Summary

We are launching a new venture to empower fast-growing financial companies by managing risks and fighting fraudsters in a very novel way. We are looking for a highly motivated Co-Founder and CEO to bring us there. This person will co-create and hold the product vision of the company and will build and grow the engineering and product teams to deliver amazing products.

Please note: This is not an employee opportunity at Diagram Ventures but in a new company created through our venture studio model. This company will be independent of Diagram Ventures, and the founding team will receive the majority of the equity in the venture.

The Opportunity

Rapid digitization of financial services and increase in fintechs penetration is causing major risk management turbulence (e.g. the Federal Trade Commission reported 6.1B$ in fraud losses in 2021, up almost 80% from 2020). For Fintechs, balancing growth and risks efficiently is a sophisticated and sensitive function that requires expertise, processes and tools. While fraud prevention and AML tools (SaaS, data vendors, etc.) are plenty in the marketplace, Fintechs still need to build multi-disciplinary ops teams (analysts, data science) to monitor traffic and constantly improve their defenses. However, staffing and training a risk team is hardly scalable and very costly. Companies can only implement changes reactively, allowing fraudsters to hop from platform to platform using the same schemes over and over again.

Our newly created company will supply Fintechs with out-of-the-box specialized services that will give them immediate access to risk and fraud management best practices and ‘playbook’, while also providing them with the highly skilled resources to implement and operate an effective risk department. This will allow them to deliver products and acquire customers quicker and with peace of mind.

This business will use a mix of human expertise and tech-driven processes and data intelligence tools to deliver value and scale faster.

The Co-Founding Chief Executive Officer will be the ultimate accountable executive for the business. The person will shape and maintain the vision, build a solid team of other executives with some that will be co-founders and drive growth and ensure capital influx.

Who we are looking for

We are assembling the dream team of entrepreneurs, technologists, and financial services experts, and we are now looking for an accomplished chief executive to lead the entire venture. If you are up for it, you will:

  • Build and lead a high caliber team of “A” player early hires
  • Establish early customer relationships (e.g. financial institutions and Fintechs), and create a scalable sales engine over time
  • Provide overall leadership to the organization, working across all aspects and functions of the business (product, marketing, sales, services, tech, finance, etc.)
  • Lead the fundraising efforts in collaboration with the founding team and investors
  • Work closely with the investors/board

Background and experience:

  • Strong Financial Risk Management background. Recognized as a leader of this space. 
  • Track-record of leading a business as a CEO, President, COO, Product Executive, or GM with P&L ownership within an organization
  • Experience raising venture capital

Other desirable assets:

  • Experience being founder/co-founder or early hire in a venture backed company 
  • Experience scaling a fast growing tech/tech enabled business
  • Experience with building and operating global operational teams 
  • Familiar with highly regulated products, particularly standards and regulations for financial institutions (BSA, AML, KYC/KYB, FinCEN, CFPB, etc.)

What you’ll get:

  • Majority of the equity in the venture.
  • Full flexibility to run a venture-backed business that has been significantly de-risked by an experienced Fintechs venture studio.
  • Continuous support from a meaningful network amongst the Diagram/Portage/Sagard ecosystem.

About Diagram Ventures

Diagram is a venture builder that conceives and launches technology companies in the financial, crypto, and climate industries. We've designed a unique platform for entrepreneurs who have a proven track record or domain expertise to start their next business by combining access to venture capital investment, hands-on support, and a vast network of partners and incumbents. Since 2016, Diagram has raised over $205M and launched 13 new companies across North America. Our ecosystem is home to 90+ angel investors, including 45+ entrepreneurs with >$15B in exits and an extended global network of corporate partners, investors, and builders. Notable Diagram portfolio companies include Synctera (Series A), Conduit (Seed) and Dialogue (IPO).

Applying for this position

Diagram and its portfolio companies are equal opportunity employers. We appreciate your interest in working with us; however, only those applicants selected for interviews will be contacted. Diagram may contact you about other possible opportunities you may be a fit for. We launch five new ventures each year and are continually excited to talk to founders and top talent who want to join us. 

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