KafeneKA

Director of Business Development

Kafene, Inc. is a fintech company offering lease-to-own financing solutions to underserved customers through retail partnerships, utilizing AI and machine learning for a streamlined experience. [3, 8, 10]

Kafene

Employee count: 51-200

Salary: 130k-150k USD

United States only
Kafene is a leading point-of-sale financing partner dedicated to empowering flexible ownership solutions for underserved customers nationwide. By enabling our retail partners to offer flexible lease-to-own (LTO) purchase options for both prime and non-prime consumers, Kafene helps merchants grow their customer base and meet the increasing demand for furniture, appliances, electronics, tires, and other durable goods. Utilizing over 20,000 data inputs alongside cutting-edge AI and machine learning technologies, our platform creates a best-in-class experience for both merchants and customers. With over $350 million in sales since inception, we are rapidly growing and looking to expand our team.
We take pride in fostering a dynamic workplace culture that values collaboration, innovation, and mutual support. Our team of 170 is spread across our NYC headquarters, a Wilmington office, and fully remote staff nationwide. Last year, we were recognized as one of Built In's Startups to Watch and Forbes' Best Startup Employers.
Our sales team operates within a highly data-driven and collaborative environment, emphasizing both analytical rigor and entrepreneurial creativity in our interactions with small to medium-sized merchant partners. Within our dynamic, growth-oriented startup culture, we prize adaptability and an entrepreneurial mindset in pursuit of our goals.
As the Director of Business Development, you will lead the way in cultivating a robust pipeline of opportunities with either a national or large regional presence. Your proven track record will be essential in navigating complex decision-making processes and influencing key stakeholders to reach consensus, resulting in successful deal closures.

What You Will Do:

  • Take the lead in developing new client relationships, acting as the liaison between Kafene’s lease-to-own (LTO) purchase options and prospective client needs.
  • Champion the business development function at Kafene by identifying avenues for enhancing opportunities to achieve sustainable business growth.
  • Meet quarterly revenue targets while effectively managing the pipeline and accurate forecasting.
  • Develop and execute sales strategies to exceed targets.
  • Identify and pursue prospects within Mid-Market retailers.
  • Network and source leads to consistently reach new potential clients.
  • Deliver compelling sales presentations that address client needs and showcase Kafene’s value proposition.
  • Conduct thorough needs assessments and create tailored solutions for retail and other industry partners.
  • Continuously analyze sales performance data to improve decision-making.
  • Negotiate and close complex deals, collaborating with internal departments to ensure smooth retailer onboarding.
  • Achieve monthly net revenue goals and surpass sales targets.

Prior Experience:

  • 5+ years of relevant experience in financial services sales or selling services/products to retailers, with a consistent track record of exceeding goals and expectations.
  • Working knowledge of fintech/payments products and services.
  • Experience and a deep understanding of business development and revenue growth.
  • Outstanding interpersonal, oral, and written communication and presentation skills, with the ability to collaborate internally and externally at all organizational levels.
  • Demonstrated executive presence.
  • Deep knowledge of sales strategy and operations.

Compensation and Benefits:

  • Base Salary: Earn a competitive base salary ranging from $130,000 to $150,000, along with uncapped commission potential.
  • Healthcare: We prioritize your well-being by covering 80% of medical, dental, and vision insurance costs, including coverage for your spouse, children, and other dependents.
  • Retirement Benefits: Begin planning for your future from day one with our 401k plan.
  • Paid Time Off: We understand the importance of work-life balance. That's why we offer flexible paid time off days starting from day one of your employment.
Kafene is an equal-opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, and other legally protected characteristics. If you are applying for a job in the U.S. and need a reasonable accommodation for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and contact information. Please note that only those inquiries concerning a request for reasonable accommodation will be responded to from this email address.

About the job

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Job type

Full Time

Experience level

Director

Salary

Salary: 130k-150k USD

Location requirements

Hiring timezones

United States +/- 0 hours

About Kafene

Learn more about Kafene and their company culture.

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Kafene, Inc. is a financial technology company that provides lease-to-own (LTO) financing solutions. Founded in 2019 and headquartered in New York City, Kafene is dedicated to empowering flexible ownership solutions for underserved customers across the United States. The company partners with retailers to offer these LTO options for a variety of durable goods, including furniture, appliances, electronics, and tires. This enables merchants to expand their customer base by catering to individuals with prime and nonprime credit profiles. [3, 8, 10]

Kafene's platform utilizes cutting-edge artificial intelligence and machine learning technologies, incorporating over 20,000 data inputs to underwrite and approve customers. [6, 9, 18] This data-driven approach allows for a near-instantaneous approval process and aims to provide a best-in-class experience for both merchants and consumers. [3, 9] A key differentiator for Kafene is its tiered, risk-based pricing model, which tailors lease terms to each customer's unique risk profile – an innovative approach in the LTO industry. The company emphasizes transparency and consumer education, and notably, reports payment history to all three major credit bureaus, offering customers an opportunity to build a positive credit history. [2, 14] Since its inception, Kafene has facilitated significant incremental sales for its retail partners and has been recognized for its growth and workplace culture, including being named to Forbes' list of America's Best Startup Employers. [3, 8]

Employee benefits

Learn about the employee benefits and perks provided at Kafene.

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401(K)

Kafene offers a 401(K) plan.

Paid sick days

Kafene offers paid sick days.

Paid holidays

Kafene provides paid holidays.

Fitness stipend

Kafene offers a fitness stipend.

View Kafene's employee benefits
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Kafene

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