Settle, a San Francisco, CA-based provider of a cash-flow management platform, raised a $145M credit facility from Silicon Valley Bank.
The company intends to use the funds to expand its customer base and develop its suite of lending products to empower e-commerce and consumer brands.
Led by Alek Koenig, CEO and Founder, Settle is a cash-flow management platform purpose-built for e-commerce and consumer brands with demanding inventory and cash conversion cycles. It provides a centralized hub to pay vendors, track payment status, manage invoices, and apply for flexible financing solutions. Consumer brands —including Branch, Starface, and Lalo— use it to optimize their cash-flow with Settle Working Capital so they can meet their inventory needs and drive revenue.
FinSMEs
25/07/2023