Senior Full-Stack Developer, Accrue
$170-230k
+ Equity
Savings app with rewards
Job no longer available
Savings app with rewards
21-100 employees
Job no longer available
$170-230k
+ Equity
21-100 employees
Company mission
To help people save with its merchant-embedded shopping experience that rewards consumers for saving up for the things they want to buy.
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Company mission
To help people save with its merchant-embedded shopping experience that rewards consumers for saving up for the things they want to buy.
Our take
Over $100 Billion in sales were generated in 2021 by Buy Now, Pay Later (BNPL) options, proving that alternative payment options are fantastic tools for retailers to entice customers. However, BNPL companies are starting to face stricter regulations after a backlash around many providers providing credit to those who cannot afford it. Accrue is taking a different approach with a Save Now, Buy Later product.
Instead of providing customers with credit to make purchases, Accrue is partnering with retailers to support savings behavior. Users set goals to purchase from Accrue partners. Meanwhile, those partners contribute to the purchase when a customer hits certain milestones.
At the moment, Accrue largely makes money at the point of purchase, through card interchange fees. However, to bring in serious revenue they will need to raise performance fees from merchants, which in turn requires demonstrating high order values for merchants. Accrue’s next steps are to expand retail partnerships and add employees across all departments, including engineering, sales, and marketing.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Robust health benefits packages (3 of our 4 medical plans cost $0 for full family coverage)
- Company contributed 401k
- An empathetic team that values mental wellness and work/life balance
- A hybrid-friendly work environment with a brand new Union Square NYC office!
Funding (last 2 of 3 rounds)
Jan 2023
$25m
SERIES B
Jan 2022
$25m
SERIES A
Total funding: $54.7m
This company has top investors
Leadership
Michael Hershfield
(CEO)Prior to founding Accrue in 2021, they were Senior VP of Sales at WeWork where they worked since 2018. Also worked as an Advisor at Silas Capital and previously in a high-growth tech startup, Kitchensurfing, as COO.