Product Manager - Store of Value

Mama Money; Cape Town; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A progressive fintech company in Cape Town is seeking a Store of Value Product Manager to lead the development of banking and store-of-value products. You will drive product strategy, collaborate with engineering and design teams, and ensure regulatory compliance. Ideal candidates will have 5+ years in product management within fintech or related industries. This role offers a dynamic work environment focused on innovation and customer impact.

Qualifications

• 5+ years of experience in product management, ideally in fintech, banking, payments, or savings products.
• Experience working across both front‑end and back‑end product development.
• Strong understanding of financial regulations and compliance requirements.

Responsibilities

• Define and drive the product vision, strategy, and roadmap for store‑of‑value solutions.
• Work with designers and front‑end engineers to create an intuitive customer experience.
• Collaborate with back‑end engineers to build secure financial systems.

Skills

Product management experience

Financial regulations understanding

Data-driven mindset

Communication skills

Experience in high-growth environments

Job description

Who we are

Mama Money is a growth stage fintech startup working to help migrant workers in South Africa send money home. Since 2015 we have been providing reliable remittances, at a socially fair price, to those that need it most.

Mama HQ is in beautiful Cape Town, South Africa. We are 131 people strong (and counting) from 19 countries across Africa, Asia, the UK, and Europe. Our culture is built around the well‑being of our team members and making a difference in our communities. “Just be lekker!” personifies our approach to work: we trust the wisdom of our talented and diverse team to do what is best for our customers and get the job done responsibly, without pedantic policies.

We’ve been around since 2015 and have earned a few accolades along the way, made some new friends, and expanded our reach. We’ve had some great times and some tough times but we continue to focus on helping people rather than maximizing profit.

Store of Value Product Manager

As the Store of Value Product Manager, you will own the end‑to‑end development of our banking and store‑of‑value products. This includes defining the product strategy, working with engineers on both the front end and back end. You will collaborate closely with cross‑functional teams, including engineering, design, compliance, operations, and customer support, to deliver a world‑class financial product.

Responsibilities

• Product Strategy & Roadmap: Define and drive the product vision, strategy, and roadmap for store‑of‑value solutions, including savings accounts, digital wallets, and banking integrations.
• User Experience & Design: Work with designers and front‑end engineers to create an intuitive and accessible customer experience.
• Back‑End & Infrastructure: Collaborate with back‑end engineers to build scalable, secure, and regulatory‑compliant financial systems.
• Cross‑Team Collaboration: Work closely with compliance, risk, marketing, and customer support teams to ensure the product meets regulatory requirements and delivers real value to customers.
• Data‑Driven Decision Making: Use analytics and customer insights to refine and optimize the product continuously.
• Market Research & Benchmarking: Stay informed about financial services trends, competitor offerings, and customer needs to ensure our product remains competitive.

Qualifications

• 5+ years of experience in product management, ideally in fintech, banking, payments, or savings products.
• Experience working across both front‑end and back‑end product development.
• Strong understanding of financial regulations and compliance requirements.
• Ability to translate business needs into technical requirements for engineers.
• Data‑driven mindset with experience using analytics tools to inform product decisions.
• Excellent communication skills to engage stakeholders across teams.
• Prior experience working in high‑growth, customer‑focused environments.

In your first 90 days at Mama Money you will:

• Get to know the ins and outs of our business, in particular, how the various systems and teams work together.
• Understand who we are, where we are coming from, and what we are trying to accomplish, taking our values into account.
• Get up to speed on the current and upcoming projects; understand the blockers and challenges and suggest innovations and changes.
• Work closely with the Tech Team to understand the quarterly priorities at Mama Money.
• Establish relationships with key external partners.

Why Mama?

At Mama Money, we’re not just a company—we’re a movement. Everything we do is driven by one purpose: to make life better for our customers and the communities we serve. Our customers are our heartbeat, and they inspire every step we take.

We’re all about making it easy. No red tape, no hassle. Just simple, seamless experiences that put people first, we’re here to make things easier, faster, and better for you.

We believe in giving it a go — and then giving it another go if we have to! We're a team of doers, dreamers, and innovators who aren't afraid to break the mold. We take bold steps, experiment with fresh ideas, and never stop learning.

At Mama Money, we own it — and we mean it. We take responsibility for our actions, our results, and how we show up every day. No passing the buck here. We approach every challenge with grit, passion, and determination.

Here’s the best part: Mama Money is a place that truly cares. We care about the trust our customers place in us. We care about our amazing team who bring their best every day. And we care about making an impact in the world, doing the right thing no matter what.

When you join Mama Money, you’re joining a community. We’re a passionate, down‑to‑earth crew that works hard and celebrates wins along the way. We take our work seriously, but we don’t forget to have fun while we do it.

So, if you’re ready to make a real difference, take on exciting challenges, and grow in a place where you’re valued and supported, then Mama Money is the place for you. Let’s make an impact—together.

Mama’s values

• 1. Making it easier for our customers
• 2. Give it a go
• 3. Just own it

NB: Applications only open to candidates in Cape Town, or candidates who are actively looking to relocate at their own expense.