Full-Time

Lead – Payroll Partnerships

Updated on 6/12/2025

Pinwheel

Pinwheel

51-200 employees

Financial technology platform for automating deposits

Compensation Overview

$180k - $190k/yr

+ On Track Total Earnings

Expert

New York, NY, USA

Requirement to work onsite at NYC headquarters 3 days a week.

Category
Strategy Development
Business Development
Business & Strategy
Requirements
  • 10+ years of experience in business development or partnerships at a high-growth startup where your work had an outsized impact on success.
  • Banking/finance and fintech experience.
  • History of closing multiple complex deals especially API or data access deals, with (a) clear success metrics and (b) a well-defined approach to negotiation.
  • Have a natural bias for action when solving problems.
  • Experience communicating with both internal and external (partners, customers, legal, etc.) stakeholders.
  • Experience managing contracts and working with legal teams.
  • Requirement to work onsite at NYC headquarters 3 days a week.
Responsibilities
  • Pursue, structure, and successfully negotiate data access partnerships with income platforms.
  • Create and evangelize the company's strategy to maximize coverage of providers and quality of data.
  • Partner with our product team to help bring net-new products to the PreMatch Network.
  • Establish success metrics and implement the strategy to meet KPIs.
  • Build strong, usable relationships with stakeholders across the entire partner ecosystem.
  • Understand our product and platform to be an advisor to partners, helping them see the value of a partnership with Pinwheel.
Desired Qualifications
  • You have the necessary mentality and skills to win
  • You are known amongst your friends as someone who is relentless in your pursuit of your goals and equally resourceful in achieving them, often finding the clever, non-obvious solution to any given problem
  • You thrive in situations where the answer is unclear, things aren’t working right, and the path to achieving success seems really hard because you take pride in overcoming hard things
  • You are able to quickly synthesize a lot of information and data and come up with an action plan to direct yourself and those around you to success
  • You regularly spend time figuring out how to improve yourself and your skills in your personal pursuit of greatness, however you define it
  • Whenever you encounter a problem, you dig unreasonably deep to figure out the underlying root causes and mechanics before you move towards a solution

Pinwheel provides a platform that simplifies financial processes for banks, lenders, and cryptocurrency companies. Its main product, Deposit Switch, automates the switching of direct deposits, allowing clients to become the primary financial institution for their customers. This increases profitability and customer lifetime value. The platform also offers insights into customer earnings from payroll and attendance systems, which can help in creating tailored financial products. Additionally, Pinwheel automates the retrieval of tax forms and offers income and employment verification services, which assist in managing lending risk and improving underwriting models. Unlike many competitors, Pinwheel focuses on automating manual tasks and providing actionable insights to enhance the financial health of end customers. The goal of Pinwheel is to streamline financial processes and improve the overall offerings of financial institutions.

Company Size

51-200

Company Stage

Series B

Total Funding

$77M

Headquarters

New York City, New York

Founded

2018

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for automated payroll solutions boosts Pinwheel's market potential.
  • Growing interest in earned wage access solutions drives partnerships with financial institutions.
  • Open banking trends encourage integration with platforms like Pinwheel, enhancing service offerings.

What critics are saying

  • Increased competition from Plaid may lead to pricing pressure and reduced market share.
  • Partnerships with nCino and Lumin Digital may not yield expected synergies or growth.
  • Reliance on partners like Envel and Bankjoy exposes Pinwheel to financial or operational risks.

What makes Pinwheel unique

  • Pinwheel is the only provider handling direct deposit switching and CRA-compliant data provision.
  • Pinwheel connects to over 1,400 platforms, covering nearly 80% of US paycheck recipients.
  • Pinwheel's Deposit Switch product automates direct deposit processes, increasing client profitability.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Parental Leave

401(k) Retirement Plan

Mentorship Program

Pet Insurance

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

-1%

2 year growth

4%
Retail Banker International
May 9th, 2025
Pinwheel and nCino collaborate to ease direct deposit switching

Pinwheel has teamed up with nCino, integrating its Direct Deposit Switching (DDS) service into nCino's Consumer Banking Solution.

IBS Intelligence
Jun 14th, 2024
Lumin Digital & Pinwheel team to strengthen Banks and Credit unions

Pinwheel, a FinTech that helps financial institutions, has announced a partnership with Lumin Digital (Lumin), a future-ready and cloud-native digital banking solution.

Finovate
Apr 18th, 2024
Bankjoy Teams Up with Account Activation Specialist Pinwheel

Pinwheel has raised $77 million in funding according to Crunchbase, and includes Indeed and Franklin Templeton among its investors.

Kiplinger
Aug 28th, 2023
Plaid Adds Direct Deposit Switching Services Partner

Plaid has chosen Pinwheel to provide complementary payroll data services for customers of its Income product and has chosen the payroll-focused intermediary software firm as a preferred provider for direct deposit switching services.

Finovate
Mar 27th, 2023
Pinwheel Launches Smart Branch to Bring Payroll Connectivity to Physical Bank Branches

Payroll data connectivity platform Pinwheel unveiled Smart Branch today.