Full-Time

Partnerships Account Executive

Enterprise

Posted on 9/6/2024

Plaid

Plaid

1,001-5,000 employees

Connects financial accounts to apps securely

Fintech
Financial Services

Compensation Overview

$143.4k - $231.1kAnnually

Senior

San Francisco, CA, USA

Hybrid position based in San Francisco.

Category
Strategic Account Management
Sales & Account Management
Requirements
  • 5+ years business development, partnerships, or enterprise sales experience in a dynamic high-growth environment (quota carrying role or similar). 8+ years of overall work experience.
  • Proven ability to close and grow large partner relationships (>$1m++ ARR)
  • Strong communicator and internal relationship builder, who can collaborate cross-functionally (e.g., with our Product and technical teams) on complex topics
  • A strong business generalist with strategic mindset to build a holistic partner program in addition to individual partner relationships
  • Payments and previous B2B technology experience are a strong plus
Responsibilities
  • Own all aspects of the partner deal cycle (strategy, prospecting, discovery, alignment, negotiation, execution) with support from our cross-functional teams (product, implementation, commercial, legal).
  • Elevate our partner relationships through key milestones – from completed integration to “first customer live” to scale, and ultimately to selling additional products.
  • Collaborate with teams such as product and implementation to enable continued growth of our scaled partnerships program, such as by sharing product feedback and scaling needs.

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 and scalable platform that covers various financial use cases, such as transactions and identity verification. The company's goal is to enhance the way users interact with their financial data, making it easier and more secure.

Company Stage

Series D

Total Funding

$714.3M

Headquarters

San Francisco, California

Founded

2013

Growth & Insights
Headcount

6 month growth

4%

1 year growth

13%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of open banking APIs expands Plaid's market for API services.
  • Plaid's strategic partnerships could increase its market share in digital payments.
  • Demand for seamless financial data integration boosts Plaid's service adoption.

What critics are saying

  • Competition from API-based solutions like FIS's Code Connect challenges Plaid's market share.
  • New data-sharing rules in the U.S. could impose compliance costs on Plaid.

What makes Plaid unique

  • Plaid offers a robust API platform for seamless financial data integration.
  • Plaid's partnerships enhance its capabilities in the pay-by-bank space.
  • Plaid provides secure and reliable financial services for diverse clients.

Help us improve and share your feedback! Did you find this helpful?

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