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Full-Time

Business Development Director

Payments

Posted on 6/27/2024

Paxos

Paxos

201-500 employees

Blockchain-based financial services and digital assets

Fintech
Crypto & Web3

Senior, Expert

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Marketing
Requirements
  • Worked cross-functionally in fintech, financial services, and digital assets to launch new products from concept to execution
  • Significant experience in Payments and Financial Services
  • Strong experience in selling B2B enterprise technology to domestic and international enterprises
  • Experience building in regulated environments
  • Experience working in fast-moving and dynamic industries
  • A passion for working in highly ambiguous environments where you’ve proven you can be successful despite challenges from internal and external factors
  • An incredibly strong desire to learn, work hard and be a part of a winning team
  • Excitement about building innovative solutions that have never been created before, with a global impact that broadens access to financial services and improves people's lives
Responsibilities
  • Work closely with Product, Engineering, Solutions Engineering, Product Marketing, Legal & Finance to build new product solutions and take them to market
  • Build a go-to-market plan alongside cross functional partners to set the direction, goals, timelines and milestones for the product build
  • Collaborate with Legal (Commercial & Regulatory) in order to understand how Paxos can enter the market from a regulatory perspective and then work with Commercial counsel to draft contracts in order to execute partnerships
  • Work hand-in-hand with Paxos leadership and relevant stakeholders to ensure we are executing the right strategy and leveraging our resources strategically
  • Source, negotiate and close partnerships with executives at some of the largest enterprises in the world to launch innovative new products across the fintech, payments and financial institution landscape
  • Immerse yourself in blockchain technology, cryptocurrency for enterprises and investors, our regulation-first approach, and more!

Paxos focuses on using blockchain technology to enhance financial markets by providing solutions for settling securities, commodities, and other transactions. Its main products include the Paxos Standard (PAX), a stablecoin pegged to the US dollar for secure transactions, and Paxos Gold (PAXG), a digital token backed by physical gold. The company differentiates itself by combining transaction fees, custody services, and partnerships with major financial entities to generate revenue. Paxos aims to integrate blockchain into traditional finance to improve transparency, reduce settlement times, and lower costs.

Company Stage

Series D

Total Funding

$540.2M

Headquarters

New York City, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

-16%

1 year growth

-14%

2 year growth

-8%
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Simplify's Take

What believers are saying

  • Paxos' partnerships with major financial institutions like DBS Bank expand its market reach and service offerings.
  • The company's ability to secure regulatory approvals in multiple jurisdictions positions it for global expansion and increased adoption of its stablecoins.
  • Paxos' innovative products, such as PAXG, provide modern investment opportunities, attracting a diverse range of clients.

What critics are saying

  • The competitive landscape in the fintech and blockchain sectors is intense, requiring continuous innovation to maintain a competitive edge.
  • Regulatory scrutiny remains a significant risk, as seen with the SEC investigation and the potential for future regulatory challenges.

What makes Paxos unique

  • Paxos leverages blockchain technology to modernize financial transactions, setting it apart from traditional financial institutions.
  • Their stablecoin, Paxos Standard (PAX), and gold-backed token, Paxos Gold (PAXG), offer unique digital asset solutions that combine stability and physical asset backing.
  • Paxos' focus on regulatory compliance, as evidenced by approvals from the Monetary Authority of Singapore and the SEC investigation outcome, enhances its credibility in the fintech space.

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