Balance Raises $5.5M in Seed Funding

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.