Full-Time

Sales Development Representative

Posted on 10/1/2024

Melio

Melio

501-1,000 employees

Digital payment solution for small businesses

Consumer Software
Fintech
Financial Services

Compensation Overview

$50k - $60kAnnually

+ Bonus

Entry

New York, NY, USA

Hybrid position requiring 3 days in-office in New York City.

Category
Inside Sales
Sales & Account Management
Required Skills
Salesforce
Requirements
  • 0-1+ years of experience managing leads, or in another sales/customer-facing position
  • Drive to build valuable relationships with potential customers
  • Strong time management skills, with quota-carrying experience
  • Effective and professional verbal and written communication skills
  • Self-motivated, resourceful, organized, and excellent communication skills
  • Ability to take initiative, work autonomously and meet deadlines
  • Bonus points for experience utilizing a CRM to track and maintain business leads and future deals, Salesforce preferred
  • Bonus points for prior experience working for a fintech startup or a high growth startup is a plus
Responsibilities
  • Responsible for qualifying, educating and enrolling vendors onto the Melio Supplier Network (MSN)
  • Complete 60-100 supplier calls daily, and help build the leading B2B Network that adds tremendous value for our Melio users
  • Provide a top-notch onboarding experience for our vendors with strong communication and attention to detail
  • Drive revenue for Melio through educating and upselling Suppliers on premium features to add to their Melio tech-stack
  • Lead discovery within the Voice of the Customers to provide product feedback to influence and impact the evolution of the Melio product

Melio Payments provides a digital payment solution aimed at helping small businesses manage their finances more effectively. The platform allows businesses to pay vendors and suppliers using 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. Additionally, businesses can earn rewards on credit card expenses, adding value to their transactions. Melio charges a 2.9% fee for credit card payments, while ACH transfers are free, making it a cost-effective choice for many. The platform also 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 E

Total Funding

$636.2M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

0%
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.

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