Full-Time
Risk Manager
PayJoy
1,001-5,000 employees
Provides credit access via device-collateral loans
No salary listed
Bengaluru, Karnataka, India
Hybrid
 Finance & Banking (1) |
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- 4–7 years of experience in credit risk, consumer lending, or a closely related analytical role
- Experience with Southeast Asian lending markets preferred; familiarity with the Philippines consumer finance landscape or BSP regulatory environment is a strong plus
- Strong track record of independently owning analytical projects from brief through to delivery, without requiring significant oversight
- Solid technical skills in SQL and Python — you use these tools to do real work, not just to demonstrate proficiency
- Exposure to credit scoring models or ML-based risk tools; comfortable interrogating model outputs and translating them into clear findings
- Comfortable using modern AI tools to automate recurring tasks and improve analytical throughput
- Highly organized and reliable — you keep your work on track, communicate proactively, and close your loops
- Clear written and verbal communication skills; able to present findings to both technical peers and non-technical business stakeholders
- Comfortable working across time zones to collaborate with Philippines-based operations teams
- English required; Filipino language skills are a plus
- Monitor and analyze credit portfolio performance for the Philippines business, tracking key risk metrics and producing regular reporting for senior stakeholders
- Execute data-driven analyses to assess the impact of credit policy changes before and after implementation, working within the framework set by senior risk leadership
- Build and maintain analytical tools, dashboards, and automated reports using SQL and Python to support ongoing risk monitoring and reduce manual effort
- Apply and track predictive credit models in production — flagging performance changes, documenting findings, and surfacing recommendations to senior leadership
- Leverage modern AI-powered developer tools (such as Claude Code) to automate recurring processes and improve the reliability of credit risk workflows
- Work closely with Philippines country operations, collections, and product teams to ensure credit risk considerations are reflected in day-to-day decisions
- Support compliance with BSP (Bangko Sentral ng Pilipinas) requirements and other applicable regulatory obligations for the Philippines market
- Grow into a team leadership role as the Philippines business and Bangalore hub scale — this is an IC position today with a supported and well-defined path to managing others
PayJoy provides credit access to underserved consumers in emerging markets by partnering with local banks and retailers. Its service uses mobile locking technology and data science to allow customers to buy smartphones and other devices on credit, with the device serving as collateral and locked until payments are made. The company differentiates itself through the device-collateral model and its network of financial institutions and retailers that extend credit to people without traditional bank accounts. Its goal is to expand affordable device access and support economic growth in emerging economies by connecting lenders with underserved consumers.
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$606.9M
Headquarters
San Francisco, California
Founded
2015
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Simplify's Take
What believers are saying
- PayJoy reached 20 million customers by May 4, 2026, signaling strong demand.
- A $140 million Neuberger Berman facility from December 2, 2025 funds Asia expansion.
- Waldo’s promotions in Mexico run through May 1, 2027, showing active retail distribution.
What critics are saying
- Samsung can tighten Knox financing controls and commoditize PayJoy’s core lock-based advantage.
- Mexico, Indonesia, and South Africa retailers can shift volume to local BNPL rivals quickly.
- If handset losses spike, PayJoy’s debt-funded model breaks before 2027 expansion pays back.
What makes PayJoy unique
- PayJoy’s device-lock collateral model turns smartphones into secured consumer credit.
- Samsung Knox partnership gives PayJoy hardware-backed remote locking across many Android models.
- Iván Canales, ex-Nubank Mexico, joined as CRO on April 6, 2026.
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Benefits
Health Insurance
Life Insurance
Disability Insurance
Wellness Program
Professional Development Budget
Commuter Benefits
Meal Benefits
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Home Office Stipend
Growth & Insights and Company News
6 month growth
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↓ -1%2 year growth
↓ -1%PayJoy, a financial services provider in emerging markets, has appointed Iván Canales as Chief Revenue Officer. Canales will lead global revenue strategy, focusing on scaling growth and expanding into new geographies. Canales previously served as Country Manager of Nu Mexico, where he launched Nubank's first Mexican product and scaled the business to over 12 million customers. He helped transform the operation from a regulated microfinance institution into one of Mexico's most significant financial institutions. Before Nubank, Canales held leadership positions at BlackRock, Amazon Web Services, Credit Suisse and Merrill Lynch. He holds an MBA from Stanford Graduate School of Business and a bachelor's degree in computer science from Cornell University. PayJoy has financed over $3.5 billion in loans to more than 19 million people across nine countries.
