Balance is a digital payments platform that streamlines B2B transactions by offering features such as instant credit decisioning, flexible payment terms, and automated accounts receivable management. This solution reduces processing costs and enhances the purchasing experience for both buyers and vendors across the supply chain.
Funding
$436.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+3Founders
Product
Problem
B2B transactions often involve complex processes, high processing costs, and delayed payments due to manual invoicing, credit checks, and reconciliation. Traditional payment methods lack the flexibility and automation needed to streamline purchasing and accounts receivable management for businesses.
Solution
Balance offers a digital payment platform designed to simplify and automate B2B transactions. The platform provides instant credit decisioning, flexible payment terms (including net terms financing), and automated accounts receivable management. Balance enables businesses to accept various payment methods, including bank payments and credit cards, through a B2B checkout or APIs. The system automates buyer underwriting, offers customizable front-end experiences, and facilitates dynamic invoice adjustments, refunds, and multi-vendor transactions.
Target Audience
Balance primarily targets B2B trade platforms, distributors, brands, e-commerce managers, finance teams, and technology teams seeking to streamline payment processes, reduce costs, and improve buyer experience.
Features
- Instant credit decisioning with automated buyer underwriting
- Flexible payment terms, including 30, 45, 60, or 90-day net terms financing
- B2B checkout and APIs for seamless integration into existing systems
- Automated accounts receivable management with simplified cash application
- Support for various payment methods, including wire transfers, credit cards (L2/L3 processing), and bank payments
- Dynamic invoice adjustments, refund processing, and credit notes
- Multi-vendor transaction support with split payouts
- White-labeled front-end experience for customizable branding