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Merchant Services Product Leader

Finexio is the leader in AP Payments as a Service, providing embedded payment solutions for business-to-business transactions. Finexio simplifies B2B payments by integrating electronic payments and cash flow improvement solutions directly into customers' accounts payable and procurement software.

Our vision is a world in which finance leaders only have to decide "what" to pay - Finexio's software seamlessly handles the "how" and the "when".

We are growing revenue over 100% per year and are a leading disruptor in the B2B Payments and Fintech industry. The company has raised over $65m in investment and is backed by investors JP Morgan, Discover, NBH Bank, Mendon Venture Partners, and Valley Bank. These investors believe in the mission and technology so much so they are also customers and partners.

Role Overview

As the Merchant Services Product Leader, you will be responsible for building and launching Finexio's merchant services white label offering from the ground up. This is an entrepreneurial role combining product development and business development, where you will work directly with our partner to white label and commercialize their merchant services solution for Finexio's supplier and customer base.

Key Responsibilities

You will own the end-to-end development and growth of our merchant services business line, including:

 

  • Developing and executing the go-to-market strategy for white labeled merchant services
  • Managing the partner relationship and ensuring successful integration of their solution
  • Creating the commercial model and pricing strategy
  • Building the sales enablement program and training internal teams
  • Driving supplier and customer adoption through direct engagement
  • Establishing operational processes and risk management frameworks
  • Analyzing market opportunities and competitive dynamics
  • Measuring and optimizing business performance

 

 

 

Requirements

  • 5+ years of experience in merchant services, payment facilitation, or integrated payments
  • Proven track record of building and scaling new business initiatives from concept to execution
  • Deep understanding of merchant acquiring, payment processing, and risk management
  • Experience with white label partnerships and channel sales models
  • Strong commercial acumen and ability to structure win-win partnership agreements
  • Excellent stakeholder management and communication skills
  • Self-starter mentality with ability to operate independently
  • Technical literacy and understanding of payments APIs and integration approaches

Benefits

 

Why You'll Love Working at Finexio:

  • Entrepreneurial Environment: Build something new with the resources of an established company
  • Impact: Own a strategic growth initiative with C-level visibility
  • Speed: We move fast, love new ideas and give you the opportunity to push your limits
  • Culture: We are a humble, client-first team focused on collaborative data-driven success

 

What We Offer:

  • Competitive salary and equity package
  • Medical, dental, and vision insurance
  • Unlimited Vacation Policy
  • Quarterly virtual team building activities and monthly team lunches
  • The chance to work in a fast-paced start-up environment with experienced industry leaders
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What You Should Know About Merchant Services Product Leader, Finexio

At Finexio, we’re on a mission to revolutionize the B2B payments landscape, and we need a Merchant Services Product Leader to help us build a game-changing merchant services offering from the ground up. In this entrepreneurial role, you'll blend product development and business development to work closely with our partners, ensuring their merchant services solution is perfectly white-labeled for our supplier and customer base. This is an exciting opportunity to define and execute our go-to-market strategy, manage partner relationships, and create a robust commercial model for our services. With a proven track record in merchant services, payment facilitation, or integrated payments, you’ll be instrumental in driving adoption through direct engagement with our clients. You’ll measure and optimize business performance as you build operational processes and a risk management framework that aligns with our vision for seamless payments. If you have a self-starter mentality and thrive in a fast-paced environment, Finexio offers not just a position, but a chance to be part of something transformative in the fintech space. Join us, and let's change the way finance leaders handle payments together!

Frequently Asked Questions (FAQs) for Merchant Services Product Leader Role at Finexio
What responsibilities does the Merchant Services Product Leader have at Finexio?

The Merchant Services Product Leader at Finexio is responsible for developing and executing the go-to-market strategy for our white-labeled merchant services. This includes managing partner relationships, creating a pricing strategy, driving supplier and customer adoption, and optimizing business performance. You'll lead the end-to-end development of our merchant services business line, ensuring successful integration and establishing necessary operational processes.

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What qualifications are needed to become a Merchant Services Product Leader at Finexio?

To be considered for the Merchant Services Product Leader role at Finexio, candidates typically need at least 5 years of experience in merchant services, payment facilitation, or integrated payments. A deep understanding of merchant acquiring, payment processing, and a proven ability to scale business initiatives from concept to execution are crucial. Strong communication skills and technical literacy related to payments APIs will also help set candidates apart.

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What kind of work environment can I expect as a Merchant Services Product Leader at Finexio?

