Resolve

Resolve is a BNPL provider focused on business purchases that launched as a spin-out from the leading BNPL player Affirm in 2019. While Max Levchin (founder of Affirm) is an investor, the two companies are reported to refer customers to each other. Co-founders Chris Tsai and Brian Nguyen come from entrepreneurial backgrounds, having worked together on Celery, a crowdfunding and preorder platform.

Resolve’s BNPL offering allows businesses to defer online purchases with net payment terms ranging from 30 to 90 days. On the other hand, merchants get paid 75%-90% of the invoice value as an advance within one business day, while the remaining amount will be paid at the end of the payment term. Buyers pay 0% interest if the payments are settled on time.

Its offering includes a smart credit engine that feeds into the merchant data on historical creditor payment patterns for immediate credit decision-making. In addition, the platform’s embedded billing platform (i.e., it can plug into businesses’ existing financial tech stacks) allows B2B customers to pay vendor bills with the ability to improve credit scores. Other platform features include the reconciliation of partial invoice payments on behalf of its users. The platform is integrated with QuickBooks and Magento 2 and offers an API that can be integrated with any e-commerce platform.

Resolve generates revenue in two ways, 1) a monthly subscription fee ranging between USD 49-USD 499 per month, and 2) a percentage fee on invoice values starting in the range of 2.61%-4.41% for 90% invoice advances.

In December 2021, Resolve raised USD 25 million in an equity funding round led by Insight Partners with participation from Initialized Capital, KSD Capital, and Haystack VC. The round came less than a year after it raised USD 60 million in debt and equity financing. The funds were raised for platform development and to expand its team.