Balance Overview
Balance is a B2B payment experience company offering an online checkout built for businesses. Balance enables companies to process any payment method, offer flexible terms, and get paid instantly, all in one place. Balance supports full infrastructure support for marketplaces, with emphasis on B2B specifics including full vendor payout, zero-touch vendor onboarding, full payout control, escrow capabilities, and get-a-quote flow with vendor control.
Cumulative Funding Raised Over Time ($)
$25.0MAug 2021
$30.5MFeb 2021
$30.5MJan 2020
$86.5MJul 2022
Latest News
growth-positive
Balance Hires Former Marqeta Executive as VP of Customer Growth to Drive Financing and Ecommerce Payments for B2B Businesses
Balance, a leader in B2B payments and ecommerce, has hired fintech executive Kim Loftis as VP of Customer Growth. Loftis brings extensive experience in customer management and executive roles within the fintech industry. She will be responsible for driving growth opportunities for Balances customer base, which has grown by 10x since February 2021. Balance recently announced a $56M Series B fundraise to support merchants and marketplaces in scaling ecommerce payments. Loftis will work with marketplace and ecommerce merchants to drive the growth of Balances products and services. She will also focus on building customer partnerships and advocating for their needs within the company. Loftis is a member of Chief, a private network for women executive leaders.
CustomersInvestment
Balance, Mirakl Partner to Add B2B Payments
growth-positive
B2B ecommerce payments co Balance raises $56m
Balance, an Israeli B2B marketplace and eCommerce payments company, has completed a $56 million Series B financing round. The funding was led by Forerunner and included support from Salesforce Ventures, Hubspot Ventures, Lyra Ventures, and Gramercy Ventures, as well as angel investors. With this funding, Balance plans to expand its global eCommerce platforms and help B2B merchants grow their digital revenue. Since its launch in February 2021, Balance has supported hundreds of B2B merchants and marketplaces, experiencing significant customer growth. The company aims to bring centuries-old industries, such as lumber, chemicals, steel, retail, and food, online through digitization. Balances CEO, Bar Geron, believes that the current shift towards B2B eCommerce and marketplaces payments presents a massive opportunity for growth.
InvestmentExpand
growth-positive
Fintech company Balance nets $25 million Series A from high-profile lineup
Israeli fintech company Balance has raised $25 million in its Series A funding round led by Ribbit Capital. Other investors include Avid Ventures, Stripe, Lightspeed, YC, Upwest, Scifi VC, and past and present senior employees at Plaid, Square, PayPal, Stripe, Brex, and Coinbase. Balance provides a payment platform for businesses, allowing them to accept various payment methods for e-commerce transactions. The companys customers include manufacturers, wholesalers, suppliers, and business markets from various industries. Balances solution aims to bridge the gap in online payments between businesses and offers features such as multiple payment methods, real-time net terms, immediate payouts, and automated vendor disbursement. The company is embedded in platforms like Magento, BigCommerce, Quickbooks, and will soon launch on Salesforce and Shopify.
Investment
growth-positive
Israeli B2B payments co Balance raises $5.5m
Balance, an Israeli B2B self-serve digital checkout platform developer, has raised $5.5 million in a financing round from Stripe, Affirm, Max Levchin, Y-Combinator, and LightSpeed Ventures. The platform allows merchants, marketplaces, and SaaS companies to offer a wide range of payment methods and terms to their buyers and receive instant payments. Balance aims to transform the online payments experience for B2B companies by leveraging payments and risk-assessment technology. The funding will be used to accelerate product innovation and adoption of the Balance platform globally.
