Balance

Balance, formed by former PayPal executives Bar Geron and Yoni Shuster, offers payment infrastructure to build digital checkout experiences as well as vendor payment automation and reconciliation, for business-to-business (B2B) organizations. The platform enables merchants to offer business customers an array of payment options such as real-time payments, paying with net terms, recurring payments, and payments after delivery.

Balance is built on top of Stripe’s infrastructure, and accepts a range of payment methods, including card, wire, check, and automated clearing house (ACH) payments. However, Balance’s infrastructure goes beyond payments, and evaluates the risk of customers, merchants, and payment terms selected.

The company also offers buy-now-pay-later (BNPL) solutions to its users, for which it charges a factoring fee. Balance operates through its offices in Tel Aviv (Israel) and New York.

Key customers and partnerships

Balance’s customers range from startups to large listed enterprises, across a range of industries such as steel, freight, construction, medical supply, etc. and even included ecommerce businesses such as BigCommerce (B2B edition) and Magento. As of July 2022, the company had over 300 enterprise and marketplace users.

In November 2022, Balance noted that its customer base had grown by 10x since its launch (February 2021).

Funding and financials

Balance received a USD 350 million credit facility in November 2022, from Viola Credit, shortly after raising USD 56 million in Series B funding in July. The funds raised during the year were earmarked for increasing the company’s financing capabilities, scaling its net terms product, customer acquisitions, and recruitment.