Full-Time

Growth Account Executive

Posted on 9/3/2024

Karat

Karat

11-50 employees

Financial services for social media influencers

Fintech
Financial Services

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 Stage

Debt Financing

Total Funding

$54.2M

Headquarters

San Francisco, California

Founded

2014

Growth & Insights
Headcount

6 month growth

-5%

1 year growth

-12%

2 year growth

-7%
Simplify Jobs

Simplify's Take

What believers are saying

  • Karat raised $70M in 2023, indicating strong investor confidence and growth potential.
  • Partnerships with Visa enhance Karat's credibility and expand its financial product offerings.
  • The rise of micro-influencers expands Karat's potential customer base significantly.

What critics are saying

  • Increased competition from fintech startups could erode Karat's market share.
  • Regulatory scrutiny on non-traditional credit assessments may impact Karat's operations.
  • Volatility in social media algorithms can affect influencers' income stability 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 co-founders have experience 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

INACTIVE