These new funds will be used to further expand its platform and team to serve the list of B2B companies using Resolve to facilitate net terms payments overall and throughout their supply chains. The funding round was led by New York-based global venture capital and private equity firm Insight Partners.
Company officials stated that the market for simplifying net terms payments and embedding BNPL payment options is exploding as companies work to mitigate the pain of payments caused by overextended and snarled supply chains. They added that with this infusion of funds, they can capitalise on their position and rapidly scale to serve the many new types of companies looking to offer net terms and BNPL to their business customers.
Resolve simplifies and automates the process of billing and purchasing on a credit account. Its digital 30-, 60-, or 90-day net terms-as-a-service and embedded BNPL payment solutions free up B2B sellers and buyers to focus on growing their businesses.
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