Balance, an NYC-based B2B payment company specializing in e-commerce and financing, was granted a credit facility of $350 million through Viola Credit.
This announcement follows the company’s $56M Series B financing led by Forerunner, a venture capital firm based in San Francisco focusing on startups in digital commerce.
Thanks to this agreement that the company has signed, it can expand its financial ability and increase the size of its net-terms product.
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Established in 2020 with the help of Bar Geron and Yoni Shuster, Balance is a B2B online payment company that offers an online payment option with omnichannel customer support designed for business. Through it, businesses can accept any payment method, provide flexible terms and be an instant payment from one location.
Since its launch at the beginning of February 2021, the business has helped hundreds of B2B businesses and marketplaces, increasing its client base by 10x.