Balance
Balance is a fintech company based in San Francisco, specializing in B2B payments solutions, including the first business checkout for B2B transactions. It supports a range of services from net terms financing to global payouts, catering to market-leading merchants and B2B trade platforms.
Company Overview: Balance
Balance is a fintech company based in San Francisco, CA, USA. The company is a member of the Y-Combinator S20 batch and has a team of 70 employees. Balance specializes in B2B payments, providing a comprehensive suite of products and services designed to simplify and optimize the payment process for businesses across the supply chain. The company operates in the United States, America/Canada, remote, and partly remote regions.
Funding and Investors
Balance has secured funding from notable investors such as Lightspeed, Stripe, and Max Levchin. This financial backing underscores the company's credibility and potential in the fintech space, particularly in the B2B payment sector. These partnerships enable Balance to continue innovating and expanding their services, enhancing their ability to support market-leading merchants, marketplaces, and B2B trade platforms.
B2B Payment Solutions
Balance offers the first business checkout solution for B2B transactions, allowing business customers to select their preferred payment method and timing. The platform ensures that sellers receive funds instantly, mirroring the convenience of card payments. Balance's solutions support various stages of transactions, including pre-purchase, purchase, fulfillment, and post-purchase, and are utilized by leading B2B marketplaces, distributors, and brands.
Product Suite and Features
Balance provides a wide range of products and features tailored to B2B payment needs. These include buyer and vendor onboarding, KYB, AP set-up, digital credit applications, and instant credit decisions. The platform supports net terms financing, B2B checkout, bank payments, L2/L3 credit card processing, and invoicing. Additionally, Balance enables dynamic invoice adjustments, refunds, credit notes, re-auth and partial capture, and multi-vendor transactions. The company also offers solutions for collections, cash application, and global payouts.
Integration and Partner Ecosystem
Balance is designed to integrate seamlessly with existing software or platforms, supporting B2B growth across various channels. The company partners with global enterprises to scale their sales channels, leveraging an ecosystem-first approach. Through webinars, guides, blogs, and case studies, Balance educates businesses on payment best practices, new technology, and industry success stories. This support extends to finance teams, ecommerce managers, business leaders, and tech teams, fostering digital transformation and optimized payment strategies.