Balance raises USD 25 mln in Series A funding

Wednesday 25 August 2021 10:30 CET | News

Balance has raised USD 25 million in Series A funding led by Ribbit Capital, with participation from Avid Ventures as well as existing investors Lightspeed Ventures, Stripe, Y Combinator Continuity Fund, SciFi VC, and UpWest.

Balance is a B2B checkout platform for merchants and marketplaces. The company’s one-click checkout platform provides flexibility and control for all parties involved: buyers can choose between payment methods including ACH, Wire, and Check; merchants get immediate payout which is always reconciled like with credit cards; and marketplaces are enabled with automated vendor disbursement, a full compliance umbrella, and reconciliation management.

Balance is already partnering with BigCommerce, Magento, and soon Salesforce. Balance’s customer base varies from startups to publicly traded marketplace and ecommerce enterprises.

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Keywords: funding, digitalisation, ecommerce, digital payments
Categories: Payments & Commerce | Ecommerce
Countries: United States
This article is part of category

Payments & Commerce

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