Hiring a Leadership team in Fintech: The Innovex Way

For Fintech Month here at TechSPARK, our friends at Innovex have put together their thoughts on effectively and efficiently hiring a leadership team,

You can find out more about Innovex and its founder, Jake Parish, on our recent Startup for 10 highlighting the Execuative Search company. Make sure to also check out our Fintech Month features, including our definition of Fintech and Fintech for good companies in the South West.

Fundraising activity in the UK in Fintech is thriving and continues to grow. With that comes the immediate need for talent at the optimum time for growing businesses. Of course, it depends on which series you are in regarding shaping and forming the team. However, companies at a size of 50+ people usually use an Executive Search firm to find the best talent for their growing company. 

So if you are in this position, let us guide you on what Executive Search is and how we can help fast-growing Fintech companies find and retain the best talent for the future of the business. So let’s get started. 

Picture this. You have just secured your next investment round, the money is in your account, and you have your board chasing you on when your first hire for your leadership team will be. Feel the pressure building up? Don’t worry. Innovex can help to guide you through this sometimes challenging process. Save you time, money, and stress by providing flexible hiring services to secure and retain effective and sustainable leadership talent.

Executive search is the hiring service, specifically for C-suite and leadership roles. Exceptional leadership is key to the success of any business, so when you need to conduct CEO, Leadership, and Board of Director searches, an Executive Search firm can help you to find the right candidate, not only for now, but for the future of your business with a stress-free process.

Executive Search firms work with you to set a brief for a specific C-Suite or leadership role and then go out to the industry to find this candidate by shortlisting and interviewing for you. The firm interviews for you against strict criteria to save you time and put forward candidates to select for an interview process. The client conducts final round interviews, and the Executive Search firm then negotiates on the compensation package. The Executive Search firm is there to take all the stressful, painful, and time-consuming aspects of hiring away for you.

Our Executive Search Consultants provide an up-to-date view of a market area and identify candidates from relevant target sites. Innovex considers their professional skill set, experience, and working methods and ensures an excellent cultural fit.

PE & VC Backed: We deliver the candidate who will compliment a founding CEO and/or board members. Therefore, relieving any stress, you may have high-pressure shareholders.

Startups & Scaleups: We work with companies from Seed through funding rounds to pre-IPO. We love the challenge of working with startups whose functions may not yet be in place. So we work with you to change this.

Our Founder & CEO, Jake Parish has also shared his recommendations for making those all-important hires:

• How often do you benchmark your hiring suppliers? Be in the know on what is out there. Jake encourages clients to do this quarterly.
• It is good to have more than just one supplier. For example, we advise clients to have a variety of different suppliers, all supplying in their number one specialist level and area.
• Move fast during the hiring process and have contracts with your search firm agreed ahead of time so that they are ready to go as soon as you are. Move slowly, and you run the risk of losing the best candidates.
• Think ahead. Have a supplier list of Executive Search companies set up and ready to go so that you can move fast upon securing the funding. Regular RFP’s are a great way to find the best Executive Search firms. Your future self will thank you for this.

Take a look at our Executive search page HERE to find out more.

Public companies: We find the people who can give a more established business a competitive edge, either driving transformation and digitalization of the product/service or breaking into new markets.

We specialise in: Fintech, SaaS, Cyber Security, and Technology. We save you time, money, and stress by providing flexible hiring services to secure and retain effective and sustainable leadership talent whether that be Executive search, or Business Intelligence, Talent Acquisition Advisory, and Salary Benchmarking. 

• How often do you benchmark your hiring suppliers? Be in the know on what is out there. We encourage clients to do this quarterly.
• It is good to have more than just one supplier. For example, we advise clients to have a variety of different suppliers, all supplying in their number one specialist level and area.
• Move fast during the hiring process and have contracts with your search firm agreed on ahead of time so that they are ready to go as soon as you are. Move slowly, and you run the risk of losing the best candidates.
• Think ahead. Have a supplier list of Executive Search companies set up and ready to go so that you can move fast upon securing the funding. Regular RFP’s are a great way to find the best Executive Search firms. Your future self will thank you for this.

Take a look at our Executive search page here to find out more.