Balance, a San Francisco, CA-based self-serve digital checkout platform, raised $5.5m in seed funding.
Backers included Lightspeed Venture Partners, Stripe, Affirm and PayPal co-founder Max Levchin of SciFi VC, Y-Combinator and UpWest.
Led by Bar Geron, CEO and co-founder, Balance leverages payments and risk-assessment technology to allow merchants, marketplaces or SaaS companies that sells goods and services online and offline to offer their buyers a wide array of payment methods and terms, and get paid instantly — all in a single platform.
Primary features and benefits of the platform include:
- Consumer-Grade Business Checkout.
- Automatic Collection, Reconciliation and Settlement.
- Instant, Automated Financing.
- Vendor Payout Control.
- APIs to enrich the payments toolkit with B2B-specific payment capabilities.