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Case Study

Strategic Operating Design for FinTech Start-up

How a South African fintech start-up designed the operating model to support rapid team growth while maintaining product velocity.

Industry
FinTech
Region
South Africa
Size
65 employees

A South African fintech start-up had built a successful digital payments platform serving 2 million South African users. After raising funding, they planned to double their engineering team from 30 to 60 people within six months to expand product features and enter new market segments. The founding team recognized that their current operating model—built for a small, co-located team—would not support this rapid growth without fundamental redesign.

The Challenge

Growth ambition was colliding with execution reality.

The leadership team was experiencing the friction between hiring velocity and product delivery:

Product velocity declining

As the team grew, feature delivery slowed due to coordination overhead, unclear ownership, and competing priorities

Decision bottlenecks

The CTO was still approving every technical decision, creating delays and limiting team autonomy

Unclear team structure

No defined engineering organization structure—hiring was happening without clarity on roles, reporting lines, or accountability

Planning chaos

No structured planning process—roadmap priorities changed weekly based on whoever spoke to the CEO last

The CEO recognized they needed to design the operating model before continuing to hire.

FORMA's Approach

Duration: 5-week strategic operating design engagement

Phase 1: Operating Model Diagnostic (1 week)

FORMA mapped the current operating reality through interviews with the leadership team and engineering leads:

  • Decision rights and escalation patterns
  • Product planning and prioritization mechanisms
  • Team structure and reporting lines
  • Engineering practices and delivery cadence

Phase 2: Operating Architecture Design (3 weeks)

Working closely with the leadership team, FORMA designed:

Engineering Organization Structure

Squad-based model with clear ownership of product areas, reporting structure, and career progression framework for 60-person team

Decision Rights Framework

Clear delineation of what squad leads own (feature prioritization, technical decisions) versus what requires leadership approval (architecture changes, hiring, budget)

Product Planning Process

Quarterly planning cycle with transparent prioritization criteria, stakeholder input process, and roadmap communication framework

Hiring Roadmap

Sequenced hiring plan aligned to squad formation, with role definitions and onboarding process for new team members

Phase 3: Implementation Roadmap (1 week)

FORMA created a practical implementation roadmap including:

  • First squad formation and leadership appointments
  • First quarterly planning cycle facilitation
  • Decision rights training for squad leads
  • 30-day and 90-day review checkpoints

The Outcome

From bottleneck to blueprint.

Early results from implementation in progress:

Clear organization structure
Formed 4 product squads with defined ownership and leadership, ready to scale to 60 people
Decision velocity improved
Squad leads now own technical decisions within their domain, freeing CTO to focus on architecture and strategy
Planning process established
Completed first quarterly planning cycle with transparent prioritization and stakeholder alignment
Hiring confidence restored
Leadership team now hiring with clarity on roles, reporting structure, and squad placement

"We were about to double our team size without any operating model to support it. FORMA didn't give us generic startup playbooks—they designed a bespoke structure that fit our product, our culture, and our growth trajectory. We now have the operating architecture to scale to 60 people without losing velocity."

— CEO, FinTech Start-up

Why It Worked

Form gave shape to meaning.

The leadership team had the ambition (meaning) to scale the engineering organization, but lacked the operating architecture to execute it (form). FORMA's approach didn't impose a generic scaling framework—we designed a bespoke operating model that fit the company's product structure, team culture, and growth stage.

The focus was always execution, not documentation. Every design decision was tested against real hiring scenarios and refined with the leadership team to ensure it would work in operating reality.

Ready to design the operating model that enables your growth ambition?

This work starts with clarity—and moves quickly to execution.

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