Company

Novel Capital is a FinTech startup providing innovative revenue-based capital products to transform how companies fund their growth. Our innovative platform provides financing to tech and subscription companies that in many cases don’t fit the traditional banking or venture-capital equity models. Moreover, we seek to separate from transactional relationships and see ourselves as partners and advisors on all things capital. You can read more on revenue-based financing from Quartz, the New York Times, and TechCrunch.

Role

If you are a professional excited by the opportunity to be a part of a fast-growing, innovative fintech startup and looking for a chance to “break into” the early-stage investing space, this is your opportunity!

Ideal candidates will be excited by a fast-paced startup environment and find intrinsic reward in an unstructured environment where individuals own their actions and have an outsized impact. This role requires that you can function with the highest level of integrity within a highly confidential environment. You must believe in and demonstrate the utmost respect and empathy for all entrepreneurs and their work.

• Assess the risk profile of companies by analyzing their qualitative and quantitative financial information, developing investment memos, and presenting insights and recommendations for Investment Committee approval.
• Complete financial models to determine investment amounts and terms for companies approved for funding.
• Meet with CEOs of the companies that are seeking funding, and manage the full lifecycle of a deal including the funding evaluation process and due diligence.
• Identify alternative ways to assess risk that accelerates and improves our underwriting decisions.
• Identify opportunities to automate manual underwriting processes, and test out new hypotheses to streamline processes.
• Assist in optimizing and developing innovative financial products based on customer insights that are driven by data.
• Work on special projects as they arise.

• Bachelor’s degree in a relevant subject (i.e., Finance, Accounting, Engineering, Mathematics/Physics, Computer Science, Business) or MBA.
• At least 1 year of relevant experience with a Commercial Bank credit/underwriting team, Fintech risk/credit team, Venture Capital/Private Equity investment team, Big 4 accounting firm, or investment/credit risk team of an asset manager/credit fund/hedge fund.
• Strong analytical and quantitative skills. Adept at assessing company financial risks, including downside and sensitivity analysis.
• You know financial statements inside out.
• Mastery of Excel.
• Passionate about early-stage investing, startups, and our mission to serve early-stage technology entrepreneurs is a plus.
• Ability to thrive in a fast-paced startup environment.

Extra Credit

• Experience analyzing and/or underwriting software companies (i.e., software financial metrics, business model).
• CFA or CPA certified.
• Personal connection or experience with entrepreneurship.

Novel Capital’s fintech funding platform breaks down the traditional growth barriers faced by today’s B2B software companies. Their tech-first approach makes it easy for customers to leverage future recurring revenue for immediate access to non-dilutive capital. Paired with online data-driven insights and curated resources, the Novel platform empowers entrepreneurs to capitalize on their momentum.