Settle raises $15m from Kleiner Perkins to give e-commerce companies more working capital

“These companies suffer from the problem where there are these huge cash flow gaps from buying inventory, waiting to receive it and then turning it into revenue,” Koenig explains. “It takes quite a bit of time for these customers to actually get revenue from all those inventory purchases they need to make. What we do is make it really easy for companies to pay their vendors with extended payment terms.” Settle does this by automatically syncing to a business’ accounting software and combining that with working capital products it’s developed.

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