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 tailored for businesses. Its core technology enables companies to process various payment methods, offer flexible terms, and receive instant payments, all within a unified system. The platform also offers comprehensive infrastructure support for marketplaces, addressing B2B specific needs such as full 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, focusing on money transfer and management.

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 marketplace ecosystem, enhancing its platform's reach and utility for businesses seeking streamlined payment and financial management tools. For investors, this indicates a move towards deeper market penetration and strategic alliances within the B2B e-commerce landscape.

Company Intelligence Q&A

What was a significant recent partnership for Balance?

In October 2022, Balance partnered with Mirakl to integrate B2B payment solutions into marketplaces, enhancing its offerings for businesses operating in these environments.

When did Balance last raise a funding round?

Balance secured a $56M B Round of funding in July 2022. Investors included Ribbit Capital and Lightspeed Venture Partners.

Which investors participated in Balance's Series A funding round?

In August 2021, Ribbit Capital led.

When was Balance founded and by whom?

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

What was a key leadership appointment at Balance in late 2022?

In November 2022, Balance hired a former Marqeta executive as its VP of Customer Growth to drive financing and e-commerce payments for B2B businesses.