PayJoy receives $140M Debt Facility from Neuberger Berman Funds. PayJoy, a San Francisco, CA-based markets credit provider, raised $140M in Debt Facility from Neuberger Berman Funds. The amount will support the company's geographic and product expansion, ongoing investments in point-of-sale financing and credit cards, and continued growth across Latin America, Africa, and Asia. Led by CEO Doug Ricket, PayJoy expands credit access across emerging markets through point-of-sale financing and credit card products. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 Billion of loans with over 17 million people and employs over 1,000 people worldwide.
PayJoy, an emerging markets credit provider, has secured a $140 million corporate debt facility from funds managed by Neuberger Berman, expanding a partnership that began in 2022. The facility will support the company's geographic and product expansion across Latin America, Africa and Asia. The financing will fund PayJoy's ongoing investments in point-of-sale financing and credit cards as it works to expand credit access in emerging markets. CEO Doug Ricket said the partnership provides flexibility to serve millions more customers responsibly. Zhengyuan Lu, managing director at Neuberger Berman, cited PayJoy's technology-driven approach and strong track record as key factors in extending the relationship. The deal strengthens PayJoy's balance sheet whilst providing structural flexibility to support rapid growth and continued innovation.
PayJoy launches in Indonesia to advance inclusion through credit access. PayJoy JAKARTA, Indonesia, Nov. 26, 2025 /PRNewswire/ - PayJoy, a leading emerging-markets credit provider, today announced its official launch in Indonesia through a strategic partnership with PT Bank Sahabat Sampoerna (Bank Sampoerna). Building on its successful operations in the Philippines, Mexico, Brazil, South Africa, and other markets, PayJoy is introducing its inclusive credit solutions to Indonesia to further expand access to affordable and responsible credit across the region. "There's a significant gap in credit access across Southeast Asia, and PayJoy is committed to helping close it responsibly," said Rene Payan, Philippines Country Manager and PayJoy's lead for new-market launches. As Indonesia accelerates its digital transformation and the Financial Services Authority (OJK) targets 98% financial inclusion by 2045, PayJoy's entry supports national efforts to expand access to credit responsibly and sustainably. After scaling to 17 million customers worldwide, PayJoy is growing at an annualized 40 percent while maintaining profitability in 2025. PayJoy is on track to reach about US$650 million in revenue and US$110 million in profit by the end of 2025. Since its founding in 2015, PayJoy has become one of the world's most trusted innovators in alternative credit infrastructure. The company's expansion into Indonesia underscores its long-term commitment to creating open, equitable, and inclusive financial systems worldwide. About PayJoy PayJoy expands credit access across emerging markets through point-of-sale financing and card products. Its proprietary secured-credit technology enables first-time borrowers to responsibly build financial stability and participate fully in the modern economy. Through its cutting-edge machine learning, data science, and anti-fraud AI, PayJoy has financed over $3.5 billion of loans with over 17 million people and employs over 1,000 people worldwide. For more information, visit https://www.payjoy.com/. Logo - https://mma.prnasia.com/media2/2573822/PayJoy_logo.jpg?p=medium600
PayJoy, a Public Benefit Corporation, announced a significant investment in its PayJoy Asset Fund (PJAF) from T. Rowe Price Associates. This funding aims to enhance financial inclusion by broadening access to credit and smartphones in developing nations. PJAF manages over $250 million in assets, with plans to scale to over $1 billion. The investment supports PayJoy's mission to empower underserved communities, with research showing a 6% increase in household income for its customers.