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    Business Development and Finance Manager - Toronto, ON, Canada - Payfirma Corporation

    Payfirma Corporation
    Payfirma Corporation Toronto, ON, Canada

    2 weeks ago

    Default job background
    Description
    Merrco, headquartered in Toronto and founded in late 2016, is the leading Cannabis Payments Platform in Canada.

    In 2018, Merrco acquired Payfirma to create Merrco Payfirma, and has captured over 70% of Ontario's market share and greater than 50% national coverage in the Canadian cannabis retail market.

    where it is currently providing payment solutions to CBD and ancillary cannabis businesses. Merrco Payfirma also has a significant non-cannabis payments portfolio in Canada.
    Merrco's omnichannel payments platform offers a secure and compliant solution for in-store retail, mobile click-and-collect, and e-commerce. The platform also includes merchant invoicing, recurring billing capabilities and EFT offerings to support vendor, client, and batch payments.

    With white-label capabilities and enhanced reporting for data analytics and simple reconciliation, Merrco has built deep partnerships and relationships across the cannabis technology and merchant ecosystem.

    Led by a passionate and engaged leadership team, Merrco is dedicated to platform innovation, industry diversification, and geographical expansion.

    To accomplish these goals, the company is currently hiring a Business Development Manager, ISV/VAR/Financial Institutions.

    It offers a supportive and collaborative environment that fosters a growth mindset, intellectual curiosity, an entrepreneurial spirit, and above all teamwork.

    Merrco offers its employees a flexible and inclusive work environment that is team-oriented while promoting high accountability for delivery.

    We are looking for a dynamic and experienced Business Development Manager, focusing on acquiring new ISV (Independent Software Vendors), VAR (Value-Added Resellers), and Financial Institutions (FIs) partnerships.

    This role is essential for expanding Merrco Payfirma's footprint by acquiring new partnerships and managing existing relationships within these sectors.

    The role also requires a blend of strategic outreach, detailed sales process management, and robust relationship maintenance to drive Merrco Payfirma's market expansion.

    Business Development & Acquisition
    Strategically identify and target potential ISV, VAR, and FI partners through market research and network connections.

    Implement daily and weekly outreach programs, including cold calling by the candidate as well as with the support of the Lead Generation team, and email campaigns to generate new leads.

    Attend industry conferences and networking events to build relationships and identify business opportunities.
    Work closely with the marketing team to develop materials and strategies that support business development efforts.
    Sales Process Management
    Negotiate partnership terms, focusing on creating value for both parties and ensuring a sustainable business relationship.
    Relationship Management

    Develop and implement strategies for partner activation and engagement, ensuring they are aligned with Merrco's business goals and objectives.

    Monitor partner performance and collaborate on initiatives to increase merchant lead generation in line with agreed targets.
    CRM and Reporting
    Utilize Salesforce CRM for detailed tracking of all sales activities, partner interactions, and pipeline management.
    Generate regular reports on business development activities, outcomes, and partner performance metrics for review by senior management.
    Analyze market trends and partner feedback to recommend improvements to Merrco's products, services, and sales strategies.
    Work with the Lead Generation, Marketing, and Operations teams to support and enhance outreach strategies and tactics.
    Collaborate with the finance team on forecasting and revenue analysis to support strategic decision-making.
    ~ Engage with the legal and compliance teams to ensure all partnerships adhere to industry regulations and Merrco's standards.

    Extensive experience in business development, ideally within the payments, financial services, or technology sectors.
    Proven track record of successful ISV, VAR, and FI acquisition and management.
    Strong networking skills and a vast industry contact base.
    Proficiency in Salesforce CRM and excellent analytical skills.
    Bachelor's degree in Business Administration, Marketing, or a related field.
    #

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