San Francisco-based Settle recently filed its Form D with the SEC in connection to an $8 million equity round. According to the startup’s website, investors include Founders Fund, SciFi VC and Caffeinated Capital; to name three.
Settle was founded in November of 2019. It is an invoicing tool that automates B2B payments and provides working-capital solutions for businesses. Its customer portal provides a way to factor receivables, pay vendors, and pick up a 30-90-day loan to pay vendors by factoring in the amount owed to the business. Startups can sign up for free with additional plans ranging from $90 to $290 a month. Finally, Settle is a team of ~14 led by Alek Koenig.
Bottom Line: Your next distribution partner.