visimoney
TLDR:
In a move that indicates a potential resurgence in the popularity of Buy Now Pay Later (BNPL) services, Tom Holman, former head of product for payment acceptance at Stripe, has joined Flex as chief product officer. Flex, founded by ex-hedge fund duo Shragie Lichtenstein and YeTong Shao, provides BNPL services for rent payments. Holman, who brings extensive experience from Stripe and Google, is eager to hire new team members as Flex continues to grow.
Key points:
- Former Stripe product head, Tom Holman, has joined BNPL fintech Flex as chief product officer.
- Flex, founded by ex-hedge fund duo Shragie Lichtenstein and YeTong Shao, offers BNPL services for rent payments.
- Holman has experience working on payment APIs, card processing, and BNPL at Stripe, as well as serving as a product lead for Gmail at Google.
- He is excited to join Flex and is actively looking to hire product managers, designers, and researchers.
Taking advantage of the potential resurgence in the popularity of Buy Now Pay Later (BNPL) services, Tom Holman, former head of product for payment acceptance at Stripe, has joined Flex as its chief product officer. Flex, a fintech founded by Shragie Lichtenstein and YeTong Shao, provides BNPL services specifically for rent payments. This move suggests that BNPL may be experiencing a revival, following a period of waning interest and potential regulatory actions. Holman brings his expertise from Stripe, where he worked on payments APIs, card processing, and BNPL, to help lead Flex’s product offerings.
Prior to his role at Stripe, Holman spent the majority of his career at Google, working as a product lead for Gmail. With his diverse background and experience in both fintech and tech giants like Google, Holman is well-equipped to contribute to Flex’s growth and success. He expressed his enthusiasm for joining the team and is actively looking to hire additional team members, including product managers, designers, and researchers. The company currently has a senior product designer role available, which offers a salary of up to $162k.
Flex’s founders, Lichtenstein and Shao, bring their hedge fund background to the fintech space. The duo previously worked together at Point72, a prominent hedge fund. Now, they are leveraging their expertise to provide BNPL services tailored specifically for rent payments. With Holman’s addition, Flex aims to further expand its offerings and continue its upward trajectory.
The resurgence in BNPL’s popularity can be attributed to a number of factors. Despite previous setbacks, such as massive losses incurred by Klarna and looming regulation, several BNPL fintechs achieved unicorn status in 2023. This has reignited interest in the sector and created new opportunities for companies like Flex. As consumers increasingly seek flexible payment options, BNPL services are positioned to meet this demand.
In conclusion, the hiring of Tom Holman, former head of product at Stripe, as chief product officer at Flex indicates a potential resurgence in the popularity of BNPL services for rent payments. Flex, founded by ex-hedge fund professionals, aims to capitalize on this trend and continue its growth. With Holman’s experience and enthusiasm, the company is well-positioned to meet the evolving needs of consumers and thrive in the highly competitive fintech space.
