PayNearMe

Senior Product Manager - Remote

Santa Clara, California, United States

PayNearMe Logo
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Technology, PaymentsIndustries

Requirements

Candidates should possess a Bachelor's degree in a relevant field, along with a minimum of 7 years of experience in product management, specifically within the payments industry, with a focus on bill pay, money movement, and financial reconciliation. Strong experience with settlement systems, reconciliation tooling, and general ledger integrations is essential, as is the ability to understand complex financial infrastructure.

Responsibilities

The Senior Product Manager will own the end-to-end strategy for the money movement general ledgering systems, ensuring accurate fund flow and accounting across internal platforms. They will define and prioritize product requirements for settlement timing, transaction visibility, reconciliation tooling, and error handling, communicating the product development roadmap to agile teams. Additionally, the role involves defining user stories, leading refinement and planning sessions, and acting as a subject matter expert to bridge business needs with technical tasks, collaborating with engineering and other stakeholders to enhance money movement capabilities.

Skills

Payments ecosystem
Money movement
Financial reconciliation
Settlement
Reconciliation
General ledger integrations
Payment rails
Backend systems
Cross-functional collaboration
Strategic product direction

PayNearMe

Flexible payments platform for diverse transactions

About PayNearMe

PayNearMe provides a payments platform that allows customers to pay in various ways, including cards, ACH transactions, cash, and mobile payment methods like PayPal and Venmo. The platform is designed to enhance the payment experience for both customers and businesses, making it easy for clients such as consumer lenders and online gaming companies to collect payments. PayNearMe stands out by offering a secure cash payment service at over 60,000 retail locations, which simplifies the payment process for users who prefer cash. Additionally, the platform utilizes artificial intelligence to personalize customer experiences and improve bill pay. The company's goal is to create a seamless and user-friendly payment experience while generating revenue through fees charged to businesses for processing payments.

Key Metrics

Santa Clara, CaliforniaHeadquarters
2009Year Founded
$156.1MTotal Funding
SERIES_DCompany Stage
Fintech, AI & Machine LearningIndustries
201-500Employees

Benefits

Professional Development Budget

Risks

Emerging fintech startups could erode PayNearMe's market share with similar solutions.
Regulatory scrutiny may increase compliance costs for PayNearMe.
Partnership with Trustly exposes PayNearMe to open banking data privacy risks.

Differentiation

PayNearMe offers a wide range of payment options, including cash and digital wallets.
The platform integrates AI to enhance personalized customer experiences and improve payment solutions.
Partnerships with companies like Trustly and PayPal expand PayNearMe's payment capabilities.

Upsides

The rise of BNPL services presents an opportunity to expand PayNearMe's payment options.
Increasing mobile wallet usage allows PayNearMe to enhance its mobile-first payment methods.
Open banking regulations in the US offer new integration opportunities for PayNearMe.

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