Investment
| Sector | Fintech & Insurtech |
Funding
| Total funding | $86.5M |
| Last funding | $56M |
| Stage | B |
| Rounds | 4 |
| Investors | 17 |
Team Members
2
Employees: 51-200
Web & Social Links
| Website | www.getbalance.com/ |
| Careers | Careers page |
Locations
Tushiya St 17, Tel Aviv-Yafo, Israel
Photos & Videos
1 item(s)
Balance Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Fintech & InsurtechMoney Transfer & ManagementTarget Customer
Media & EntertainmentEnterprise & Professional ServicesSMBs & SMEsService ProvidersCommerce & RetailConsumer GoodsFinancial ServicesFinancial ProductsVirtual CurrenciesFinancial InstitutionsConsumersDemographics & FamilyRecreational & LifestyleProfessionals & Gig EconomyFood Retail & ConsumptionTravel & TourismCore Technology
Data StorageCloudP2PCDNPlatforms & InterfacesMobileTags (5)
web-platformfintechdata-integrationenterprise-solutionspaymentsBalance Financials
$86.5M
Total funding
Undisclosed
Capital raised
$56M
Last funding
B
Funding stage
4
Total rounds
17
Investors
Cumulative Funding Raised Over Time ($)
$25.0MAug 2021
$30.5MFeb 2021
$30.5MJan 2020
$86.5MJul 2022
Private Equity Funding
B Round
Jul 2022
$56M
Jeff Wisener, Avid Ventures, UpWest, Salesforce Ventures, Gramercy Ventures, Forerunner, Ribbit Capital, Hubspot Ventures, Marcelo Cortes, Lightspeed Venture Partners, Jibe Ventures, Lyra Ventures
A Round
Aug 2021
$25M
Ribbit Capital (Lead)
,
Avid Ventures, Lightspeed Venture Partners, UpWest, Y Combinator, Scifi VC, Stripes
Seed
Feb 2021
$5.5M
Y Combinator, Lightspeed Venture Partners, Stripes, Affirm Inc, Max Levchin
Pre-Seed
Jan 2020
Undisclosed
Jibe Ventures (Lead)
Balance Lifecycle
Cumulative Funding Raised Over Time
$25.0MAug 2021
$30.5MFeb 2021
$30.5MJan 2020
$86.5MJul 2022
All Events
B Round
Jul 2022
$56M
Jeff Wisener, Avid Ventures, UpWest, Salesforce Ventures, Gramercy Ventures, Forerunner, Ribbit Capital, Hubspot Ventures, Marcelo Cortes, Lightspeed Venture Partners, Jibe Ventures, Lyra Ventures
A Round
Aug 2021
$25M
Ribbit Capital (Lead)
,
Avid Ventures, Lightspeed Venture Partners, UpWest, Y Combinator, Scifi VC, Stripes
Seed
Feb 2021
$5.5M
Y Combinator, Lightspeed Venture Partners, Stripes, Affirm Inc, Max Levchin
Pre-Seed
Jan 2020
Undisclosed
Jibe Ventures (Lead)
Balance News
5 articles
growth-positive
Balance Hires Former Marqeta Executive as VP of Customer Growth to Drive Financing and Ecommerce Payments for B2B Businesses
Balance, a leader in B2B payments and ecommerce, has hired fintech executive Kim Loftis as VP of Customer Growth. Loftis brings extensive experience in customer management and executive roles within the fintech industry. She will be responsible for driving growth opportunities for Balances customer base, which has grown by 10x since February 2021. Balance recently announced a $56M Series B fundraise to support merchants and marketplaces in scaling ecommerce payments. Loftis will work with marketplace and ecommerce merchants to drive the growth of Balances products and services. She will also focus on building customer partnerships and advocating for their needs within the company. Loftis is a member of Chief, a private network for women executive leaders.
CustomersInvestment
Balance, Mirakl Partner to Add B2B Payments
growth-positive
B2B ecommerce payments co Balance raises $56m
Balance, an Israeli B2B marketplace and eCommerce payments company, has completed a $56 million Series B financing round. The funding was led by Forerunner and included support from Salesforce Ventures, Hubspot Ventures, Lyra Ventures, and Gramercy Ventures, as well as angel investors. With this funding, Balance plans to expand its global eCommerce platforms and help B2B merchants grow their digital revenue. Since its launch in February 2021, Balance has supported hundreds of B2B merchants and marketplaces, experiencing significant customer growth. The company aims to bring centuries-old industries, such as lumber, chemicals, steel, retail, and food, online through digitization. Balances CEO, Bar Geron, believes that the current shift towards B2B eCommerce and marketplaces payments presents a massive opportunity for growth.
InvestmentExpand
growth-positive
Fintech company Balance nets $25 million Series A from high-profile lineup
Israeli fintech company Balance has raised $25 million in its Series A funding round led by Ribbit Capital. Other investors include Avid Ventures, Stripe, Lightspeed, YC, Upwest, Scifi VC, and past and present senior employees at Plaid, Square, PayPal, Stripe, Brex, and Coinbase. Balance provides a payment platform for businesses, allowing them to accept various payment methods for e-commerce transactions. The companys customers include manufacturers, wholesalers, suppliers, and business markets from various industries. Balances solution aims to bridge the gap in online payments between businesses and offers features such as multiple payment methods, real-time net terms, immediate payouts, and automated vendor disbursement. The company is embedded in platforms like Magento, BigCommerce, Quickbooks, and will soon launch on Salesforce and Shopify.
Investment
growth-positive
Israeli B2B payments co Balance raises $5.5m
Balance, an Israeli B2B self-serve digital checkout platform developer, has raised $5.5 million in a financing round from Stripe, Affirm, Max Levchin, Y-Combinator, and LightSpeed Ventures. The platform allows merchants, marketplaces, and SaaS companies to offer a wide range of payment methods and terms to their buyers and receive instant payments. Balance aims to transform the online payments experience for B2B companies by leveraging payments and risk-assessment technology. The funding will be used to accelerate product innovation and adoption of the Balance platform globally.
Investment
Balance Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 134 |
| Team members | 2 |
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Balance Internal
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Admin Info
| Confidence | 91/100 |
| Missing | markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Crunchbase | balance-98c2 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2022-11-14T00:00:00.000Z |
| Created | 2021-02-04T00:00:00.000Z |
| Claimed | Yes |