Settle
Settle provides a unified procurement and accounts payable platform that lets consumer brands manage purchase orders, track inventory costs, and pay vendors from a single system. The platform automates PO-bill matching, approval workflows, and SKU-level landed cost calculations while offering non-dilutive working capital financing from $20K to $15M. Settle integrates with QuickBooks Online, NetSuite, Finaloop, and Shopify, and has provided over $4B in funding to brands since 2019.
- Financial Technology
- Enterprise Software
- Software Only
Funding
Raised to date
$98.7MRaised 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.
$81M across 3 disclosed rounds
+7$60M · Series B
Announced Nov 2021
Disclosed cumulative: $81M
Reported total $98.7M
Incomplete round history. $17.7M of the $98.7M reported total isn’t matched to a known round.
Founders
Founder details are not available yet.
Product
Problem
Growing CPG brands often manage procurement, vendor payments, and inventory tracking through disconnected manual processes, leading to errors, poor spend visibility, and time-consuming reconciliation. Accessing working capital to fund inventory purchases typically requires giving up equity or navigating slow, opaque traditional lending processes.
Solution
Settle brings procurement and accounts payable into one platform so brands can manage purchases, track spend, and pay vendors without friction. The platform automates PO-bill matching, approval workflows, W-9/W-8 collection, and bill itemization, while calculating SKU-level landed costs that include freight, duties, and shipping. Brands can access founder-friendly, non-dilutive working capital financing from $20K to $15M to keep production on schedule and support cash flow. The platform integrates with QuickBooks Online, Finaloop, NetSuite, and Shopify, and has provided over $4B in funding to brands since 2019.
Target Audience
Primary customers are high-growth consumer packaged goods (CPG) brands, including ecommerce businesses, Shopify and Amazon sellers, and startups in food & beverage, health & beauty, baby & kids, household goods, apparel, supplements, pet products, and home & lifestyle categories.
Features
- Unified procure-to-pay workflow covering purchase order creation, goods receipt verification, and vendor payment via ACH, wire, or check
- Automated SKU-level landed cost calculations that incorporate freight, duties, and shipping, with trend monitoring over time
- Working capital financing from $20K to $15M that does not require equity dilution, with approval in days
- PO splitting into partial shipments with volume-based vendor pricing support for accurate cost tracking
- Integrations with QuickBooks Online, Finaloop, NetSuite, and Shopify for accounting and inventory sync
- Flat-rate pricing with no per-user, per-order, or per-transaction fees