Internship
Finance Internship
2025
Confirmed live in the last 24 hours
Perpay
51-200 employees
Facilitates interest-free paycheck deduction payments
Philadelphia, PA, USA
This is not a remote opportunity; it is 100% onsite.
- Currently enrolled in an MBA or relevant graduate degree program with an expected graduation date between Winter 2025 – Summer 2026
- Proficient in Excel, including pivot tables and VLOOKUP
- Strong analytical skills with acute attention to detail
- Interest in FinTech and the consumer credit landscape
- Deep understanding of financial statements and models
- Bonus: Previous experience working in finance or a data-driven role
- Bonus: Background in capital markets and/or valuation of assets
- Bonus: Proficiency in SQL
- Financial planning and analysis
- Analyzing financial performance related to our e-commerce and credit card operations
- Using tools like Excel to analyze key metrics and support decision-making processes
- Collaborating with other teams to prepare and deliver ad hoc strategic financial models
Perpay.com provides a financial solution that allows consumers to shop without the burden of high-interest rates. Users can make purchases and pay for them over time through interest-free payments that are directly deducted from their paychecks. The process begins with users answering a few questions to determine their spending limit, which can range from $500 to $2,500. Once approved, they can shop immediately, with payments automatically deducted in installments, typically over eight pay periods. This model is particularly beneficial for those who may not have access to traditional credit or prefer to avoid interest charges. What sets Perpay apart from its competitors is its focus on interest-free payments and the simplicity of direct paycheck deductions, making the repayment process easier for users. The company's goal is to make shopping more accessible and affordable for its members, providing a straightforward alternative to traditional credit options.
Company Stage
N/A
Total Funding
$2.4M
Headquarters
Philadelphia, Pennsylvania
Founded
2016
6 month growth
↑ 23%1 year growth
↑ 41%2 year growth
↑ 85%
Simplify's Take
What believers are saying
- Perpay's rapidly growing user base of 2 million members indicates strong market demand and potential for continued growth.
- The interest-free payment model can attract a broad range of consumers, including those wary of incurring debt, thereby expanding the customer base.
- Partnerships with retailers can provide additional revenue streams and enhance the shopping experience for users.
What critics are saying
- The competitive landscape of financial technology and retail markets means Perpay must continuously innovate to maintain its unique value proposition.
- Reliance on paycheck deductions could pose risks if users experience job instability or changes in employment status, affecting repayment.
What makes Perpay unique
- Perpay's unique model of interest-free payments directly deducted from paychecks sets it apart from competitors who often rely on traditional credit or high-interest installment plans.
- The straightforward approval process and immediate shopping capability provide a seamless user experience, unlike more cumbersome credit checks and approval processes seen elsewhere.
- By focusing on consumers who may not have access to traditional credit options, Perpay taps into an underserved market segment, offering a valuable alternative to high-interest loans.
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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