B2B BNPL firm Resolve lands $25m in latest funding round
San Francisco-based paytech Resolve, which offers an embedded B2B buy now, pay later (BNPL) solution, has raised $25 million in an equity funding round.
Capital will allow Resolve to scale
The round was led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing investors Initialized Capital, KSD Capital, Haystack VC, Commerce Ventures and Clocktower Ventures.
The firm says the cash will be used to expand its platform as it contends with “rising demand” from B2B companies looking to add BNPL into their payment workflows.
“The market for simplifying net terms payments and embedding BNPL payment options is exploding as companies work to mitigate the pain of payments caused by overextended and snarled supply chains,” says Resolve CEO Chris Tsai.
Tsai adds the cash injection will allow Resolve to scale more rapidly.
Launched as a spinout from Affirm in 2019, Resolve secured a combined $60 million asset and equity financing in May 2021.
Resolve’s flagship offering is a digital 30-, 60- or 90-day net terms and credit billing solution that “integrates seamlessly” into a B2B company’s existing financial technology stack using proprietary single-click embedding technology.
Resolve says the pandemic has seen manufacturers, distributors, wholesalers and their purchasers looking to modernise their B2B payment methods and net terms billing workflows.
