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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.
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.
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.
The company earns revenue by charging one-time loan processing fees and monthly fee (1-3% of loan amount) from the merchant.
Bob's For Business
PCM - TigerDirect
Behalf only charges on the purchases made and aids in improving the overall business credit rating.
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Benjy Feinberg(CEO); Jorgen Bocklage(CFO); Osher Frimerman(CTO)
DATE OF LAST FUNDING
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
SERIES A · $10 M · Sep 2013
SERIES B · $120 M · Jul 2015
SERIES C · --- · Aug 2018
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