The Venture Codex

Participated · Equity · Dec 2021

Resolve provides B2B buy-now-pay-later (BNPL) and ‘net terms-as-a-service’ that automates billing, underwriting and payment flows for business purchases. The product lets merchants offer extended payment terms (30/60/90 days) while receiving full payment up front minus fees, and buyers can avoid interest or fees if accounts are repaid within agreed terms. Resolve emphasizes integration with existing ERP and accounting tools to make credit embeddable where businesses already accept payments. The company positions its automation as a way to speed invoice payments and improve cash flow for sellers while simplifying onboarding and credit checks. Resolve says demand has been strong among small business service providers and other B2B merchants. The company was launched as a spinout from Affirm in 2019 and is focused on growing its B2B BNPL offering. Resolve provides an embedded digital net-terms and credit-billing platform that extends buy-now-pay-later capabilities to B2B transactions. Launched as a spinout from Affirm in 2019 and led by CEO Chris Tsai, the platform automates underwriting and 30-, 60-, or 90-day net terms to speed invoice payment and maximize revenue. Key features include a Smart Credit Engine that syncs with merchants’ real-time payment histories for immediate credit decisioning, Advance Pay that ensures merchants are paid immediately, a Payment Chaser that automates reconciliation of multiple or partial invoice payments, and a Payment Portal for embedded bill payment and business credit-history building. The credit billing platform integrates with other financial systems using proprietary single-click embedding technology. Resolve raised $60M in funding and intends to use the proceeds to accelerate operations and expand its business reach. The company is based in San Francisco, CA.