Resolve is a B2B payments platform that offers buy now, pay later options for business purchases, enabling companies to spread costs over time. This approach alleviates the burden of upfront payments, allowing businesses to acquire essential goods and services without immediate financial pressure.
Funding
$96M 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.
Founders
Product
Problem
Many B2B companies struggle with offering net terms to their customers due to the complexities and risks associated with credit checks, invoicing, and collections. Managing accounts receivable in-house can be time-consuming, costly, and can strain customer relationships. Traditional financing options like factoring can be expensive and damage a company's reputation with its customers.
Solution
Resolve provides a B2B payments platform that automates and streamlines net terms, invoicing, and accounts receivable processes. The platform offers fast credit checks, automated invoice management, and payment processing, enabling businesses to offer net terms to their customers without the administrative burden and financial risk. Resolve advances up to 100% of invoice amounts, improving cash flow and reducing days sales outstanding (DSO). The platform integrates with existing accounting and ERP systems, providing a seamless and efficient solution for managing B2B payments and credit.
Target Audience
The primary target audience includes B2B companies with annual revenues of at least $1 million, average invoice amounts between $1,500 and $100,000, and repeat customers, who are looking to streamline their accounts receivable processes, improve cash flow, and offer net terms to their customers without increasing financial risk.
Features
- Fast credit checks using proprietary financial databases and algorithms
- Automated invoice management with online platform for all invoices (net terms, COD, due upon receipt)
- Advance Pay feature provides up to 100% cash upfront on approved invoices
- Automated accounts receivable collections with professional payment reminders and late fee management
- White-label payment portal that offers customers multiple ways to pay (ACH, wire, credit card, check)
- Integration with accounting systems like QuickBooks Online for automated bookkeeping and payment reconciliation
- Ecommerce integrations with checkout extensions for Magento and WooCommerce
- Flexible API for integration into custom ecommerce implementations
- AR dashboard for B2B credit and AR management from a single platform