B2B payments FinTech Balance has secured $5.5m in seed capital from Stripe, Tal Morgenstern of Lightspeed, and Max Levchin through his SciFi VC.
Levchin is a co-founder of PayPal as well as the buy now pay later company Affirm, which went public in January.
Balance is set up to offer B2B payment methods for merchants, enabling them to offer a variety of payment methods including automated clearing house and bank wires as well as a variety of payment terms, TechCrunch reported.
Co-founders Bar Geron and Yoni Shuster, CEO and CTO respectively, are both PayPal alumnus and launched Balance in 2019.
Their goal is to bring the ease B2C payment companies has brought regular consumers to the B2B space.
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