Startup Spotlight: Moneycado Is Hiring!

I recently caught up with Oliver Mitchell, CEO & Co-Founder of Moneycado, during my Office Hours at TechHub London.

During Office Hours, I give startups based in TechHub free advice on how to hire the best talent and help Co-Founders with any specific issues they’re having with hiring.

I’m sharing Moneycado as the first feature in our new ‘Startup Spotlight’ series which focuses on early-stage startups with loads of potential, making their very first hires.

What is Moneycado?

Moneycado is a new TravelTech / FinTech company within Founders Factory, building the world’s first savings account for travel. They’re transforming the process of saving from joyless and difficult to something more enjoyable and focused on the actual trip.

They’re using a combination of behavioural scientific design, brilliant partner incentives and a really intuitive product to create a world-class travel specific savings account.

Currently they’re a team of two, Oliver – CEO & Co-Founder, and Matthew – COO & Co-Founder, with the additional help of a consulting CTO. They’re looking for a Lead Developer to join their team, with scope to progress to full-time CTO, but more on that later.

What stage are they at?

They’ve built their first clickable prototype – it’s brilliant, I’ve used it myself! They’ve built user journeys for onboarding, adding a trip, setting a budget and creating a savings plan.

They’ve also completed their integration with UK banks, and will next be offering an early version of their product exclusively to Monzo users.

Perhaps most importantly, they have a real understanding of the problem they’re solving after countless surveys, interviews, user interactions etc and are now taking the next step forward… building an MVP.

What’s next?

It’s MVP time! They’re going to offer an early version of their product to Monzo users, allowing them to establish trips and save in already opened ‘pots’. This will enable the team to establish a strong feedback loop to see how users will actually save, influencing product development.

They’re in the middle of their first fundraise, an SEIS/EIS round of £200k which will be closed by Christmas. Their lead investor is confirmed and they’re currently in discussions with angel investors with travel & finance backgrounds.

Who are they hiring?

They’re hiring a Lead Developer to join them at this early stage and progress to CTO in the near future, learning from their consulting CTO along the way.

If you’re interested, you’ll need to be a highly competent full-stack developer who truly believes in their mission and the value of travel.

They’re looking for someone to join their team ASAP. They’re paying £60k-£70k per annum and are offering 3-6% equity.

If you’re a Lead Developer, interested in joining an early stage startup where you can really impact the company’s growth and want to progress to CTO then get in touch with Oliver or Matthew directly.

Alternately, if you love travel and want to find out more about the savings account that makes saving for those trips so much better, register your interest with Moneycado!

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At Hired By Startups, we help startups, scale-ups and VC backed companies hire really talented people and build teams that are more engaged and productive. Our fixed cost Hiring on Demand and Onsite Hiring Partner solutions enable startups to see the benefits of having their own internal recruiter, with the flexibility of using an agency.

We’ve helped some of the UK’s best known and fastest growing startups scale their teams. If you’re looking for a new role and want to work with a rapidly growing company, register with us here.

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About the author 

Tom Ladds

Hi, I’m Tom – Founder & CEO at Hired By Startups. You can connect with me on LinkedIn here.

 

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