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Full-Time

Head of Product

Posted on 8/23/2024

Paystand

Paystand

51-200 employees

Digital payment processing for B2B clients

Data & Analytics
Fintech

Compensation Overview

$215k - $240kAnnually

+ Equity + Stock Options

Senior, Expert

Santa Cruz, CA, USA

All roles are on-site only. Only English resumes will be considered. #LI-Onsite

Category
Product Management
Product
Required Skills
Market Research
Sales
Communications
Management
Marketing
Requirements
  • Proven experience as a Head of Product, VP of Product, or similar senior product leadership role within the Fintech, SaaS, or Financial services industry.
  • Deep understanding of the Fintech landscape, with experience in payments, financial transactions, and related services.
  • Understanding of AR and AP in the USA/LATAM or cross-border markets is highly desirable.
  • Demonstrated success in developing and launching innovative Fintech/SaaS products.
  • Strong leadership and team management skills, with the ability to inspire, motivate, and influence cross-functional teams.
  • Excellent analytical and problem-solving skills, with a data-driven approach to decision-making.
  • Exceptional communication and interpersonal skills, capable of effectively engaging with stakeholders at all levels.
  • A degree in Business, Computer Science, Engineering, or a related field; MBA or advanced degree preferred.
Responsibilities
  • Develop and communicate a compelling product vision and strategy that aligns with the company’s mission and business objectives.
  • Conduct extensive market research and competitive analysis to identify opportunities for innovation and differentiation in the B2B payments space, focusing on AR and AP solutions in the US and LATAM markets.
  • Create and maintain a long-term product roadmap that supports the company’s strategic goals.
  • Lead the product management team in defining product roadmaps, prioritizing features, and managing the product lifecycle from concept to launch and beyond.
  • Prioritize product features and initiatives based on business goals, customer needs, and market trends.
  • Ensure the timely delivery of high-quality products that meet customer needs and drive business growth.
  • Foster a culture of innovation within the product team, encouraging creative solutions and continuous improvement.
  • Work closely with departments including Engineering, Sales, Marketing, Customer Success, and Operations to ensure alignment and support for product initiatives.
  • Foster a collaborative and high-performing team culture, providing mentorship and professional development for product managers and other team members.
  • Serve as the primary liaison between the product team and the executive leadership, ensuring clear communication and alignment on strategic priorities.
  • Champion the voice of the customer, ensuring that product decisions are informed by customer feedback and data.
  • Build and maintain strong relationships with key customers and partners to gather insights and drive product adoption.
  • Adapt product strategies and features based on customer feedback and market trends to stay ahead of the competition.
  • Ensure products deliver exceptional user experiences and solve real customer problems.
  • Define and track key product performance metrics, using data to drive decisions and measure success.
  • Continuously improve product management processes and methodologies to enhance efficiency and effectiveness.
  • Develop and implement systems to measure the impact of product changes on business outcomes.
  • Report on product performance and impact to senior leadership.
  • Expand the Paystand Network, creating a seamless payer portal and smart checkout process, optimizing cash application, managing disputes, and streamlining bank reconciliation.
  • Key initiatives include integrating solutions with ERP systems, developing a universal connector, automating collection processes, implementing convenience fees and incentives, etc.

Paystand offers a digital payment processing platform for business-to-business (B2B) clients, allowing them to accept payments online and streamline their financial operations. Instead of traditional per-transaction fees, Paystand uses a Payments-as-a-Service model with a fixed monthly or annual fee, helping businesses predict costs and save money. The platform features real-time updates, analytics for cash flow forecasting, and embedded payment links in invoices to enhance the payment experience. Paystand aims to reduce costs and improve customer experiences for its clients.

Company Stage

Series C

Total Funding

$80.8M

Headquarters

Scotts Valley, California

Founded

2013

Growth & Insights
Headcount

6 month growth

7%

1 year growth

3%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • The acquisition of Teampay and partnerships with major ERP systems like Microsoft Dynamics 365 position Paystand for significant growth and market penetration.
  • Paystand's blockchain-enabled platform and zero-fee model can lead to substantial cost savings and operational efficiencies for businesses.
  • The company's rapid expansion, now serving over 1 million businesses and processing over $10 billion in transactions, indicates strong market acceptance and scalability.

What critics are saying

  • The fintech market is highly competitive, with numerous players offering similar digital payment solutions, which could pressure Paystand to continuously innovate.
  • Integrating Teampay and other acquisitions may present challenges in unifying technologies and corporate cultures, potentially slowing down progress.

What makes Paystand unique

  • Paystand's Payments-as-a-Service model eliminates per-transaction fees, offering predictable costs and potential savings for high-volume transaction businesses, unlike traditional payment processors.
  • The integration of blockchain technology in Paystand's platform enhances security and transparency, setting it apart from conventional B2B payment solutions.
  • Paystand's recent acquisition of Teampay expands its capabilities in spend management, creating a more comprehensive financial operations platform.

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