Full-Time

Product Management Lead

Posted on 5/29/2025

Perpay

Perpay

51-200 employees

Interest-free paycheck-deducted installment payments

No salary listed

Philadelphia, PA, USA

In Person

100% onsite; no remote option.

Category
Product (1)
Required Skills
Product Management
Requirements
  • Proven experience managing and mentoring Product Managers, ideally in a growth-stage environment.
  • Strong operational leadership and execution discipline—you bring structure and systems that help teams thrive without slowing them down.
  • Excellent communication and cross-functional collaboration skills.
  • Experience working in high-performing product development environments.
  • Direct-to-consumer experience is a plus, but not required.
  • Comfort with ambiguity and an ability to create clarity for others.
  • A bias for action and a mindset of ownership—you lead by example.
Responsibilities
  • Help to lead and manage our team of Product Managers
  • Lead hiring, onboarding, and professional development for new PMs as the team scales
  • Partner closely with Engineering, Design, Data, Risk, Marketing, Finance, and Operations to execute a high-impact roadmap
  • Design and implement scalable product development processes, including planning cadences, product reviews, prioritization rituals, and cross-functional communication systems
  • Help to shape roadmap priorities, team OKRs, and long-term org design
  • Drive accountability, clarity, and delivery across multiple product lines
Desired Qualifications
  • Direct-to-consumer experience is a plus

Perpay provides a platform for interest-free installment shopping. Users receive a spending limit based on a few questions and pay for their purchases through automatic deductions taken directly from their paychecks. Unlike many competitors that rely on traditional credit checks or high-interest loans, Perpay uses payroll integration to simplify the repayment process. The company's goal is to make significant retail purchases more accessible and affordable for people who want to avoid debt.

Company Size

51-200

Company Stage

N/A

Total Funding

$2.5M

Headquarters

Philadelphia, Pennsylvania

Founded

2016

Simplify Jobs

Simplify's Take

What believers are saying

  • CFPB 2024 guidance on earned wage access legitimizes paycheck-deduction compliance framework.
  • Marqeta partnership enables scaled card issuance to 2 million members rapidly.
  • Credit score increases (32 points in three months) drive retention and referrals.

What critics are saying

  • Celtic Bank regulatory scrutiny over subprime lending halts credit card operations.
  • Marqeta outages or pricing increases cripple card issuance and repayments.
  • CFPB enforcement against deceptive BNPL practices forces shutdown or restructuring.

What makes Perpay unique

  • Automatic credit bureau reporting builds credit history unlike most BNPL competitors.
  • Paycheck-linked repayment model reduces default risk through direct deposit integration.
  • Income-based spending limits ($500–$2,500) target underbanked consumers systematically.

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Benefits

Competitive salary + company equity

401k with company match

Medical / Dental / Vision insurance

Pre-tax Public Transportation benefit

Relocation assistance

Student loan company match

Gym subsidy with City Fitness

Cell phone plan

Paid parental leave

Unlimited PTO

Optional work from home (WFH) up to 4 weeks per year

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

7%
PaySpace Magazine
May 8th, 2025
Perpay Selects Marqeta to Power Consumer Credit Card

Perpay selects Marqeta to power consumer credit card.

INACTIVE