Balance

Company Overview

Snapshot

Founded in January 2020 by Bar Geron and Yoni Shuster, Balance operates with 51–200 employees. The company has raised $86.5M across 4 funding rounds from 17 investors. In July 2022, Balance secured a B Round of funding.

Business overview

Balance is a B2B payment experience company that provides an online checkout platform designed for businesses. Its core technology enables companies to process various payment methods, offer flexible terms, and receive instant payments, all within a single integrated system. The platform also offers comprehensive infrastructure support for marketplaces, focusing on B2B-specific functionalities such as full vendor payout, zero-touch vendor onboarding, payout control, escrow capabilities, and a get-a-quote flow with vendor management. Balance operates within the Fintech & Insurtech sector, serving the financial services and commerce & retail industries.

Strategic signal

In October 2022, Balance partnered with Mirakl to integrate B2B payment solutions into marketplaces. This collaboration signals Balance's strategic expansion into the B2B e-commerce ecosystem, enhancing its platform's utility for marketplace operators and merchants by streamlining payment processes and offering more robust financial tools.

Company Intelligence Q&A

When was Balance founded and by whom?

Balance was founded in January 2020 by co-founders Bar Geron and Yoni Shuster.

What was a significant funding event for Balance?

In July 2022, Balance closed a B Round of funding. The round included participation from investors such as Avid Ventures and UpWest.

Which investors participated in Balance's Series A round?

In August 2021, Balance secured a Series A round with participation from investors including Ribbit Capital.

What was a key strategic partnership for Balance?

In October 2022, Balance partnered with Mirakl to integrate B2B payment capabilities into marketplaces, expanding its reach and functionality within the B2B e-commerce sector.