Balance, a B2B digital checkout platform, has raised $25 million in Series A funding led by Ribbit Capital, with Stripe as a participant.
The round included investors such as Avid Ventures, Lightspeed Ventures, Y Combinator Continuity Fund, SciFi VC, and UpWest, as well as a number of early employees and executives from Square, Plaid, Coinbase, Stripe, and PayPal.
Company: Balance
Raised: $25.0M
Round: Series A
Funding Month: August 2021
Lead Investors: Ribbit Capital
Additional Investors: Stripe, Avid Ventures, Lightspeed Ventures, Y Combinator Continuity Fund, SciFi VC, and UpWest, early employees and executives from Square, Plaid, Coinbase, Stripe, and PayPal
Company Website: https://www.getbalance.com/
Software Category: B2B digital checkout platform
About the Company: Balance announced the debut of its self-serve digital checkout platform earlier this year, promising to revolutionize the online payments experience for B2B businesses by providing an Amazon-like experience. Any merchant, marketplace, or SaaS company that sells goods and services online or offline can use the platform to offer a variety of payment methods and terms to their customers and get paid promptly. The company was founded in 2019 by Bar Geron and Yoni Shuster and is headquartered in Tel Aviv, Israel.
Source: https://www.finextra.com/newsarticle/38726/balance-raises-25m-for-b2b-digital-checkout-platform