Vice President of Legal, Setpoint
$250-325k
Infrastructure for the future of asset-based lending
Be an early applicant
Infrastructure for the future of asset-based lending
21-100 employees
Be an early applicant
$250-325k
21-100 employees
Company mission
To build trust in our system of credit.
Role
Who you are
- A capital markets and technology enthusiast – you are excited about combining your experience working on capital markets and finance transactions with cutting-edge technology
- A negotiator and problem solver – you make decisions and provide practical guidance based on not only your legal background but also reasoning that aligns with the company’s commercial interests
- A great communicator – you possess excellent written and verbal communication skills and attention to detail without oversight
- A multi-tasker with strong organizational skills – you can manage multiple priorities and set frameworks for how to execute them effectively within their deadlines
- 12+ years of experience drafting and negotiating a variety of capital markets and finance agreements and related documentation, including asset backed facilities
- Ability to prioritize appropriately, and meet deadlines in a high-pressure environment
- JD degree from a top tier law school, admission to the New York bar in good standing
- Flexible, positive, and team oriented approach to work
What the job involves
- Work closely with the General Counsel, Head of Sales and SVP of Capital Solutions to oversee all legal aspects of customer documentation and capital markets products
- Review and negotiate documentation in connection with our technology platform services and our Capital Solutions team
- Draft and negotiate SaaS and other customer agreements
- Keep up to speed with industry trends and legal and regulatory market changes
Our take
Whilst tech innovations have made applying for a loan far quicker and easier, the next step in the process - the management of the loan - is far more complex and still comparatively archaic in its organization. Originators and lenders use spreadsheets, emails and FTP folders to manage their lending relationships, rendering the process inefficient and prone to errors. Setpoint automates the debt facility management process for lenders.
Founded in 2021, the company claims 98% time saving for lenders, automating data ingestions, calculations and reporting workflows whilst its AI engine computes optimal asset allocation to max ROI. Financial liquidity is increased through access to automated access to third-party reviews and certifications, compliantly accelerating capital access. In short, Setpoint streamlines the second, more oblique stage of the lending relationship.
Focused on the property market, Setpoint’s tech could be expanded to other markets. Its focus on real estate, however, has helped it achieve several impressive funding rounds and a 6x year-over-year revenue growth.
Freddie
Company Specialist at Welcome to the Jungle
Company
Funding (last 2 of 3 rounds)
Aug 2024
$31m
SERIES B
Dec 2022
$43m
SERIES A
Total funding: $79.5m
Company HQ
Congress Avenue Historic District, Austin, TX
Leadership
Stuart Wall
(CEO)Previously Venture Partner at Bowery Capital, Founder & CEO at Signpost and was an Associate Consultant at Bain & Company.
Ben Rubenstein
(President)Previously CRO at realtor.com, Co-Founder and CEO at opcity and was a Co-Founder at Yodle.
Michael Lam
(Chief Investment Officer)Previously COO at realtor.com, was on the Policy Advisor Board at Joint Center for Housing Studies, CFO and Head of Analytics at Opcity, President and Co-Founder at Pendleton International Corp.
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