Resolve, a San Francisco-based technology company specialising in B2B “buy now, pay later” functionality, confirmed recently that it has raised $60 million in financial support.
Resolve is a business-to-business payments system that provides buy now, pay for it later invoicing for sales and purchases. Resolve is a B2B bill payment system that allows vendors to provide their clients risk-free net terms. They assist makers, suppliers, and resellers in increasing sales and improving working capital by easing the process to get paid. Resolve can be used by B2B merchants across all retail channels, which include e-commerce checkout process.
Recent News
The round was prompted by Initialized Capital, and it was the firm’s first financing since its original conception in 2019. Other investors included KSD Capital, Haystack VC, Commerce Ventures, Clocktower Endeavors, and many others. As per co-founder and CEO Chris Tsai, the financial support is a mix of equity and asset-based funding, but he refused to disclose the breakdown. The company says it can provide longer repayment conditions with no involvement or fees if accounting entries are reimbursed within the signed agreements. Alda Leu Dennis, Public Partner at Initialized Capital, said she knew Tsai and co-founder Brian Nguyen from their previous tech company, Celery. She considers them to be experienced and ascertained. The funds will be used mainly to expand the San Francisco startup’s embedded invoicing system.
About Resolve
Resolve was originally established in 2019 by JBrian Nguyen, Chris Tsai. The business’s main offices are in theSan Francisco Bay Area, West Coast, Western US. The company is still in operation, and its most recent round of financing was Series A. The corporation ‘s lawful title is Resolve Corp, and its type of business entity is For Profit. The company focuses on B2B, Billing, E-Commerce, FinTech, and Payments.
Resolve is paving the pathway for the future of B2B payouts by creating net terms simple and easy to incorporate. They believe that simplifying company makes it more empathetic. Consider Resolve to be net terms-as-a-service. They enable enterprises in managing all aspects of providing net conditions to their clients. How? By incorporating with your current financial software platform to automate and simplify everything from credit checking to receivable accounts workflow processes and offering your clients with a payment processing gateway. As a result, B2B sales are up, clients are happier, economic burden is down, and financial velocity is up.
Resolve’s B2B features
Resolve simplifies the management of B2B payouts and gross terms billing. Give your clients an electronic payments expertise; their bill payment gateway gives them more time and more options for paying. Get cash in the bank as soon as possible. Resolve will contribute up to 90% of your authorized customers’ invoices in advance. Unlock net cash for expansion. Their risk-free net terms may allow you to give your consumer more time for payment without affecting your cash flow. Unlock bigger deals with expected net terms. Customers may pay you more easily with their digital payment portal. Give them more payment options, such as credit card, ACH, money transfers, and checks.
The AR & Credit Managerial instrument panel in Resolve allows you to understand credit and threat. Utilize lines of credit from authorized customers, export payment summaries, and handle credit and AR processes. They document your transactions instantly, so you aren’t required to. Your transaction information are automatically pushed to QuickBooks and connected to the attached invoice. Resolve maintains your payroll information. Your customer’s credit check with Resolve is finished within hours. Their Smart Credit Engine provides a quick and trustworthy cost benefit analysis of your client for money terms and a credit line.
How does Resolve contribute to corporate growth?
Enhance your customers’ expertise
With a digital payment gateway, you can modernize your clients’ expertise. Manage open sales invoice and accept payment — ACH, wire, credit card, and checks — all in one location.
Improve your AR squad
Resolve serves as your on-demand AR team, reducing manual online payments, reminders, and compilations. They also handle credit checks, credit decisions, and billing.
Reduce capital constraints
With engrained invoice funding, you can smooth out irregular cash flow and reduce toxic debt. Take advantage of flexible net terms billing advance payment options. Payment is made within one day.
Previous Fundings
Resolve has raised $85 million in three rounds of financing. Their most recent funding came in the form of a Series A round on December 9, 2021. Resolve is backed by eight investors. The most subsequent shareholders are Insight Partners and Clocktower Technology Endeavors.
Conclusion
Resolve is a business-to-business payments system that provides buy now, pay for it later invoicing. The San Francisco-based company has raised $60 million in financial support. Resolve can be used by B2B merchants across all retail channels, including e-commerce checkout process.
Resolve is a business-to-business payments system that provides buy now, pay for it later invoicing for sales and purchases.
Resolve is a B2B bill payment system that allows vendors to provide their clients risk-free net terms.
The most subsequent shareholders are Insight Partners and Clocktower Technology Endeavors.
