Full-Time

Product Manager

Updated on 1/21/2025

Mission Lane

Mission Lane

201-500 employees

Provides transparent credit card solutions

Fintech
Financial Services

Compensation Overview

$108.3k - $118.3kAnnually

+ Annual Incentive Program + Equity

Mid

No H1B Sponsorship

Toronto, ON, Canada

Category
Product Management
Product
Required Skills
Product Management
Requirements
  • 2+ years of product management experience or 4+ years of consulting experience
  • Experience defining and influencing roadmaps which optimize enterprise value against customer, business, and technology problems
  • A strong bias toward action and a proven track record of delivering minimum viable products to market at rapid speed
  • Persistence and creative ‘get it done’ approach to ensure successful outcomes for your product, our customers, our employees, and our company
  • Willingness to take big swings which can (and should!) have massive impacts on our trajectory
  • Excellent communication skills to lead and inspire teams and leadership
  • A structured problem-solving approach to help a team work through a wide range of issues
  • Intellectual curiosity for emerging technologies and engineering challenges
  • Ability to actively seek out multiple opinions, yet make independent decisions and influence positive outcomes
Responsibilities
  • A thought leader for the company - innovating and driving exceptional experiences for our customers
  • A critical part of the Product team, building out the strategy and roadmap
  • Creative and driven to achieve results through outside the box thinking
  • Driving results focused on quality customer experience, the growth of our business, operational efficiency, and risk mitigation
  • Working closely with stakeholders to deliver in a high quality and high impact manner
  • Passionate about delivering fair and clear credit to our customers
  • Flexible enough to cross traditional job definition lines (we're a startup, so you will wear more than just a PM hat)
Desired Qualifications
  • Experience or knowledge in the fintech and/or other regulated space
  • A strong quantitative background

Mission Lane provides accessible and transparent credit solutions, primarily through credit cards aimed at individuals looking to build or rebuild their credit. Their credit cards come with no hidden fees, no security deposits, and no activation fees, making them attractive to consumers who are cautious about traditional credit card fees. The company generates revenue through interest on outstanding balances and late payment fees, but distinguishes itself with a focus on fairness and transparency. A notable feature is the instant decision on credit card applications, allowing users to know their approval status quickly. Additionally, Mission Lane offers free access to credit scores, educational resources, and reports to major credit bureaus, helping clients improve their creditworthiness. Their goal is to support responsible credit use by rewarding good financial behavior with higher credit limits over time.

Company Stage

Late Stage VC

Total Funding

$687.8M

Headquarters

Richmond, Virginia

Founded

2018

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

0%

2 year growth

-3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Recent $150 million investment supports aggressive expansion and product development.
  • Credit Builder Account offers unique value with no fees or interest for credit improvement.
  • Brandon Black's appointment as CEO brings strategic growth and operational excellence.

What critics are saying

  • Increased competition from fintechs could erode Mission Lane's market share.
  • Economic downturns may lead to higher default rates, impacting profitability.
  • Rapid tech advancements require continuous updates, straining Mission Lane's resources.

What makes Mission Lane unique

  • Mission Lane offers credit cards with no hidden fees or security deposits.
  • Instant credit card application decisions reduce customer anxiety and waiting times.
  • Partnership with Plaid enhances access to over 7,000 financial apps and services.

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Benefits

Full health, dental, and vision benefits

FSA

Paid parental leave

401k with company match

Generous PTO

Flexible work schedule