Full-Time

Sales Development Representative I

Posted on 11/20/2024

Wisetack

Wisetack

51-200 employees

Consumer lending platform for point-of-sale financing

Fintech
Financial Services

Compensation Overview

$75kAnnually

+ Bonus + Equity

Entry

Remote in USA

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Cold Calling
Requirements
  • Bachelor’s degree in Business Administration, Sales, Communications, or related field
  • 2+ years in Sales, Business Development, or Partnerships with a track record of exceeding targets and experience working in a incentive-driven compensation model
  • Hunter mentality, with a high degree of comfort executing all stages of the BD lifecycle, from initial outreach (via email, LinkedIn, cold calling, or in person) through to sales closing, onboarding, and initial activation
  • Ability to work closely with cross-functional internal teams (e.g., Partnerships, Merchant Growth, Marketing, etc.)
  • Strong verbal and written communication skills and the ability to interface and influence at the senior levels
  • Self-motivated, detail-oriented, and with strong time management skills
  • Creativity and strong critical reasoning skills, and the ability to thrive in a fast-paced, dynamic work environment
  • Strong passion for Wisetack’s mission, and for the businesses that comprise our partners and customers.
  • The qualities of being intellectually curious, hardworking, self-starting, customer-oriented, and of prioritizing integrity over short term results
  • Ability to work effectively in an exclusively remote work environment
  • Knowledge of Home Services
Responsibilities
  • Identify and initiate pipeline discussions with potential Wisetack merchants, while handing off qualified prospects to the AE team.
  • Develop creative outreach campaigns to initiate discussions with target merchants to populate the upper sales funnel. Where appropriate, collaborate with Account Executives and other Growth team managers to inform outreach strategies and prioritize based on impact.
  • Generate new, high-quality leads that are aligned with Wisetack’s goals. Manage target prospects through the initial stages of the BD lifecycle.
  • Develop a detailed understanding of Wisetack’s value proposition (to borrowers and merchants) and product features in order to articulate the benefits to prospects.
  • Engage in comprehensive sales discussions with prospects to assess their business needs and communicate how Wisetack financing addresses those needs.
  • Develop insights about your target group and communicate product and marketing needs back through the Wisetack organization.
  • Where necessary, attend industry conferences to meet with prospects and generate new leads.

Wisetack operates in the financial services sector, focusing on consumer lending by providing businesses with a platform to offer real-time financing options at the point of sale. This enables customers to make purchases and pay over time, while businesses receive payment upfront, reducing the risk of late or missed payments. The primary clients are businesses across various industries, such as plumbing, electrical services, and auto detailing, which require upfront payment for their services or products. Wisetack integrates its technology directly with the business software of its clients, allowing customers to apply for financing quickly and securely, without the businesses needing to manage sensitive information. This model benefits both parties: businesses get paid immediately, and customers enjoy a clear and friendly payment option. Wisetack generates revenue by charging businesses a fee, typically a percentage of the transaction amount, for using its platform.

Company Stage

N/A

Total Funding

$100.6M

Headquarters

San Francisco, California

Founded

2018

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-4%

2 year growth

5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic partnerships with companies like WorkWave and JobNimbus expand Wisetack's market reach and enhance its service offerings.
  • The ability to offer flexible, pay-over-time options can drive higher sales for businesses, making Wisetack an attractive partner.
  • Wisetack's focus on real-time financing solutions positions it well in an economy where consumers are increasingly seeking flexible payment options.

What critics are saying

  • The competitive landscape of consumer lending and point-of-sale financing is crowded, requiring Wisetack to continuously innovate to maintain its edge.
  • Economic downturns or rising interest rates could impact consumer borrowing behavior, affecting Wisetack's revenue.

What makes Wisetack unique

  • Wisetack's seamless integration with business software allows for real-time financing without handling sensitive information, setting it apart from traditional lenders.
  • The platform's focus on point-of-sale financing for in-person services, such as plumbing and auto detailing, targets a niche market often overlooked by larger financial institutions.
  • Wisetack's transparent, customer-friendly financing options enhance user trust and satisfaction, a significant advantage in the consumer lending space.

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