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Clients · Fintech

Fintech recruitment: finance and CFO search for Australian fintechs

Finance and CFO executive search for fintechs, from seed through later-stage growth: hires who understand regulation, unit economics and what investors expect.

Hiring a CFO or your first finance lead?

Tom calls you back, usually within one business day. Or call 02 9099 7619.

Fintech finance leaders reviewing numbers

Fintech finance recruitment in Australia calls for leaders who hold a regulatory standard and read unit economics closely, because investors do. The hire that works has operated under that scrutiny and still moves at the pace the business needs.

Finance leaders fluent in regulation and unit economics

Fintech finance roles carry more weight than most: regulatory exposure, complex unit economics and investors who read the numbers closely. The sourcing problem sits underneath that. Founders who have not worked in finance do not have the network to reach these people, and are not always confident judging them either, as Tom put it on the Brewed Abroad podcast. We place finance leaders who have operated in that environment and can hold the standard, while still moving at the pace a growth business needs.

When a fintech needs its first finance hire comes down to what the product does with money. In Tom's experience, a capital-intensive fintech in non-bank lending or payments needs a finance leader much sooner than a SaaS business, often around Seed or Series A when headcount is closer to 30 to 50, because finance is part of how the product runs. Where the product is lending or payments, that can mean late Seed. A fintech with a strong lending or payments component may need a proper CFO at Series A, where a single-jurisdiction SaaS business may not need one until Series B, with a Financial Controller in the seat.

In regulated environments, industry experience is usually the first filter a hiring manager applies, so we brief on it up front. When we approach a candidate for a regulated fintech, the first thing we lead with is their compliance experience, because that is what the founder will test first. Pay is the other question fintech founders ask. A large benchmarking survey will not tell you what a Head of Finance at a Series A Sydney fintech is worth. Tom's view comes from direct conversations across a network of more than 29,000 accounting and finance professionals in tech, fintech and deep tech.

Not every fintech is ready for a full-time hire. When a business is too early, Tom refers the founder to fractional finance professionals and shares his network freely. Recent fintech work includes a CFO process for a high-growth fintech, and a CFO search where, halfway through, the founder asked us to take on a second role as well: the first person into a new part of the group.

Our own research shows fintech founders move earlier than most. Of 40 Australian fintechs we tracked, 55% (22) had a finance person before their first announced round, and the most common first seat was a head of finance or finance director (30%, 12 of 40), with banks and large corporates the most common source of that first hire. Block Earner is one shape of it: a financial accountant four months before its seed round and a head of finance a month after it. The data, the licensing load and three hiring sequences are in when an Australian fintech needs its first CFO, the full study is when Australian startups make their first finance hire, and the people who have done the seat well are in the best CFOs in Australian fintech.

What we focus on for fintech clients

  • Finance leaders comfortable with regulatory and compliance exposure
  • A clear grasp of unit economics and the metrics investors track
  • Experience reporting to boards and investors at the right altitude
  • Commercial judgement that holds up as the product and risk profile change

Common questions

Do you understand the regulatory side of fintech finance hires?

Yes. We brief on the regulatory and compliance demands of the role up front, and shortlist people who have carried that responsibility before.

Can you recruit a CFO who can manage investor reporting?

Yes. Investor and board reporting is core to most fintech CFO mandates, and we screen specifically for that experience.

Do you work with early-stage fintechs?

Yes. We place the first finance hire and first CFO for founder-led fintechs, then support later senior hires as the team grows.

Proof

It's not like ‘we got you the guy, see you later.’ I've never seen that before with another recruiter. I'd absolutely do it again and recommend it.

Jeremy Kinstlinger, Founder, ArgamonHead of Finance, Sydney, AustraliaRead the case study

Brief us on the role

Tell us where the business is going and the finance hire it depends on. We will map the market and come back with a shortlist that fits.