Simplify Logo

Full-Time

Head of Product

Posted on 6/6/2024

Nova Credit

Nova Credit

51-200 employees

Translates international credit data for newcomers

Data & Analytics
Consulting
Enterprise Software
Fintech
Social Impact
Financial Services

Compensation Overview

$250k - $272kAnnually

Senior, Expert

Remote in USA

Category
Product Management
Product Strategy
Product
Required Skills
Data Science
Requirements
  • Product Strategy & Roadmap Execution
  • Leadership Experience
  • Mission & Impact Driven
  • Cross-functional Collaboration
  • Team Development
Responsibilities
  • Craft long-term product strategy
  • Scale mature products
  • Harden Product-Market Fit for emerging products
  • Hone in on wholly new product lines
  • Partner closely with engineering, data science, technical program management, and go-to-market teams
  • Mentor and scale team's capabilities
  • Partner with Recruiting and People to hire and onboard new team members

Nova Credit helps newcomers to the U.S. by translating their international credit histories into standardized credit reports through its service called Credit Passport®. This allows financial institutions to assess the creditworthiness of these individuals, enabling them to access products like credit cards and loans. Additionally, Nova Credit offers Cash Atlas™, which uses bank transaction data to improve risk prediction for consumers with limited credit histories. The company aims to assist financial institutions in expanding their customer base and enhancing their lending decisions.

Company Stage

Series C

Total Funding

$124.4M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

6%

1 year growth

12%

2 year growth

59%
Simplify Jobs

Simplify's Take

What believers are saying

  • Nova Credit's recent $45 million Series C funding round indicates strong investor confidence and provides ample resources for growth and innovation.
  • The launch of the Nova Credit Platform signifies a commitment to redefining credit data onboarding and underwriting, potentially attracting more financial institutions.
  • Collaborations with global entities like Creditinfo and Nottingham Building Society expand Nova Credit's reach and influence in international markets.

What critics are saying

  • The reliance on international credit data may face regulatory challenges and data privacy concerns in different jurisdictions.
  • The competitive fintech landscape requires continuous innovation to maintain a unique value proposition and avoid being overshadowed by larger players.

What makes Nova Credit unique

  • Nova Credit's unique Credit Passport® service translates international credit data into a standardized U.S. credit report, a niche not widely addressed by competitors.
  • Their Cash Atlas™ product leverages consumer-permissioned bank transaction data to enhance risk prediction, providing a dual advantage for both thick-file and thin-file consumers.
  • Strategic partnerships with major financial institutions like RBC and HSBC highlight Nova Credit's credibility and market penetration.

Benefits

Medical, Dental, and Vision are 99% subsidized for Nova Credit employees, and 50% for dependents.

Nova Credit sponsored 401K plan.

On each work anniversary, Nova Credit will reimburse the cost of a roundtrip economy ticket to any destination in the world.

Unlimited vacation policy.

INACTIVE