Koverly, a B2B BNPL provider, has raised USD 7.6 million in seed funding from Accomplice VC, Vinyl Capital, and One Way Ventures.

The company intends to use the funding to develop a payment platform integrated with foreign currency and B2B cash flow management tools to support businesses involved in international trade.

Koverly also announced the launch of its B2B BNPL offering, which allows businesses to choose flexible payment options for foreign exchange payments. It allows businesses to defer foreign exchange payments for a period of 30 days, eliminate wire transfer fees, pay reduced foreign exchange rates, and extend international payments to up to three months.

Founded in 2021, Koverly is a B2B payment management and processing platform that handles domestic and international payments and provides deferred payment and trade accounting services for businesses. Currently, the platform processes over USD 200 million in annualized domestic and international transactions, with international payments accounting for nearly 50% of Koverly's transaction volume.