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, with participation from investors including Avid Ventures and UpWest.
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 payment terms, and receive instant payments. The platform also offers full infrastructure support for marketplaces, focusing on B2B specificities such as vendor payout, zero-touch vendor onboarding, payout control, escrow capabilities, and a 'get-a-quote' flow with vendor control. 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 a strategic move to expand Balance's reach within the B2B e-commerce ecosystem, enhancing its platform's utility for businesses operating on marketplace models and potentially driving significant adoption and transaction volume.
Log in to access full profile ›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.