Internship
Perpay
51-200 employees
Facilitates interest-free paycheck installment payments
No salary listed
No H1B Sponsorship
Philadelphia, PA, USA
This is not a remote opportunity; it is 100% onsite.
- Currently enrolled in or will receive a Bachelor’s in Data Science, Computer Science, Computer Engineering, Information Systems or an equivalent technical discipline with an expected graduation date between winter 2025 – summer 2026
- Knowledge of machine learning and statistical research
- Experience using SQL for acquiring and transforming data
- Proficient in programming, analysis and visualization using object-oriented programming languages (Python preferred)
- Experience with object-oriented programming languages (Python preferred)
- Bonus: Enrolled in a Master’s Degree or advanced technical degree
- Previous work experience in a technical field
- Experience with implementing machine learning solutions to production environments
- Understanding of modern scalable data science platforms
- Learn and gain real work experience before graduation
- Leverage expansive data sets to research, identify and build features to train models and drive real impact
- Apply knowledge of modeling, statistical methodologies, and exploratory data analysis
- Partner with business leaders and communicate solutions designed to drive company growth
- Think proactively and futuristically to identify opportunities to contribute to the long-term roadmap for Data Science
- Develop skills to succeed in a fast-paced tech start-up environment
Perpay provides a financial solution that allows consumers to shop without the burden of high-interest rates. Users can make purchases and pay for them over time through interest-free payments that are automatically deducted from their paychecks. The process begins with users answering a few questions to determine their spending limit, which can range from $500 to $2,500. Once approved, they can shop immediately, with payments spread over a series of installments, typically eight. This model is particularly beneficial for those who may not have access to traditional credit options or prefer to avoid interest charges. What sets Perpay apart from its competitors is its focus on interest-free payments and the convenience of direct paycheck deductions, simplifying the repayment process. The company's goal is to make shopping more accessible and affordable for its members, providing a straightforward alternative to traditional credit options.
Company Size
51-200
Company Stage
N/A
Total Funding
$2.5M
Headquarters
Philadelphia, Pennsylvania
Founded
2016
Simplify's Take
What believers are saying
- Rising demand for flexible payment options boosts Perpay's interest-free installment model.
- AI integration can refine Perpay's spending limit assessments, improving user experience.
- Embedded finance trends offer Perpay expansion opportunities through e-commerce partnerships.
What critics are saying
- Increased competition from fintech startups may erode Perpay's market share.
- Regulatory scrutiny on income-based limits could raise compliance costs for Perpay.
- Economic downturns may affect users' repayment ability, impacting Perpay's financial stability.
What makes Perpay unique
- Perpay offers interest-free payments deducted directly from paychecks, simplifying user experience.
- The company targets consumers avoiding traditional credit, providing a unique market position.
- Perpay's model supports significant credit score increases, enhancing user financial health.
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Benefits
Competitive salary + company equity
401k with company match
Medical / Dental / Vision insurance
Pre-tax Public Transportation benefit
Relocation assistance
Student loan company match
Gym subsidy with City Fitness
Cell phone plan
Paid parental leave
Unlimited PTO
Optional work from home (WFH) up to 4 weeks per year