Full-Time

Commercial Lead

Posted on 9/10/2024

Plaid

Plaid

1,001-5,000 employees

Connects financial accounts to apps securely

Fintech
Financial Services

Compensation Overview

$112.6k - $183.7kAnnually

Senior

Remote in USA

Category
Business Development
Business & Strategy
Requirements
  • A business decathlete
  • Desire to build a scalable business platform to further deliver on Plaid’s mission
  • Demonstrated ability to work cross-functionally on challenging, high visibility internal projects
  • Demonstrated ability to effectively communicate and drive results with senior external stakeholders
  • Interest in financial services and technical products; a high degree of intellectual curiosity
  • Excitement to work in a high-growth, ambiguous environment and to help build processes and tools as needed
Responsibilities
  • Collaborate closely with Plaid’s Sales, Account Management, and Partnerships teams to ensure contracts continue to offer the best fit for prospects and customers
  • Creatively enable new deals with top prospects while staying true to Plaid’s operating practices
  • Drive successful renewals, upsells, and cross-sells with top customers to increase usage and adoption of key Plaid products
  • Craft pricing strategies that work for Plaid, prospects, and existing customers
  • Evolve and improve commercial terms, practices, and processes
  • Serve as the GTM expert on a given GBT with regard to contracting, pricing, and billing requirements for new products and services
  • Serve as the GTM voice and single point of contact for cross-functional special projects.

Plaid simplifies financial data management for individuals and businesses by connecting various financial accounts to apps and services. Its main product is a set of APIs that allow developers to integrate financial data into their applications, enabling users to track spending, initiate payments, and access financial services all in one place. Plaid serves a wide range of clients, including app developers and financial institutions, and is used by popular apps like LendingTree and Square. Unlike many competitors, Plaid focuses on providing a comprehensive suite of APIs that cover various financial use cases, ensuring secure and seamless data sharing. The company's goal is to empower clients to offer better financial services to their users through reliable and scalable technology.

Company Stage

Series D

Total Funding

$714.3M

Headquarters

San Francisco, California

Founded

2013

Growth & Insights
Headcount

6 month growth

4%

1 year growth

12%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of open banking APIs presents growth opportunities for Plaid.
  • Plaid's collaboration with Dwolla and Ansa boosts its pay-by-bank capabilities.
  • Plaid's strategic partnership with Salsa simplifies payroll processes, expanding market reach.

What critics are saying

  • Rising competition from API-based banking solutions like FIS's Code Connect.
  • Potential compliance costs from new U.S. data-sharing rules.
  • Legal challenges in data-sharing partnerships, as seen with PNC.

What makes Plaid unique

  • Plaid offers seamless financial data integration through robust APIs for diverse clients.
  • Plaid's partnerships enhance its capabilities in payroll and HR tech sectors.
  • Plaid's Pay by Bank solution provides cost-effective recurring payment options.

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Benefits

We've got you covered: From medical, life, and 401ks, we’re here to support your physical, mental, and financial wellbeing.

Everyone is an owner: We want everyone to feel ownership over their work - literally, which is why we offer equity to full-time Plaids.

Vacation your way: We want to make sure you have time to meet your personal needs with unlimited PTO and two weeks of synchronous, company-wide vacation.

Grow your skills: Every Plaid is in control of their career development with our learning stipends, tools, and trainings.

INACTIVE