Settle unveils New Purchasing and Procurement Suite for E-commerce Businesses

Settle, the leading cash-flow management platform announced a new purchasing suite designed specifically for founders of e-commerce businesses. Purpose-built to streamline the challenge of purchasing and procurement, the new Settle Purchasing suite of tools automates back-office tasks like bill pay, purchase order creation, auditing, reporting and more. “The current economic climate and supply chain uncertainty have made frictionless procurement and purchasing more critical than ever to the survival of a small e-commerce business,” said Alek Koenig,...

Settle raised $145M Credit Facility with Silicon Valley Bank

Settle, the leading cash-flow management platform, announced it has secured up to $145 million credit facility with Silicon Valley Bank, a division of First Citizens Bank, increasing its capacity to support high-growth e-commerce and consumer brands and small businesses. Settle is a cash-flow management platform purpose-built for e-commerce and consumer brands with demanding inventory and cash conversion cycles. Settle provides a centralized hub to quickly and easily pay vendors, track payment status, manage invoices, and...

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