Full-Time

Account Executive

Posted on 11/20/2024

Wisetack

Wisetack

51-200 employees

Consumer lending platform for point-of-sale financing

Fintech
Financial Services

Compensation Overview

$100kAnnually

+ Commission + Equity

Senior

Remote in USA

Category
Inside Sales
Sales & Account Management
Required Skills
Sales
Cold Calling
Salesforce
Requirements
  • Bachelor’s degree in business administration, marketing, communications, or related field
  • 5+ years in Sales, Business Development, or Partnerships with a track record of exceeding targets and experience working in a incentive-driven compensation model
  • Hunter mentality, with a high degree of comfort executing all stages of the sales lifecycle, from initial outreach (via email, LinkedIn, cold calling, or in person) through to sales closing, onboarding, and activation
  • Ability to work closely with cross-functional internal teams (e.g., Partnerships, Merchant Growth, Marketing, etc.)
  • Strong verbal and written communication skills and the ability to interface and influence at the senior levels
  • Self-motivated, detail-oriented, and with strong time management skills
  • Creativity and strong critical reasoning skills, and the ability to thrive in a fast-paced, dynamic work environment
  • Strong passion for Wisetack’s mission, and for the businesses that comprise our partners and customers.
  • Ability to work effectively in an exclusively remote work environment
  • The right candidate will be intellectually curious, hardworking, self-starting, customer-oriented, and will always prioritize integrity over short term results.
Responsibilities
  • Develop a high-quality pipeline of SMB and Mid-Market merchants with the goal of driving higher loan issuance for Wisetack.
  • Drive the sales process from start to close.  Onboard prospects and help them become active users of Wisetack financing, generating issuance volume.
  • Perform product demonstrations with prospects using screen share over Zoom.
  • Collaborate cross-functionally with other Growth teams (e.g., with Enterprise Sales team on high-value customers, with SDR team for lead generation).
  • Develop a detailed understanding of Wisetack’s value proposition and product features in order to articulate the benefits to prospects.
  • Develop insights about your target group and communicate product and marketing needs back through the Wisetack organization.
  • Demonstrate good pipeline hygiene by maintaining a complete, accurate, up-to-date sales pipeline and activity log on Salesforce.
  • Where necessary, attend industry conferences to meet with prospects and generate new leads.

Wisetack operates in the financial services sector, focusing on consumer lending by providing businesses with a platform to offer real-time financing options at the point of sale. This enables customers to make purchases and pay over time, while businesses receive payment upfront, reducing the risk of late or missed payments. The primary clients are businesses across various industries, such as plumbing, electrical services, and auto detailing, which require upfront payment for their services or products. Wisetack integrates its technology directly with the business software of its clients, allowing customers to apply for financing quickly and securely, without the businesses needing to manage sensitive information. This model benefits both parties: businesses get paid immediately, and customers enjoy a clear and friendly payment option. Wisetack generates revenue by charging businesses a fee, typically a percentage of the transaction amount, for using its platform.

Company Stage

N/A

Total Funding

$100.6M

Headquarters

San Francisco, California

Founded

2018

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-4%

2 year growth

5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic partnerships with companies like WorkWave and JobNimbus expand Wisetack's market reach and enhance its service offerings.
  • The ability to offer flexible, pay-over-time options can drive higher sales for businesses, making Wisetack an attractive partner.
  • Wisetack's focus on real-time financing solutions positions it well in an economy where consumers are increasingly seeking flexible payment options.

What critics are saying

  • The competitive landscape of consumer lending and point-of-sale financing is crowded, requiring Wisetack to continuously innovate to maintain its edge.
  • Economic downturns or rising interest rates could impact consumer borrowing behavior, affecting Wisetack's revenue.

What makes Wisetack unique

  • Wisetack's seamless integration with business software allows for real-time financing without handling sensitive information, setting it apart from traditional lenders.
  • The platform's focus on point-of-sale financing for in-person services, such as plumbing and auto detailing, targets a niche market often overlooked by larger financial institutions.
  • Wisetack's transparent, customer-friendly financing options enhance user trust and satisfaction, a significant advantage in the consumer lending space.

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