all operations
  • JD degree from an accredited law school; admission to state bar required
  • 8-12 years of legal experience including operating as an in-house counsel
  • Extensive background in financial services, payments and/or financial technology sectors
  • Proven track record negotiating and drafting SaaS commercial contracts
  • Deep understanding of consumer compliance and regulatory frameworks
  • Experience working directly with large financial institutions
  • Ability to work both independently and collaboratively in a team environment
  • Excellent judgment and decision-making skills in fast-paced situations
  • Demonstrated ability to influence cross-functional stakeholders
  • Management experience preferred but not required for exceptional individual contributors
  • Interest or experience in financial services and student debt is a plus, with a passion for fintech innovation and process improvement

What the job involves

  • The Vice President of Legal leads the organization's legal department and provides strategic legal counsel to executive leadership with specific emphasis on drafting and negotiating SaaS and commercial contracts
  • This member of the executive team oversees the company's legal affairs while specializing in complex commercial agreements, data protection frameworks, payment processing regulations, and fintech compliance
  • Lead legal strategy development and implementation across the organization
  • Review, draft, and negotiate complex SaaS and commercial agreements with clients and partners
  • Advise on regulatory compliance matters, particularly in consumer financial services
  • Partner with product and business teams to integrate legal requirements into development workflows
  • Manage relationships with outside counsel and legal service providers
  • Identify and mitigate legal risks across business operations
  • Develop scalable legal processes to support company growth
  • Requirements

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Insights

Led by a woman
Top investors

51% employee growth in 12 months

Company

Funding (last 2 of 7 rounds)

Mar 2023

$20.5m

SERIES B

Mar 2021

$10m

SERIES A

Total funding: $49.8m

Our take

A lack of access to affordable higher education is causing increasing numbers of students to fall into debt. Common advice is to simply save money incrementally, but that is easier said than done. Today, over 48M Americans struggle with over $1.75M of student debt. Candidly, rebranded from FutureFuel.io, offers payment management services for student loans in the form of employee benefits.

The company collaborates with employers to make loan repayment processes easier. Candidly claims that these services help students save between $15,000 to $40,000 and reduce loan repayment time by up to 5 years. Other companies such as Tuition.io also provide employer-paid student benefits to help contribute to debt repayments. However, Candidly's unique set of digital money saving tools provide an edge over competitors by helping students make small savings that can accumulate to big debt payments.

With increasing nationwide interest in reducing student debt, the company experienced 10x revenue growth and a 3,600% increase in payments flowing through its platform through 2022. With a fresh injection of funding in March 2023, Candidly is well-positioned to shake up this field and it will be exciting to see what it does next.

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Freddie

Company Specialist at Welcome to the Jungle