• FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    9 Sep, 2019

Description

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:
Viewable by subscribers only
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:
Benjy Feinberg, Shmil Levy, Gene Lockhart, Santo Politi, Phillip Riese
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Visa Europe, Viola Group, Sequoia Capital, Spark Capital, MissionOG, Vintage Partners, Victory Park Capital, Maverick Ventures, Riese and Others, Western Technology Investment
KEY EMPLOYEES:
Benjy Feinberg(CEO); Jorgen Bocklage(CFO); Osher Frimerman(CTO)

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$156 Million
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:
Jun 2011
SEED PRIOR FUNDING COMMENT:
An undisclosed fund raised in June 2011.
FUNDING SERIES:
SERIES A
$10 Million Closed: Sep 2013
SERIES B
$119 Million Closed: Jul 2015
SERIES C
$27 Millions Closed: Aug 2018
COMMENTS
SERIES C : An undisclosed amount of funds were raised in Aug 2018.
DEBT FUNDING:
$150 Million
LISTED:
NO

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