As a Merchant Services Product Leader at Finexio, you can expect an entrepreneurial work environment where innovation is welcomed and encouraged. The company values speed and agility, promoting a culture of collaboration and data-driven decision-making. You’ll also have the chance to impact strategic growth initiatives with visibility to C-level executives, making this role both rewarding and influential.

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What benefits does Finexio offer for the Merchant Services Product Leader role?

Finexio provides a competitive salary and equity package along with comprehensive medical, dental, and vision insurance. Enjoy the freedom of an unlimited vacation policy and engage in quarterly team-building activities and monthly lunches. The chance to work in a fast-paced startup environment with experienced industry leaders makes Finexio an attractive option for candidates considering the Merchant Services Product Leader position.

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How does the Merchant Services Product Leader contribute to Finexio's growth?

The Merchant Services Product Leader plays a crucial role in Finexio's growth by owning the development and expansion of the merchant services business line. By creating a compelling commercial model, driving adoption among suppliers and customers, and optimizing performance metrics, this leader directly contributes to the company's mission of simplifying B2B payments and helping finance leaders easily manage their cash flow.

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Common Interview Questions for Merchant Services Product Leader
Can you describe your experience with merchant services and how it relates to the role of Merchant Services Product Leader?

When answering this question, focus on specific projects you've handled in merchant services. Highlight roles you've played in product development or business development, detailing how you built or scaled services. Demonstrating your understanding of payment facilitation and successful partnerships will show that you’re well-suited for the Merchant Services Product Leader position at Finexio.

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What strategies would you use to drive supplier and customer adoption for Finexio's merchant services?

In your response, outline various engagement strategies such as identifying early adopters, creating targeted marketing campaigns, and utilizing feedback loops to refine offerings. Discuss how you would leverage relationships with both suppliers and customers to gather insights and improve the product continuously. This approach emphasizes your proactive mindset needed for the Merchant Services Product Leader role at Finexio.

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How do you approach building strategic partnerships in a fast-paced environment?

When discussing your approach to building partnerships, emphasize the importance of clear communication and shared values with potential partners. Provide examples of how you have successfully established partnerships before, focusing on the win-win agreements that lead to mutual success. This will illustrate your fit for a collaborative role like Merchant Services Product Leader at Finexio.

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What is your experience with go-to-market strategies, especially in payment solutions?

For this question, outline your previous experiences creating and executing go-to-market strategies. Discuss specific tactics you applied, the market research conducted, and how product positioning was established to resonate with target customers. Show how these experiences equip you for the strategy development required as Merchant Services Product Leader at Finexio.

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Can you provide an example of a time you faced a major challenge in a project? How did you handle it?

Choose a relevant project and describe the particular challenge you faced. Explain the steps you took to address the issue, any necessary adjustments you made, and the ultimate outcome. This not only shows your problem-solving capabilities but demonstrates resilience and adaptability, qualities valuable for the Merchant Services Product Leader role at Finexio.

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What metrics do you consider most important when measuring the performance of a merchant services offering?

Discuss critical metrics like customer adoption rates, transaction volumes, and revenue generated from services. Mention how these metrics guide decision-making processes and optimization strategies. This shows your analytical approach, which is vital for someone in the Merchant Services Product Leader position at Finexio.

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How would you ensure that the merchant services product complies with industry regulations?

Point out the importance of staying current on industry regulations. Discuss methods such as creating compliance guidelines, regular training sessions for team members, and working closely with legal advisors. Emphasize how these proactive strategies will help maintain compliance as Merchant Services Product Leader at Finexio, safeguarding the company and its clients.

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Describe a time when you had to convince a stakeholder of your vision for a product. What approach did you take?

Share a specific instance where you successfully garnered support for your product vision. Discuss how you used data, market research, and perhaps scenarios of potential success to create a compelling argument. This illustrates your persuasive skills, important for influencing stakeholders as the Merchant Services Product Leader at Finexio.

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What do you see as the biggest trend in the merchant services industry right now?

Identify key trends such as the rise of embedded payment solutions or the impact of technology on efficiency and customer experience. Provide your insights on how these trends can influence Finexio's strategy in merchant services. This shows your industry awareness and strategic thinking, essential qualities for the Merchant Services Product Leader role.

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How do you manage cross-functional teams in a product development environment?

Talk about your experience collaborating with various departments such as marketing, sales, and tech. Emphasize the importance of establishing clear communication channels and setting shared goals. Bringing examples from your past where collaboration led to successful outcomes will showcase your leadership skills as a future Merchant Services Product Leader at Finexio.

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DATE POSTED
January 11, 2025

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