High-growth ecommerce companies face many challenges – of which one of the most pressing is cash flow. There are often large gaps between when bills are due and customers pay. While non-dilutive financing options exist for startups, they lack the flexibility that businesses need.
Founded by Alek Koenig, previously Head of Credit at Affirm, Settle is a flexible and powerful cashflow platform for modern businesses. Settle combines bill pay and accounts payable with an integrated financing solution to offer merchants buy-now-pay-later functionality on an invoice-by-invoice level.
Where many lending businesses can be transactional and mis-aligned, Settle lets merchants use credit only when they actually need it. The platform is embedded in a merchant’s daily workflow and also saves them money on expensive wires and SaaS fees from clunky accounts payable tools.
Settle explosive organic growth is fueled by a deep customer love for the product.
$ 60 MM