FairMoney is a pioneering mobile banking institution specializing in extending credit to emerging markets. Established in 2017, the company currently operates primarily within Nigeria, and it has secured nearly €50 million in funding from renowned global investors, including Tiger Global, DST, and Flourish Ventures. FairMoney maintains a strong international presence, with offices in several countries, including France, Nigeria, Germany, Latvia, the UK, Türkiye, and India.

In alignment with its vision, FairMoney is actively constructing the foremost mobile banking platform and point-of-sale (POS) solution tailored for emerging markets. The journey began with the introduction of a digital microcredit application exclusively available on Android and iOS devices. Today, FairMoney has significantly expanded its range of services, encompassing a comprehensive suite of financial products, such as current accounts, savings accounts, debit cards, and state-of-the-art POS solutions designed to meet the needs of both merchants and agents.

To gain deeper insights into FairMoney’s pivotal role in reshaping Africa’s financial landscape, we invite you to watch this informative video.

About The Role:

We are seeking an experienced and dynamic Product leader to join our growing POS merchant & agency business in Nigeria. As we embark on our transformation journey to become a leading business bank in addition to our core POS services, we need a visionary leader who possesses a deep understanding of fintech, core payment systems, and business banking. The ideal candidate will play a crucial role in shaping our product strategy, driving innovation, and delivering exceptional financial services to merchants and businesses across Nigeria and other parts of Africa as we expand

Roles and Responsibilities:

1. Product Strategy: Develop and execute a comprehensive product strategy that aligns with the company’s vision of becoming a leading business bank. Identify growth opportunities, market trends, and customer needs to enhance our product offerings.

2. Fintech Expertise: Leverage fintech knowledge and industry insights to drive product innovation and digital transformation. Identify emerging technologies that can improve our financial services and optimise business processes.

3. Business Banking Expansion: Lead the expansion of our product portfolio to include business banking services such as deposits, lending, trade finance, and other financial solutions tailored to meet the needs of small and medium-sized businesses.

4. Core Payment Solutions: Oversee the enhancement and maintenance of our core payment systems, including POS terminals, to ensure seamless and secure transactions for our customers.

5. Market Research: Conduct market research and competitive analysis to understand customer preferences, identify market gaps, and inform product development decisions.

6. Customer-Centric Approach: Champion a customer-centric approach to product development, ensuring that all initiatives are focused on delivering value and an exceptional user experience to our merchant and business customers.

7. Cross-functional collaboration: Collaborate closely with engineering, design, marketing, and operations teams to deliver new products and features in a timely manner.

8. Regulatory Compliance: Stay updated on relevant financial regulations and ensure that our products and services adhere to all compliance requirements.

9. Performance Tracking: Define key performance indicators (KPIs) and metrics to track the success of new product launches and overall product performance.

10. Team Leadership: Build and lead a high-performing product team, fostering a culture of innovation, collaboration, and continuous improvement.

11. Despite all of the above superpowers, you have no chip on the shoulder & are fun to work with.

Preferred background & experience:

1. Bachelor’s or Master’s degree in Business, Finance, Computer Science, or a related field.
2. Proven experience 5+ in fintech, product management, and business banking, preferably in the Nigerian or African market or emerging markets
3. Strong understanding of core payment systems, financial technologies, and digital banking platforms.
4. Track record of successfully launching and scaling financial products and services.
5. Excellent strategic thinking, problem-solving, and decision-making abilities.
6. Strong leadership skills with the ability to motivate and inspire cross-functional teams.
7. Exceptional communication and interpersonal skills.
8. Experience with regulatory compliance in the financial services industry.
9. Flexibility to adapt to a fast-paced and evolving business environment.
10. Passion for driving financial inclusion and making a positive impact on businesses and communities.

Location: The position is open to candidates in Nigeria or other locations globally.

We look forward to welcoming a visionary Product Lead who will play a key role in shaping our company’s future as a leading business bank while continuing to excel in the POS agency business. If you believe you have the expertise and passion for this role, we encourage you to apply and be part of our exciting journey!

• Bachelor’s degree in Business, Finance, Computer Science, or a related field. A Master’s degree is a plus.
• Proven experience as a Product Manager in the lending industry, preferably within the fintech sector.
• In-depth knowledge of lending products and services, including consumer and small business lending, credit scoring models, and risk assessment.
• Demonstrated experience in developing and launching successful fintech products.
• Strong analytical and data-driven decision-making skills.
• Familiarity with the Nigerian and African fintech markets and an understanding of local customer preferences and behaviors is a bonus but not essential
• Excellent leadership and communication skills with the ability to collaborate effectively with cross-functional teams.
• Experience in managing and motivating high-performing product teams.
• Creative problem solver mindset with a data-driven and KPI-oriented approach using such tools as SQL, Python and Excel
• Entrepreneurial mindset and commitment to getting hands dirty at all times;

Join Fairmoney Nigeria today and be a part of our mission to revolutionise financial services in Africa through innovative lending products and outstanding customer experiences. If you are passionate about fintech, possess a strong lending background, and have a track record of driving product success, we would love to hear from you.

• Private Health Insurance
• Pension Plan
• Training & Development
• Hybrid work
• Paid Time Off

Recruitment Process

• Screening call with Recruiter: 30 minutes.
• Technical interview with the product team: 45-60 minutes.
• Assignment (takeaway).
• Final interview with the Director of Product: 45-60 minutes.