FairMoney

  • Banking, Big Data, FinTech / InsurTech
  • Paris, Bangalore, Lagos, Rīga
  • View website

What is the FairMoney culture ?

We own and don’t rent

At FairMoney we are radical owners. We love to claim 100% ownership for our task and never rely on others to do our part.

We strive for ownership and don’t rest until what we own is accomplished.

We think about owning a task like owning a property. We are landlords, not tenants.

Start with the client

What we do matters - we give underbanked people access to financial services in the emerging world.

Be passionate and optimize for our users, and care for our impact.

Our business has an additional complexity – many of us don’t live where the clients live – We go into exceptional depth to understand the clients pain-points.

We are all scientists And for Scientists words are cheap

  1. Identify Problem.
  2. Break down into smaller problems.
  3. Un-bias yourself from bias or emotion.
  4. Write down available information and never take a meeting without a notepad and without pre and post meeting memorandums that are shared to all participants.
  5. Come to well reasoned conclusions and check against logic/standards.
  6. Communicate well the conclusion to others to further improve conclusion.
  7. Start new problem.

At FairMoney we are scientists in whatever domain from customer service to Data scientists.

Churn 9-5

9-5 is a mindset that comes from large corporates where people don’t like their jobs.

For people on the FairMoney team work should be something that you love and embrace - that you measure in tasks achieved, not hours completed.

Fly High - Fly Low

We fly high to make big and bold plans - strategize.

We fly low and put our hands in the dirt to ensure the detailed high quality output of us and those that we manage. We own our responsibilities and strive for accountability.

  • No Outsourcers
  • No Outsourcing

70/30

Speed over certainty.

We value execution speed and making decisions with 70% of the available data and a 30% margin of error over 100% accuracy and being blocked by over-analysis.

Direct Feedback

At FairMoney we value the power of direct feedback.

We don't carry frustration with us but give direct feedback to our colleagues regularly to make sure we all improve and get better.

The “how” matters - Feedback is given with goodwill to help others to improve.

Follow them!

Presentation

FairMoney is building the leading mobile bank for emerging markets.

They started with a digital microcredit application on Android, and are rolling out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

So far they disbursed over 3,000,000 micro-loans and give more than 7,000 loans daily. They are backed by top notch US/EU investors and have raised over USD 15m Venture Capital to support a stellar growth. They are a team of +100 between Paris, Lagos, Bangalore in Engineering (Android, Data, Backend), Product, Marketing, Risk & Data Science and Operations - and they won't rest before the FairMoney app is in the hand of millions!

Their values

Start with the client 📊 We are passionate, optimize for our users, care for our impact

Own, don't rent 💥 We strive for ownership and don’t rest until what we own is accomplished

Scientist mindset 👩‍🔬 We solve large challenges, break them into small pieces, make well reasoned conclusions

Churn 9-5 🎯 Work should is something we love and embrace - that we measure in tasks achieved, not hours completed

Fly High - Fly Low 🙌 We fly high to make big and bold plans - strategize We fly low and put our hands in the dirt to ensure the detailed high quality output of us and those that we manage

70/30 ⚡ We value execution speed and making decisions with 70% of the available data and a 30% margin of error over 100% accuracy and being blocked by over-analysis

Direct Feedback 🤝 We don't carry frustration with us but give direct feedback to our colleagues regularly to make sure we all improve and get better

Radical Focus 🔎 Our mantra is to start with the question, "What should not be done this week to increase the focus on the things that really matter

What they are looking for

FairMoney is looking for bar raisers. People that raise the standards - that are excellent in what they do and willing to solve big challenges.

They are looking for pragmatic and perseverant people that are passionate about problem solving and hungry enough to achieve their mission to build the leading mobile bank for emerging markets.

To build the best products, they want their employees to meet customers which implies to travel to the different markets. FairMoney is an international team, composed of French, Nigerian, German, Chinese employees, meaning that they value diversity a lot.

Good to know

You'd better like to travel: at FairMoney, the product is built with the client, for the client, and that is why you will have to travel in the different market, regardless of your position!

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