Simplify Logo

Full-Time

VP – Business Development

Updated on 10/23/2024

Nium

Nium

501-1,000 employees

Global fintech for real-time payment solutions

Fintech
Financial Services

Compensation Overview

$180k - $220kAnnually

Senior

San Francisco, CA, USA

Requires onsite presence in San Francisco for three days per week.

Category
Business Development
Business & Strategy
Required Skills
Data Analysis
Requirements
  • 5+ years proven track record in cross border payments business development.
  • Demonstrate entrepreneurial and strategic mindset, commercially focused and pragmatic, able to identify opportunities and propose solutions.
  • Identify, secure, and manage relationships with clients across the USA and Canada, effectively negotiating and persuading prospects.
  • Ability to understand and tailor approach to individual customers with empathy, effectively playing the role of problem-solver for the customer.
  • Effectively navigate the respective financial and Fintech regulatory environment.
  • Data driven and analytical mindset.
  • Results-oriented, client focused and obsessed with simultaneously delivering value.
  • Self-motivated, adept in working individually and as part of a global team.
Responsibilities
  • Embrace an entrepreneurial mindset and the highest degree effectiveness while engaging in sales management, relationship management and account management across the various domains the have our presence such as banking, financial services, credit card processing, e-commerce, or payments.
  • Identify, secure, and manage relationships with clients across the region, effectively negotiating and persuading potential clients the value that Nium can add to their business.
  • Have a constant drive to go beyond past performance and visibly demonstrate track record beating performance when it comes achieving financial targets via cross-selling and upselling, and ability to generate sales leads, effectively negotiate, and close transactions.
  • Work into and effectively navigate the respective financial and fintech regulatory environment.
  • Generate revenue from clients, and achieve pre-agreed targets on customer flows, revenues and profitability.
  • Calm and conscientiously manage high pressure situations across a range of clients with differing business needs and operating environment across the region.
  • Demonstrate business development and consultative selling skills with results-orientation to meet/exceed assigned financial and customer satisfaction goals.
  • Pro-actively scout for opportunities in the marketplace through direct contact as well as partners. The job will involve building relationships with key players in banks, financial firms, marketplaces, ecommerce providers and others to generate qualified opportunities, mapping the account, influencing key decision makers, convincing the client about value proposition and closing the deal.

Nium specializes in real-time payments, providing a platform that allows businesses to send and receive funds instantly, manage foreign exchange transactions, and prevent fraud. Its services cater to banks, fintech companies, and money service businesses that require efficient cross-border money movement. Nium offers competitive foreign exchange rates, direct debit options, and solutions for corporate purchasing and supplier payments, which help businesses streamline operations and enhance profitability. The platform is powered by a proprietary API, enabling easy integration of Nium's services into existing systems for quick and efficient money transfers. Unlike many competitors, Nium focuses on real-time global money movement and charges fees for its services, including payment processing and fraud mitigation. The goal of Nium is to optimize financial transactions for businesses, making them faster and more secure.

Company Stage

Series D

Total Funding

$265M

Headquarters

San Francisco, California

Founded

2016

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-7%

2 year growth

6%
Simplify Jobs

Simplify's Take

What believers are saying

  • Being named among the 'World's Top Fintech Companies 2024' by CNBC highlights Nium's industry leadership and growth potential.
  • The appointment of Spencer Hanlon as COO signals a strong commitment to global expansion and operational excellence.
  • Collaborations with major entities like Air France, KLM, and BS2 Bank demonstrate Nium's ability to secure high-profile partnerships, enhancing its market position.

What critics are saying

  • The fintech sector's volatility, as seen with fluctuating investor interest, could impact Nium's financial stability.
  • Complexities in foreign exchange management for global marketplaces may pose operational challenges.

What makes Nium unique

  • Nium's proprietary API allows seamless integration of real-time payment solutions into existing systems, setting it apart from competitors with less flexible platforms.
  • The company's focus on real-time cross-border payments and competitive foreign exchange rates provides a unique value proposition in the global payments market.
  • Nium's strategic partnerships with major airlines and banks enhance its credibility and expand its reach in specialized sectors like travel and LATAM banking.

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