balance bags $25m in its Series A

balance, a B2B checkout platform, has reportedly scored $25m in its Series A funding round, which was led by Ribbit Capital.

Additional support came from Avid Ventures and existing balance backers, Lightspeed Ventures, Stripe and Y Combinator Continuity Fund, according to a report from The Paypers.

The FinTech company, which was founded in Israel in 2019, aims to improve the B2B online purchasing experience for buyers and vendors. Its API-based technology offers easy to integrate omni-channel experiences.

Its products include B2B hosted checkout, payment capabilities, risk-free financing and payment automation.

Ribbit Capital has participated in several high-profile FinTech funding rounds this month. The venture capital firm recently supported the $370m Series E round of merchant payments and financial services provider BharatPe.

The firm also joined the $350m Series D round of money management app Ualá, which helped the company reach a $2.4bn valuation. The investment is the largest private investment into an Argentina-based company.

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