Full-Time

Product Management

Posted on 5/1/2024

Pinwheel

Pinwheel

51-200 employees

Financial technology platform for automating deposits

Fintech
Financial Services

Compensation Overview

$175k - $225kAnnually

Senior

New York, NY, USA

Requires onsite presence in NYC for three days a week.

Category
Product Management
Product
Required Skills
Product Management
Requirements
  • 5-7+ years of experience in product within B2B tech. Preferably, within startup or fintech environments that have sold into enterprise customers.
  • Ability to thrive in a fast-paced environment.
  • Experience with 0-to-1 product launches and products at scale.
  • Strong quantitative analysis skills.
  • Strong written communication skills.
  • Nice-to-have: experience building infrastructure APIs (and the challenges that come with their slower adoption and iteration cycles).
  • Willing to work onsite at NYC headquarters 3 days a week.
Responsibilities
  • Building innovative products for our lending and income verification customers and prospects to help them underwrite consumers.
  • Critical analysis of key features, market segmentation, pricing, technical deliverables and competitive analysis.
  • Establishing yourself as a thought leader and acting as a steward for customer centricity both internally and externally.
  • Working closely with Pinwheel sales, engineering, marketing, and design teams to bring your vision to reality.
  • Developing systems so projects deliver high-quality results even if you’re not involved day-to-day.

Pinwheel provides a platform that simplifies financial processes for banks, lenders, and cryptocurrency companies. Its main product, Deposit Switch, automates the switching of direct deposits, allowing clients to become the primary financial institution for their customers, which can lead to increased profitability. The platform also offers insights into customer earnings from payroll and attendance systems, enabling tailored financial products. Additionally, Pinwheel automates tax form retrieval and income verification, helping clients manage lending risks and improve underwriting. Unlike competitors, Pinwheel focuses on automating manual tasks and providing actionable insights to enhance financial health. The goal is to improve the financial services experience for both clients and their customers.

Company Stage

Series B

Total Funding

$74.9M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

-7%

2 year growth

1%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing interest in consumer-permissioned data access aligns with Pinwheel's business model.
  • Rising adoption of digital banking solutions benefits Pinwheel's partnerships with platforms like Lumin Digital.
  • Expansion of earned wage access services supports Pinwheel's flexible payroll options.

What critics are saying

  • Increased competition from Plaid could lead to pricing pressure and reduced market share.
  • Rapid expansion and significant funding rounds may lead to overvaluation and strategic missteps.
  • Launch of Smart Branch may face adoption challenges with traditional banks.

What makes Pinwheel unique

  • Pinwheel is the only provider CRA compliant with the Fair Credit Reporting Act.
  • Pinwheel connects to over 1,400 payroll platforms, covering 80% of US paycheck recipients.
  • Pinwheel's Deposit Switch product automates direct deposit switching, increasing customer lifetime value.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Parental Leave

401(k) Retirement Plan

Mentorship Program

Pet Insurance

INACTIVE