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Full-Time

People Analytics

Posted on 5/14/2024

ONE Finance

ONE Finance

501-1,000 employees

Digital banking platform with high-yield savings

Fintech

Compensation Overview

$125k - $150kAnnually

Mid, Senior

Remote in USA

Category
Human Resources
People & HR
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • 3 to 7 yrs relevant experience
  • An act-like-an-owner mentality. We have a bias toward taking action.
  • You’re a spreadsheet wizard (string parsing, lookups, conditional logic, etc). You have experience in Ashby, Coda, Google Sheets
  • An understanding of data warehousing
  • Getting things done is in your DNA, and you will execute quickly and excellent
  • You understand the importance of building reliable processes enabled by best-in-class technology
  • Finally, you thrive in a creative, scrappy, and collaborative environment in which the best ideas change the company's direction on a regular basis
Responsibilities
  • Gathering and analyzing qualitative and quantitative data on HR metrics, making data-driven recommendations to enhance people strategies and processes.
  • Partnering with cross-functional teams to ensure accuracy and fidelity of data systems and structures, and deliver improvements from conception to completion.
  • Collaborating with business partners in People, Talent, and other departments to understand their data needs and provide relevant insights.
  • Developing and implementing a comprehensive people technology strategy that aligns with the organization's hiring and business goals.
  • Interpreting data, tracking internal benchmarks, and building case studies for leadership to inform interventions.
  • Additional duties as assigned by your manager.

One Finance provides a digital banking platform through its mobile app, allowing users to manage their finances easily. The app offers a debit Mastercard® and is designed for both individuals and small businesses seeking a convenient way to handle their money. By partnering with Coastal Community Bank, One Finance offers a high-yield savings account with an Annual Percentage Yield (APY) of up to 5.00% on balances up to $250,000, which is significantly higher than typical savings accounts. The company generates revenue primarily through interchange fees when customers use their debit card for purchases. Additional features include early direct deposit, cash back rewards at Walmart, instant money transfers, and overdraft protection. One Finance aims to provide cost-effective financial solutions that help customers grow their savings and manage their finances without the burden of monthly fees.

Company Stage

M&A

Total Funding

$66.7M

Headquarters

New York City, New York

Founded

2022

Growth & Insights
Headcount

6 month growth

19%

1 year growth

80%

2 year growth

221%
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Simplify's Take

What believers are saying

  • The potential launch of a BNPL service backed by Walmart could significantly expand ONE Finance's product offerings and customer base.
  • High APY on savings accounts can attract a large number of customers looking for better returns on their deposits.
  • The backing and majority ownership by Walmart provide financial stability and a strong market presence.

What critics are saying

  • The fintech market is highly competitive, with numerous players offering similar services, which could impact customer acquisition and retention.
  • Reliance on interchange fees for revenue may be vulnerable to regulatory changes and market fluctuations.

What makes ONE Finance unique

  • ONE Finance offers a high-yield savings account with an APY of up to 5.00%, significantly higher than the industry average.
  • The partnership with Coastal Community Bank allows ONE Finance to provide banking services without being a bank itself, reducing regulatory burdens.
  • The integration of features like early direct deposit, cash back at Walmart, and overdraft protection makes ONE Finance a comprehensive financial solution.
INACTIVE