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Full-Time

Director of Partnerships

Posted on 6/28/2024

Settle

Settle

51-200 employees

Payment solutions for CPG brands

Data & Analytics
Fintech
Financial Services

Compensation Overview

$150k - $215kAnnually

+ Equity

Senior

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Sales
Communications
Marketing
Requirements
  • 5+ years in partnership management, business development, or a related field within the b2b Software/SaaS, fintech, or e-commerce sectors
  • Demonstrated ability to be resourceful and thrive in dynamic, rapidly evolving environments
  • Ability to manage and expand partnerships through effective negotiation and relationship management
  • Comfort with software integrations and working closely with technical teams to drive product enhancements and integrations
  • Strong analytical and strategic thinking skills
  • Outstanding communication skills
  • Experience leading cross-functional teams to achieve partnership goals and drive business growth
  • Bachelor’s degree required; MBA or relevant graduate degree a plus
Responsibilities
  • Develop a clear strategic plan for each partnership
  • Serve as the primary contact for partners, nurturing relationships and negotiating terms
  • Work closely with engineering, sales, and marketing teams to align on partnership goals
  • Oversee the technical integration of Settle's platform with partners
  • Coordinate with partner marketing teams to design and execute marketing initiatives
  • Track the performance of partnerships through KPIs
  • Scale successful initiatives to maximize impact

Settle offers a range of secure payment products tailored for Consumer Packaged Goods (CPG) brands, aiming to simplify cash flow management. Their tools help these brands understand and manage retailer and distributor margins, which is crucial for navigating challenges like supply chain disruptions and changing retail dynamics. Unlike many financial service providers, Settle focuses specifically on the needs of emerging CPG brands, allowing them to concentrate on growth rather than financial complexities. The company generates revenue by charging clients a fee or a percentage of transactions for its services, making it easier for CPG brands to handle their financial operations.

Company Stage

Series B

Total Funding

$521M

Headquarters

San Francisco, California

Founded

2019

Growth & Insights
Headcount

6 month growth

8%

1 year growth

-5%

2 year growth

2%
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Simplify's Take

What believers are saying

  • Settle's recent $145M credit facility from Silicon Valley Bank provides significant capital for expansion and product development, indicating strong financial backing.
  • The introduction of features like Automatic 3-Way Matching and the Purchasing Suite demonstrates Settle's commitment to innovation and improving operational efficiency for its clients.
  • Partnerships with Cin7 and Finaloop expand Settle's ecosystem, offering clients seamless integration and enhanced functionality, which can drive user adoption and satisfaction.

What critics are saying

  • The niche focus on CPG brands may limit market size and growth potential compared to more diversified fintech companies.
  • Dependence on strategic partnerships for enhanced functionality could pose risks if these partnerships dissolve or fail to deliver expected benefits.

What makes Settle unique

  • Settle focuses exclusively on CPG brands, offering tailored financial solutions that address unique challenges in retail and distribution margins, unlike broader fintech competitors.
  • The integration of real-time data analytics and AI-driven features like Automatic 3-Way Matching sets Settle apart by providing advanced, automated cash flow management.
  • Strategic partnerships with companies like Cin7 and Finaloop enhance Settle's platform, making it a comprehensive financial management solution for e-commerce and CPG brands.
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