Hi there, we're Otto, and we are improving the way people finance their daily lives.
As you're reading this, 1 in 4 people in the U.S. lacks access to affordable credit and resorts to using high interest, predatory loans (think: Payday, Title, Pawn, and Personal Loans) to make ends meet. These 300%+ APR short term loans trap borrowers in a downward debt spiral and severely limit their chances for getting ahead.
Leveraging modern technology, we are building the world's first asset-backed revolving credit product that makes lending decisions agnostic of credit score and delivers standard interest credit card through a simple mobile platform. We are unlocking the value trapped within the $3 trillion worth of vehicles owned outright in the United States to provide sustainable credit for those that need it most.
We are backed by leading VCs, accomplished entrepreneurs, respected philanthropists, and founders from across the U.S. Our backers are the minds and investors behind the success of the Apple Card, Dave, Scribd, Parse, Twitch, Substack, Notion, LinkedIn, among others.
We have built and scaled a $100m+ ARR business, worked on apps used by millions of people for national brands, and fostered multi-million dollar public private partnerships. We are poised to fundamentally change the way tens of millions of Americans use credit to improve their daily lives.
Otto is seeking an exceptional operator to join us as we reshape traditional and restrictive consumer credit markets through our innovative credit card product.
As a founding credit product team member, you will work directly with the executives, engineering teams and various third parties to construct our credit product that democratizes access to affordable credit in North America. You will help with the design, construction, and execution of our credit product with issuing banks, processors, servicers, and various other third parties required to bring our product to the masses.
Here’s what you’ll be working on day-to-day, but as a nimble organization that puts our customers at the forefront, flexibility is key, and other responsibilities may arise.