Full-Time

Director of Business Development

Confirmed live in the last 24 hours

Kafene

Kafene

51-200 employees

Consumer leasing with flexible payment options

Fintech
Consumer Goods

Compensation Overview

$130k - $150kAnnually

+ Commission

Senior

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Data Analysis

You match the following Kafene's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 5+ years of relevant experience in financial services sales or selling services/products to retailers, with a consistent track record of exceeding goals and expectations.
  • Working knowledge of fintech/payments products and services.
  • Experience and a deep understanding of business development and revenue growth.
  • Outstanding interpersonal, oral, and written communication and presentation skills, with the ability to collaborate internally and externally at all organizational levels.
  • Demonstrated executive presence.
  • Deep knowledge of sales strategy and operations.
Responsibilities
  • Take the lead in developing new client relationships, acting as the liaison between Kafene’s lease-to-own (LTO) purchase options and prospective client needs.
  • Champion the business development function at Kafene by identifying avenues for enhancing opportunities to achieve sustainable business growth.
  • Meet quarterly revenue targets while effectively managing the pipeline and accurate forecasting.
  • Develop and execute sales strategies to exceed targets.
  • Identify and pursue prospects within Mid-Market retailers.
  • Network and source leads to consistently reach new potential clients.
  • Deliver compelling sales presentations that address client needs and showcase Kafene’s value proposition.
  • Conduct thorough needs assessments and create tailored solutions for retail and other industry partners.
  • Continuously analyze sales performance data to improve decision-making.
  • Negotiate and close complex deals, collaborating with internal departments to ensure smooth retailer onboarding.
  • Achieve monthly net revenue goals and surpass sales targets.

Kafene provides lease-to-own options for a wide range of products, including furniture, appliances, electronics, tires, and wheels. The company targets consumers who seek financial flexibility and prefer not to pay for items upfront. Customers can apply online without a credit check, and the application process does not affect their credit score. Once approved, they can lease products from their chosen store, with approval amounts up to $5,000. Kafene customizes lease pricing to meet individual needs, making it a flexible and affordable solution. The company generates revenue through lease payments and is known for its customer-centric service, accommodating changes in payment schedules and ensuring customer satisfaction. Kafene's goal is to provide accessible leasing options that empower consumers with financial flexibility.

Company Size

51-200

Company Stage

Debt Financing

Total Funding

$74.9M

Headquarters

New York City, New York

Founded

2019

Simplify Jobs

Simplify's Take

What believers are saying

  • Kafene's partnerships with major retail groups expand their market reach and customer base.
  • The rise of AI-driven financial services enhances Kafene's customer experience and satisfaction.
  • Increased consumer interest in sustainable models drives demand for Kafene's lease-to-own options.

What critics are saying

  • A recent data breach may damage Kafene's reputation and consumer trust.
  • Increased competition from fintech companies could erode Kafene's market share.
  • Potential regulatory scrutiny on lease-to-own agreements could impact Kafene's operations.

What makes Kafene unique

  • Kafene offers flexible lease-to-own options without credit checks, unlike traditional lenders.
  • Their AI-driven underwriting provides personalized financial solutions, enhancing customer satisfaction.
  • Kafene's app-based virtual wallets offer seamless and convenient transaction experiences.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Unlimited Paid Time Off

Gym Membership

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

3%

2 year growth

0%
Claim Depot
Jan 8th, 2025
Kafene, Inc. Data Breach Affects 6,283 Americans

Point-of-sale financing company, Kafene, Inc., recently experienced a significant data breach.

Furniture Today
Mar 19th, 2024
How will BrandSource perk up LTO sales? With a shot of Kafene

NEW YORK - Buying group BrandSource has reached an agreement with point-of-sale leasing platform Kafene.

PR Newswire
Mar 13th, 2024
Kafene Named To Forbes List Of America'S Best Startup Employers Of 2024

Kafene included on the prestigious list for the second straight yearNEW YORK, March 13, 2024 /PRNewswire/ -- Kafene, a fintech startup that offers flexible purchase options through lease-to-own ("LTO") agreements, is pleased to announce its recognition as one of Forbes' Best Startup Employers of 2024. This marks Kafene's second consecutive year being included on the prestigious list.Forbes' America's Best Startup Employers list, compiled in conjunction with Statista Inc., recognizes the top 500 startups displaying excellence across employer reputation, employee satisfaction, and growth. Millions of data points were gathered and analyzed. Out of 20,000 companies, 3,000 qualified for in-depth analysis, and 500 startups made the final ranking for distinguished corporate culture and employee engagement practices."It's wonderful to see Kafene continually recognized as a top destination for talent in the fintech space," said Neal Desai, Co-Founder & Chief Executive Officer, Kafene. "Our people are our most valuable asset, and this award underscores our commitment to creating a dynamic and supportive culture where employees can thrive professionally and personally."Kafene's recognition highlights its unwavering commitment to fostering excellence and innovation. Since its founding in 2019, Kafene has facilitated over $150 million in incremental sales for its 2,000+ retail partners

Furniture Today
Feb 7th, 2024
Leasing platform provider adds two in senior roles

NEW YORK - Kafene, a point-of-sale leasing platform providing lease-to-own agreements, has appointed Vin Thomas as general counsel and corporate secretary and Tony Cerino as senior vice president of partnerships.

