iMultiply are delighted to be working with Edinburgh based technology company Float in their search for a Chief Operating Officer
Based in CodeBase Edinburgh and established in 2010, Float is a revenue generating, growing fintech start-up who are filling a much-needed void in the SME market for cash flow management and forecasting software. With customers in more than 40 countries, Float’s software-as-a-service (SaaS) product plugs into cloud-based accounting software such as Xero, FreeAgent and QuickBooks Online to help produce and maintain a cash flow forecast. Traditionally, large corporate businesses were the only types of organisations who could afford the luxury of financial planning and ensuring that profitability and cash flow were forecasted ahead of time. Thanks to Float this is now something that will be available to SMEs, allowing them to run smarter, leaner and more profitable businesses at an affordable price.
Float employs 19 people and recently raised angel investment to scale up. As part of this growth, the role of Chief Operating Officer (COO) has been identified as a key role required to guide the business into the future from a commercial, strategic and operational perspective.
From a growth and income perspective, Float is targeting £1m ARR by the end 2018, and £5m by end 2020 and are anticipating a team of 30+ over this timeline. The COO role will be instrumental to this growth and will be a key decision maker for the business along the way.
The company is now looking to recruit a high calibre COO to be based at their office in CodeBase, Edinburgh City Centre. The successful candidate will report directly to and work closely with the CEO, alongside the CCO and CTO, having a key oversight of the business on a daily basis with a direct focus on financial strategy and establishing the operational processes required to deliver extensive and sustainable growth. In addition to the oversight of Finance, systems & process and the budgeting & reporting cycles, the COO will also be responsible for HR, Legal, Facilities Management and have line management responsibility of the Operations Manager.
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