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.
Copyright © 2021 FinTech Global