PR Newswire
Jan 31st, 2024
Trinity Capital Inc. Provides $15 Million Venture Debt Facility To Kafene

PHOENIX, Jan. 31, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $15 million in growth capital to Kafene, a point-of-sale platform that helps retailers offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements.Kafene's lease-to-own platform has generated more than $150 million in incremental sales for its retailer partners since its launch in 2020. With a proprietary machine learning model that leverages more than 20,000 data inputs, Kafene's tiered financing approach offers each customer an optimized financing option based on their risk profile – an innovative solution in the lease-to-own industry."Kafene's advanced underwriting process makes it more efficient and affordable for consumers across the credit spectrum thereby allowing merchant partners to expand their customer base," said Andrew Ghannam, Managing Director, Tech Lending at Trinity. "We're excited to partner with their team and look forward to supporting the company's growth."In 2023, Kafene finalized its Series B venture funding round at $31 million in equity financing led by Third Prime alongside existing investors.This incremental growth capital will enable the team at Kafene to continue to scale its commercial operations and reach a broader consumer base."It is very exciting to work with a capital partner like Trinity that is so aligned with Kafene's vision for the future," said Neal Desai, Co-Founder & Chief Executive Officer, Kafene. "This partnership will fuel our ability to serve Kafene's growing network of merchants and customers while delivering high-quality credit performance for years to come."About Trinity Capital Inc.Trinity Capital Inc

Furninfo
Nov 7th, 2023
Kafene Partners with Furniture Marketing Group to Widen Access to Flexible Leasing Options

Kafene, a point-of-sale leasing platform that helps retailers offer underserved customers more flexible purchase options through lease-to-own ("LTO") agreements, announced a merchant partnership with Furniture Marketing Group ("FMG").

Finsmes
Oct 2nd, 2023
Kafene Raises Additional $12.6M; Closes $30.8M Series B

Kafene, a NYC-based provider of a point-of-sale financing platform, raised additional $12.6M in Series B funding.The funding, which brought the total amount of the round to $30.8M, was led by Third Prime, alongside existing investors. The company intends to use the funds to further accelerate its merchant partnerships and its overall commercial business.Led by CEO  Neal Desai, Kafene is a point-of-sale financing platform for merchants of furniture, appliances, electronics, tires and other goods to offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements. It utilizes more than 20,000 data inputs in combination with artificial intelligence and machine learning technologies to approve, use efficient risk-based pricing, and enable payment in a near-instantaneous manner while creating a customer experience.Kafene has financed more than $100M in lease-to-own agreements in less than three years after the product first launched. FinSMEs02/10/2023

PR Newswire
Oct 2nd, 2023
Kafene Closes Series B Extension with $12.6 Million in Additional Equity Investment to Capitalize on Recent Business Momentum

Kafene recently surpassed $100 million in customer financing and upsized its credit facility to finance more consumers

AlleyWatch
Oct 2nd, 2023
The AlleyWatch Startup Daily Funding Report: 10/2/2023

OneChronos, a smart markets infrastructure platform to match orders for institutional investors, has raised $40M in Series B funding led by Addition.

KSNT
Mar 7th, 2023
Kafene Named on Forbes list of America's Best Startup Employers of 2023

Kafene, a cutting-edge digital platform utilized by merchants at the point-of-sale to help offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, is honored to announce its inclusion as one of Forbes ' "Best Startup Employers" of 2023.

PR Newswire
Nov 30th, 2022
Kafene Announces Three Executive Hires As It Continues To Build Out Its Management Team

Shujah Awan joins as General Counsel, Preeti Krishnan joins as SVP, Strategy & Operations, and Rob Reckinger joins as VP, SalesNEW YORK, Nov. 30, 2022 /PRNewswire/ -- Kafene, a cutting-edge digital platform utilized by merchants at the point-of-sale to help offer underserved consumers more flexible purchase options through transparent lease-to-own (LTO) agreements, announced three executive level hires as the company expands its management team.Shujah Awan becomes Kafene's first General Counsel and will lead the company's legal and compliance team, Preeti Krishnan joins as SVP, Strategy & Operations to head up strategic infrastructure and operations, and Rob Reckinger joins as VP, Sales, where he will run Kafene's sales team.Awan brings to bear a robust legal and financial services background along with experience in scaling early-stage fintech companies. He most recently served as Chief Legal Officer of Roxe, a group of blockchain infrastructure companies powering global payments and the DeFi ecosystem, and additionally as General Counsel of CapVenture Partners (and Co-General Partner of its venture fund), an investment management and advisory firm focused on fintech startups. Awan previously held senior-level roles at various fintech companies and also worked in private practice where he focused on complex commercial matters. He holds a B.S. in Computer Science from New Jersey Institute of Technology and a J.D