Balance, a New York-based B2B payments company specializing in financing and e-commerce, received a $350M credit facility from Viola Credit.
This announcement follows Balance’s $56M in Series B financing round led by Forerunner, a San Francisco-based venture capital firm focused on digital commerce startups.
With this new deal, the company will be able to increase its financing capabilities and continue to scale its net terms product.
Founded in 2020 by Bar Geron and Yoni Shuster, Balance is a B2B ecommerce payments company offering an online checkout with omni-channel support built for businesses. With it, companies can process any payment method, offer flexible terms, and get paid instantly — all in one place.
Since launching in February 2021, the company has supported hundreds of B2B merchants and marketplaces, growing its customer base by 10x.