Settle Raises $280 Million In Debt to Power E-Commerce BrandsSettle, a fast-growing payments startup, announced today that it has secured up to a
$280 million revolving credit facility from Citibank & Atalaya. This multiyear revolving credit facility will allow Settle to continue expanding support for emerging and high-growth ecommerce businesses.
With the recent years’ rapid changes in consumer habits and ever-changing supply chain ecosystem, this segment in particular has turned to
novel fintech solutions like Settle’s cashflow management platform for support.
Settle is an
all-in-one cashflow management solution tailored to the needs of growing ecommerce brands. By providing a suite of tools that allow for seamless bill pay and accounts payable management, Settle minimizes the burden of monitoring when and where company dollars are spent.
Settle also provides
flexible financing options to help smooth out the months-long gaps between inventory purchases and product sales.
