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Full-Time

Payments Partnerships Manager

Posted on 7/3/2024

Melio

Melio

501-1,000 employees

Digital payment solution for small businesses

Consulting
Fintech
Financial Services

Compensation Overview

$116k - $136.5kAnnually

+ 401K Matching + Stock Options

Senior, Expert

New York, NY, USA

Category
Commercial Banking
Finance & Banking
Required Skills
Communications
Requirements
  • 5+ years of demonstrated experience in successfully building and maintaining exceptional partnerships/relationships in the payments/financial services ecosystem
  • Ability to professionally perform under pressure and resolve operational challenges
  • A sense of urgency and prioritization of multiple different types of tasks
  • Excellent interpersonal and communication skills
  • Ability to pitch to C-level executives, both internally and externally
  • Bachelor's degree in Business, Economics, or other relevant fields
  • Candidates with an MBA + 3 years of relevant experience will be considered
Responsibilities
  • Support product integrations and onboarding of new banking/fintech partners
  • Explore, scope, and evaluate new partnership opportunities in the payments ecosystem
  • Negotiate terms of agreement with new money movement partners
  • Achieve outstanding expertise in different core operational activities
  • Own a part of the day-to-day operational activity and ongoing relationship with existing financial institutions partners
  • Identify new opportunities that can be driven by payment infrastructure partnerships

Melio Payments provides a digital payment solution aimed at helping small businesses manage their finances more effectively. The platform allows businesses to pay their vendors and suppliers through various methods, including ACH bank transfers and credit cards. A notable feature is the option to defer credit card payments for up to 45 days, which assists in cash flow management. Businesses can also earn rewards on their credit card expenses. Melio charges a 2.9% fee for credit card transactions, while ACH transfers are free, making it a cost-effective choice. The platform enhances expense management by allowing businesses to assign roles, digitize approval workflows, and automate bill payments, all while ensuring the security of financial information. Melio's goal is to simplify the payment process for small businesses in the retail and e-commerce sectors, providing them with greater control over their finances.

Company Stage

Series D

Total Funding

$508.6M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

-4%

1 year growth

-3%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • The appointment of Boaz BenDavid as CFO brings extensive financial leadership, potentially driving Melio's strategic growth and operational excellence.
  • Melio's partnerships with major financial institutions like J.P. Morgan enhance its credibility and expand its service capabilities.
  • The new Pay experience and real-time payments feature can significantly improve user satisfaction and operational efficiency for small businesses.

What critics are saying

  • The fintech sector is highly competitive, with numerous players offering similar digital payment solutions, which could dilute Melio's market share.
  • Dependence on transaction fees, particularly the 2.9% credit card fee, may deter some cost-sensitive small businesses.

What makes Melio unique

  • Melio's ability to defer payments for up to 45 days using credit cards offers a unique cash flow management advantage for small businesses.
  • The platform's integration with ACH transfers at no cost provides a cost-effective alternative to credit card payments, unlike many competitors.
  • Melio's recent launch of real-time payments, supported by J.P. Morgan, sets it apart by enabling instant fund transfers, even on weekends and holidays.
INACTIVE