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Full-Time

Head of Engineering

Posted on 6/18/2024

Settle

Settle

51-200 employees

Payment solutions for CPG brands

Fintech
Financial Services

Senior

Remote in USA + 2 more

More locations: New York, NY, USA | Ukraine

The job is remote with team members located in the US and Ukraine. The company's office is located near Union Square in NYC for occasional work.

Category
Engineering Management
Software Development Management
Required Skills
Communications
Ruby on Rails
Requirements
  • 5+ years of experience managing managers in a fintech startup environment
  • Excellent leadership and communication skills
  • Proficiency in CS fundamentals and Ruby on Rails
  • Bachelor's or Master's degree in Computer Science or related field
Responsibilities
  • Lead and mentor a distributed engineering team
  • Champion a culture of supportiveness and efficiency
  • Collaborate with product and business counterparts to build roadmaps
  • Establish and maintain best practices for software development

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

15%

1 year growth

0%

2 year growth

3%
Simplify Jobs

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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