Full-Time

Account Executive

Mid-Market

Confirmed live in the last 24 hours

Coast

Coast

51-200 employees

Provides smart fleet cards for businesses

Compensation Overview

$75k - $80k/yr

+ Performance Bonus + Signing Bonus + Equity Grant

Senior, Expert

Salt Lake City, UT, USA

Category
Inside Sales
Sales & Account Management
Required Skills
Salesforce
Requirements
  • Bachelor’s degree from a four year university
  • Minimum of 5+ years experience in B2B sales with 3+ years of full sales cycle experience as an AE
  • Familiarity with Fleet and Trade organizations is a bonus
  • Outstanding communication skills
  • Experience with outbound sales and lead generation using Salesforce, Outreach, and other key tools
  • Ability to identify and engage decision makers within a prospective client organization
  • Capable of demonstrating value and handling objections for a financial technology product
  • Comfort performing fast-paced, transactional, outbound and inbound sales
  • Proven track record at meeting and exceeding sales quotas
  • Strong sales toolkit: you can prospect, qualify, demonstrate, negotiate, and close deals
  • Willingness to build the ship and sail it at the same time as one of our very first sales hires
  • Positive attitude with a focus on having a growth mindset
Responsibilities
  • Own the entire customer sales cycle from prospect to close for businesses that operate between 50 and 1,000 vehicles
  • Drive revenue for Coast through consultative, customer-first, selling
  • Develop a sales pipeline through strategic outbound prospecting and closing large inbound leads
  • Articulate the Coast value proposition to qualified decision makers, finance teams, and C-level executives
  • Collaborate with marketing to create a holistic customer engagement strategy
  • Share customer feedback with Coast colleagues in product, finance, and risk to improve the user experience
  • Achieve and exceed sales targets and projected revenue goals
  • Provide input into the sales organization strategy to help us scale exponentially
  • Proactively develop recommendations to improve and optimize our sales engine
Desired Qualifications
  • Familiarity with Fleet and Trade organizations is a bonus

CoastPay provides smart fleet cards designed for businesses with fleet operations, such as delivery services and transportation companies, to help them manage and monitor their fuel spending. These cards allow businesses to set spending limits and restrict expenses to fuel only, which helps prevent overspending and fuel theft. CoastPay's cards are interchangeable and can be quickly activated or deactivated, enhancing security and efficiency. The company generates revenue through service fees but also offers rebates and cashback, which can lead to significant savings for its clients. CoastPay distinguishes itself from competitors by offering personalized, US-based support, making it easier for businesses to implement and manage their fleet card systems.

Company Size

51-200

Company Stage

Series B

Total Funding

$165.5M

Headquarters

New York City, New York

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Coast raised $40M in Series B funding, indicating strong investor confidence.
  • The company grew 10x in revenue and payment volume over 18 months.
  • Integration with Visa enhances Coast's credibility and market reach.

What critics are saying

  • Increased competition from integrated solutions like FleetUp and RoadFlex.
  • 60% of construction companies report wasteful spending and fleet card abuse.
  • Reliance on Visa ties Coast's success to Visa's strategic decisions.

What makes Coast unique

  • Coast offers smart fleet cards with customizable spending limits for businesses.
  • Their platform integrates with telematics for real-time data and improved expense management.
  • Coast provides US-based personalized support, enhancing client experience and system management.

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Benefits

Medical, dental, & vision coverage

Meaningful stock options

Flexible vacation policy

Proudly built in NYC

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
PYMNTS
Sep 29th, 2024
Vcs Think Rate Cuts Could Help Lending Fintechs

Are recent rate cuts good news for venture capitalist (VC) firms in the FinTech space?. A report Sunday (Sept. 29) by TechCrunch says the answer is yes, particularly for those FinTechs that depend on loans to keep cash flowing. Those FinTechs, the report said, include companies that provide fleet cards such as Ramp and Coast, earning money on transaction fees to merchants

Tech Startups
Jul 19th, 2024
Fintech startup Coast raises $40M in funding led by ICONIQ Growth to help companies manage fleet expenses

Fintech startup Coast raises $40M in funding led by ICONIQ Growth to help companies manage fleet expenses.

PR Newswire
Jul 18th, 2024
Coast Raises $40 Million Series B to Accelerate Adoption of Modern Fleet Payments

/PRNewswire/ -- New York-based Coast, which offers a simple and smart way for companies in the United States to manage fuel and fleet spending, today announced...

TechCrunch
Jul 18th, 2024
Fintech Startup Coast Lands $40M Just 4 Months After Its Last $25M Raise

Coast, a startup that describes itself as “a financial services platform for the future of transportation,” has raised $40 million in Series B funding — just four months after announcing a $25 million round, the startup has told TechCrunch exclusively.Back-to-back fundraises were common prior to and during the wild investment days of 2021, but have been much more rare since the VC market downturn in 2022. That makes Coast’s latest haul notable.New York-based Coast compares itself to the likes of Ramp and Brex in that it has developed expense management software for fleet operators and their employees. To that end, and like the aforementioned spend management companies, Coast has created a commercial charge card designed for the businesses that operate vehicle fleets — and that niche focus has served the company well. While Coast declined to divulge hard revenue figures, CEO and founder Daniel Simon told TechCrunch that the startup grew about “10x” in both annualized revenue and payment volume in the last 18 months. (We’ll just offer the obvious caveat that a fast rate of growth could indicate a small initial base.)Coast counts “thousands of businesses” as customers that operate fleets in service industries such as HVAC, plumbing, landscaping and pest control; construction; government fleets; and long-haul trucking — some with just a handful of fleet cards, and others with more than 1,000, the company says. To date, it has issued over 100,000 cards.Image Credits: CoastICONIQ Growth led Coast’s Series B round, which also included participation from existing backers Accel, Insight Partners, Vesey Ventures and Avid Ventures, as well as new investor Thomvest

VC News Daily
Jul 18th, 2024
Coast Raises $40M in Series B

Coast, a company that helps manage fuel and fleet spending, announced it has raised $40 million in a Series B round led by ICONIQ Growth. Existing investors Accel, Insight Partners, Vesey Ventures, and Avid Ventures, along with new investor Thomvest, also participated. Coast aims to transform the US B2B card payments infrastructure, focusing on commercial fleets and vehicles.