Behalf

lendingsme financing

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 17/07/2020

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About

Behalf is an alternative financing provider on a mission to increase sales and improve cash flow for both merchants and their business customers. Our B2B payments solution enables merchants to extend free net terms and flexible financing, providing business customers with more buying power and payment choice regardless of transaction or invoice size. B2B merchants can fit Behalf seamlessly into their eCommerce checkout flow, and automate payments in all your B2B sales channels, including invoicing and managed sales.To find out more about how Behalf is transforming the way businesses buy and sell, visit www.behalf.com.

MEDICI Analysis

Behalf offers on-demand purchasing solutions to U.S. based SMBs. It offers access to short-term financing for businesses of all size, with flexible repayment terms. It evaluates the creditworthiness of an individual by leveraging big data analytics. Instead of directly issuing funds to the SMB, it pays the small business’ vendors on its behalf.

Focus

PRODUCTS & SERVICES

Behalf offers alternative financing solutions to help small businesses to pay their vendors. It offers loans for up to $50,000 with flexible repayment terms. It helps to increase the cash flow of both consumers and merchants by providing them on-demand financing solutions.

REVENUE MODEL

The company earns revenue by charging one-time loan processing fees and monthly fee (1-3% of loan amount) from the merchant.

MAIN CLIENTS

Small businesses

EXISTING PARTNERSHIPS

Lenovo

Bob's For Business

B Stock

888 Lots

PCM - TigerDirect

Mastercard

FinWise Bank.

COMMENT

Behalf only charges on the purchases made and aids in improving the overall business credit rating.

People

FOUNDERS

Jeremy Esekow

Shai Feinberg

Benjy Feinberg

BOARD MEMBERS AND ADVISORS

Phillip Riese

Santo Politi

Shmil Levy

Benjy Feinberg

Gene Lockhart

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Maverick Ventures

MissionOG

Riese and Others

Sequoia Capital

Soros Fund Management

Spark Capital

Victory Park Capital

Vintage Investment Partners

Vintage Partners

Viola Group

Viola Growth

Visa

Visa Europe

Western Technology Investment

KEY EMPLOYEES:

Benjy Feinberg(CEO); Jorgen Bocklage(CFO); Osher Frimerman(CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$130 M

DATE OF LAST FUNDING

Aug 2018

TOTAL FUNDING COMMENT

The company is planning to use the fund to support small business growth through easy-to-access capital and financing. (Aug. 2018)

SEED CLOSED ON

Jul 2011

FUNDING SERIES

SERIES A  · $10 M  · Sep 2013

SERIES B  · $120 M  · Jul 2015

SERIES C  · ---  · Aug 2018

DEBT FUNDING

$150 M

LISTED

NO

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