# Ritesh Somani > Product Management- Commerce & Payments at Adobe with expertise in AI and Payments Location: San Francisco Bay Area, United States Profile: https://flows.cv/riteshsomani I love creating software products and solving real customer problems using technology and awesome design. I have experience rolling up my sleeves and leading large teams marching in unison towards a common goal. I'm open to new, and exciting opportunities that require an innovative, business minded, experienced, and fun person. ---- CAREER HIGHLIGHTS ---- - Managed PayPal’s merchant platform servicing 10M+ merchants with $800M+ in annual revenue and Intuit’s QuickBooks SaaS offerings with 600k+ customer generating $200M in annual revenue. - Developed and delivered new technology services and products that drive business and revenue growth with expertise in the entire product development lifecycle, software offerings, mobile applications, payments and eCommerce. - Hands-on, collaborative leader with proven success in building, developing and managing cross-functional onsite and offshore teams of 150+ professionals. 18+ years of product management experience that includes a proven track record of launching new, profitable technology and data products and services to market, on time and within budget including web, mobile, and desktop products. Strong background in SaaS/cloud offerings, data analytics/big data, payments and mobile applications. Passionate about the customer and designing, refining and creating a best-in-class experience that exceeds expectations using data. Diverse experience working for startups to large-scale matrix organizations looking to build up or enhance their offerings. Great track record in grooming and growing talent. Expertise areas include: Product Management & Strategy | Product Vision & Roadmap | Competitive & Market Analysis | Web Services | Payment Processing | Strategic Partnership Negotiation| CRM | Data Analytics | Cloud Computing| Software as a Service (SaaS) | Agile Offshore Product Development | Team Building & Leadership | Mobile Apps | SMB & Enterprise Email me at somani_rk@yahoo.com to chat about any of my interests. ## Work Experience ### Member Board of Directors @ Magento Association Jan 2022 – Present ### Product Management- Commerce & Payments @ Adobe Jan 2021 – Present | San Jose, California, United States ### Member Board of Directors @ Stockpile Foundation Jan 2023 – Jan 2025 ### VP of Product, Design & Analytics @ Stockpile Jan 2020 – Jan 2021 Making investing simple. Heading a dynamic team to deliver on delightful and innovative customer experiences. ### VP of Product, Design & Customer Success @ GearLaunch Jan 2017 – Jan 2020 | San Francisco, California Report to the CEO and responsible for product, design, and customer experience of both small businesses and their customers. Managing a team in multiple locations for a leading end-to-end B2B2C e-commerce platform that enables merchants to sell on-demand products. Coach and mentor team to deliver on time and under budget. • Achieved YOY growth in profitability, revenue, and customer acquisition. • Managed the Engineering team on an interim basis, through a flawless (no downtime) holiday season. • Delivered new payments integration (cost savings), new catalog of products (revenue), redesigned buyer purchase process (customer delight + increased conversion), and multiple new vendor integrations (efficiency). ### Senior Director, Global Product Management @ Visa Jan 2015 – Jan 2017 | Foster City, CA Focused on igniting growth in SMB vertical and new marketplaces for Fortune 500 companies. Created new offering strategy combining P2P, B2B, debit, ACH, and credit knowledge. Initiated bus dev activities to partner with external companies to create value added data and business productivity solutions. • Introduced and evangelize agile methodologies in product, eg. rapid prototyping, customer centric solutions • Created new growth areas with revenue potential of >$300M annually • Targeted technology partners to decrease go to market time by 200% ### Senior Director of Global Business Products, Data and Mobile @ PayPal Jan 2014 – Jan 2015 | San Jose, CA Responsible for merchant platform that services more than 10mm merchants. Directly managed a team of product managers, and indirectly a cross functional team of marketing, development, design, support, operations, analytics, and professional services worldwide. Responsible for various areas including merchant account management, money transfer, data analytics, reporting, and mobile app. • Accelerated migration to new platform by 100% in 4 months using A/B testing. • Delivered the first PayPal merchant mobile app under budget and ahead of schedule using design thinking. • Changed negative perception of reporting and increased run time by 20x and YOY usage by >300%. • Orchestrated many groups across the world to create the first consolidated data analytics (big data) solution. ### Product Leader, QuickBooks SaaS Solutions @ Intuit Jan 2010 – Jan 2014 | Mountain View, CA Converted desktop solution to a SaaS offering and brought successfully to market. Owned acquisition, strategy, and end to end experience for 2 offerings, QB Plus and QB Enterprise. Managed a cross functional team of over 100 people spanning customer service, sales, development, marketing, design, and merchandising. • Responsible for 600K+ customers, $200mm annual recurring revenue, and highest value customer segment. • Delivered beta of first QB big data module by negotiating partner deal and creating incremental revenue. • QuickBooks SaaS offering: billed monthly, delivered features mid cycle, and delivered online- All Intuit firsts. • Highest retention rate of any QuickBooks monthly offering by more than 25% while increasing sales 300% YOY. • Managed QuickBooks Enterprise SaaS: growing at 20% YOY with a 90% renewal rate. • Delivered hosting, subscription, and services, new revenue sources for QuickBooks Enterprise. ### Co-founder & Vice President @ ePayware Inc. Jan 2003 – Jan 2010 | San Jose, CA Spearheaded cradle-to-grave product strategies and vision, with full ownership of business plans, roadmaps, P&L, and budgets of technology business in credit card processing space. Expanded product line from 1 product to a suite of 13 products. Interacted with executive level management. Retained customer satisfaction responsibility. Hired, trained, evaluated, and led cross-functional team of more than 30 domestic and offshore resources. Oversaw competitive analysis, product/client requirements, and marketing efforts. • Lead team of 30+, including 3 development centers in India, and team in USA. • Launched new Software as a Service (SaaS) module which was profitable after 6 months. • Created web-based ERP product suite and restructured unprofitable business to 5 consecutive profitable years with over 25 new, prominent accounts in the merchant processing space. • Achieved 60%+ profit margins and helped bootstrap business without any external investment. • 92% customer retention with 96% customer satisfaction for products and services. ### Senior Manager, Product & Marketing @ Acumen Software Jan 2001 – Jan 2003 | San Jose, CA Oversaw marketing, IT and web development of a self-funded startup which included product positioning, pricing and overall vision for wireless, mobility and telephony offerings. Wrote technology articles for national publications. * Managed all company web-based Microsoft Mobility platform product offerings from cradle-to-grave. * Established strategic marketing partnership with Siemens Telecommunications as the preferred representative and extension to their call center switch. * Spearheaded effort to become a Microsoft Mobile Partner giving us status as a preferred Microsoft provider. ### Senior Ecommerce Product Manager @ Chipshot.com Jan 1999 – Jan 2001 | Sunnyvale, CA Defined ecommerce strategy for #1 rated golf site. Solved challenges that were essential for the success of the company across multiple departments in the company. * Drove team of 14 across the following areas: Quality Assurance, Development (PERL, HTML, JavaScript, SQL, and C++), Technical and Functional project management. * Built and maintained an award winning ecommerce site – rated #1 golf site by Gomez Advisors, and one of the 300 best sites by Forbes Magazine. * Created billing, shipping and customer service systems to meet a Q4 $6 million dollar goal, a 400% increase from prior year. ## Education ### B.S. in Business Administration, Computer Systems University of California, Berkeley, Haas School of Business ## Contact & Social - LinkedIn: https://linkedin.com/in/rksomani --- Source: https://flows.cv/riteshsomani JSON Resume: https://flows.cv/riteshsomani/resume.json Last updated: 2026-04-05