Resolve, a San Francisco, CA-based fintech company, raised an additional $25m in strategic equity funding.
The round was led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing investors Initialized Capital, KSD Capital, Haystack VC, Commerce Ventures and Clocktower Ventures.
These new funds will be used to further expand its platform and team.
Launched as a spinout from Affirm in 2019 and led by Chris Tsai, CEO, Resolve provides business-to-business (B2B) companies with sollutions to simplify their net terms payments and embed B2B buy now, pay later (BNPL) solutions into their payment workflows. The company simplifies and automates the complex and risk-laden 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.
Resolve’s net terms-as-a-service and embedded BNPL platform integrates into a B2B company’s existing financial technology stack to facilitate growth, increase sales revenue and optimize cash flow while eliminating risk for the company.
Resolve previously raised a combined $60m asset and equity financing in early 2021.