How has Perpay approached growing its team?
They’ve kind of stayed under the radar for awhile; they didn’t want to be advertising something they hadn’t really done yet. For the last year, they’ve proven out their hypothesis that they could help people improve their creditworthiness. Now they can scale, and they need a strong team to do that.
Many of Perpay’s team members have come via referrals. How are they changing their recruiting strategy?
By looking beyond their network. They knew they couldn’t hire within forever, especially when it comes to engineers. Perpay’s leveraged their sprouting network to help them get off the ground. It was an advantage to get up and running quickly; now they’re looking to find that same sort of mold in people outside of the company.
How does the team get through challenges?
They believe success is the product of a lot of small decisions. Their successes don’t happen by accident; one of the drivers is a lot of camaraderie. Instead of pointing fingers in times of adversity, the team turns to looking out for each other and building relationships.
What qualities does Perpay look for in technical candidates?
It depends on the role and the individual. They prefer get a feel for individual candidates and then determine whether they’re a fit. From a technical standpoint, they’re looking for people who are smart and want to get things done. With an endless stream of problems to to solve, people who are ready to deliver on day one are critical.
How about candidates overall?
Leadership skills are key. They value the ability to learn and teach and the willingness to sacrifice some of your own output to improve somebody else’s output. The Perpay team believes they produce the best work when they’re all growing and helping each other improve.
Inside Perpay's culture
Take a look around the Perpay office, and you’ll notice it’s a space for people who get stuff done and who want to enjoy doing it. Eight floors above 13th and Sansom sits an office with a gorgeous conference room disguised as a lounge, huge monitors displaying code and an epic coffee setup that includes a Kyoto-style cold brew tower. There’s at least one dog roaming the office on any given day, and music like The Jackson 5’s “I Want You Back” plays in the background.
Perpay’s team has been hard at work recently, validating their product and building out their initial team. The fintech company, recently voted Philadelphia’s Best Technology Startup, takes the microlending concept that became popular in the nonprofit world and applies it to consumer spending. With Perpay, users don’t necessarily need to have a strong credit score to get financing for big purchases, like a new computer or a nice couch. Instead, Perpay takes a holistic approach toward assessing an individual’s cash flow, then arranges a payment plan that fits a healthy budget through the user’s direct deposit system. Payments are fully automated so there’s no need log on and pay.
Perpay prides themselves on extracurriculars that bring the team together - think cage match chef battles at Alla Spina or spirits and strikes in Harp and Crown’s Elbow Lane. It’s a part of their determination to build a team that feels more like a family, where everyone has each other’s backs and celebrates together. Beyond the big events, employees often spend time together outside of work attending concerts, trying new restaurants, or playing on the company soccer team. They take the personal side seriously and value the relationships they build with one another.
In fact, relationships have been the key to building Perpay’s team; nearly every employee has joined via referrals or personal connections. Now, they’re looking to expand their network and bring on talented team members as they scale.
Nikos PetridesCOOAs Perpay’s Chief Operating Officer (COO), Nikos Petrides was one of the first members of the team. Read More »
“There is so much to do and so many things we want to accomplish — it feels like we’re just getting started. We try to treat each day like it’s day one — there are infinite opportunities and each decision influences growth.”
Arik MislerCTOArik Misler is Perpay’s CTO. An avid soccer fan and coffee aficionado, Misler leads Perpay’s engineering team alongside his pup, Kingsli. Read More »
"We’re constantly refining our product and responding to changes — what projects are on the horizon, what legwork needs to be done to keep things moving? You can be methodical about how you approach things; while the problems are different, the way you attack them can be consistent. It keeps you on track."
Molly NolanOperations ManagerAn Operations Manager at Perpay, Molly Nolan acts as a liaison between customers and team members, handling customer service requests and working with the team to make changes to the product. Read More »
“The right people are here because they want to be here. They want to learn and grow, and they can see opportunities to do so in this environment. That’s an exciting path — both individually and for the team as a whole.
Inside Perpay's Biddle Building office
Technical.ly Coverage (11 posts)
- NET/WORK, the Super Bowl of job fairs, is back this February
- On the Market: Hiring moves at healthtech startup IncentFit (plus 17 other open jobs)
- How these 3 recent hires at Perpay are finding their way
- Use these icebreakers with 12 of the hiring companies at NET/WORK Philly
- Code, like coffee, is an art at Perpay
- Learn about Perpay (and see what they’re hiring for)