Full-Time

Growth Account Executive

Posted on 9/3/2024

Karat

Karat

11-50 employees

Financial services for social media influencers

Compensation Overview

$85kAnnually

+ Commission + Bonus + Equity

Mid

Remote in USA

Remote position available in the United States, excluding Alaska and Hawaii.

Category
Inside Sales
Sales & Account Management
Growth & Marketing
Required Skills
Sales
Marketing
Requirements
  • 3+ years of professional SaaS/B2B/cloud-based sales experience
  • Previous experience as a BDR, MDR, or SDR preferred
  • Proven track record in handling sophisticated mid-market sales cycles from start to finish with a track record of successful revenue attainment (5-figure and 6-figure deals)
  • Sales-related experience with CTOs and leadership within Talent and/or People teams or within the recruiting industry preferred
  • Demonstrated ability to excel in a highly dynamic, fast-paced environment
  • Experience cultivating mutually beneficial relationships with strategic partners and alliances
  • History working with Client Success, Sales Ops, Product, Engineering and Marketing teams
  • Strong fluency in written and spoken English
Responsibilities
  • Use consultative selling techniques to offer unique perspectives on each client’s business, recruiting strategy and processes.
  • Research and target relevant companies using prospecting tools, networking, etc.
  • Generate scalable revenue and hit target quota on a quarterly and annual basis.
  • Communicate the value of the Karat platform to new prospective customers through a variety of strategic conversations and product demonstrations.
  • Lead the complete sales cycle from opportunity identification to contract negotiation and close across all product lines by working with clients, prospects, and internal teams.
  • Expand within other divisions within mid-market clients as-needed.
  • Partner with additional go-to-market teams on retention, expansion, and upsell opportunities.

Karat provides financial services specifically designed for social media influencers and content creators. The company offers customized credit cards that take into account the unique financial situations of influencers, who often have significant income from sponsorships and brand partnerships but may not have traditional credit histories. By using social media metrics like follower count and engagement rates to evaluate creditworthiness, Karat enables influencers to access credit products that meet their needs. Unlike traditional banks, which may overlook this niche market, Karat focuses on providing tailored financial solutions that offer liquidity and flexibility. The goal of Karat is to empower influencers to manage their finances effectively and support their business growth.

Company Size

11-50

Company Stage

Series B

Total Funding

$54.2M

Headquarters

San Francisco, California

Founded

2014

Simplify Jobs

Simplify's Take

What believers are saying

  • Karat raised $70M in funding, indicating strong investor confidence and growth potential.
  • Partnership with Visa enhances Karat's credibility and expands its financial product offerings.
  • Growing demand for influencer-specific financial products supports Karat's business model.

What critics are saying

  • Increased competition from fintech startups could erode Karat's market share.
  • Regulatory scrutiny on influencer marketing may impact Karat's operations and offerings.
  • Volatility in social media algorithms may affect influencers' income and creditworthiness.

What makes Karat unique

  • Karat offers credit solutions based on social media metrics, not traditional credit scores.
  • The company provides tailored financial services for influencers, a niche yet growing market.
  • Karat's leadership includes experts from Instagram and Goldman Sachs, enhancing industry insights.

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Benefits

Generous time off

Drive impact

401k matching

Health + wellness

Flexible work environment

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-12%

2 year growth

-10%
Karat
Jan 14th, 2025
Creator Bootcamp, TikTok Ban Update, & 2025 Trends

On January 27th, trykarat.com is launching Creator Bootcamp-2 weeks of free workshops with some of your favorite creators and industry experts.

Karat
Dec 31st, 2024
The Playbook for Success on Socials

This year, trykarat.com launched Creator Studio-a free Discord community dedicated to helping creators connect, monetize, and grow.

LA TechWatch
Jul 20th, 2023
The LA TechWatch startup daily funding report: 7/20/2023

Karat Financial, a finance and credit card platform for creators and influencers, has raised $40M in Series B funding led by SignalFire.

Daily Insights
Jul 20th, 2023
Karat, a startup building financial tools for content creators, raises $70M | TechCrunch - DAILY INSIGHTS

Karat, a startup building financial tools for content creators, raises $70M | TechCrunch - DAILY INSIGHTS.

TechCrunch
Jul 19th, 2023
Karat, a startup building financial tools for content creators, raises $70M | TechCrunch

Karat Financial, a startup offering credit to creators, has raised $70 million in venture capital on the heels of a Visa partnership.

INACTIVE