B2B Payments Company Balance Secures $25 Million in Series A funding

Balance, a B2B payments experience company offering the first online checkout built for businesses, has raised $25 million in a Series A funding round.

The latest funding round was led by Ribbit Capital with participation from Avid Ventures, Stripe, Y Combinator Continuity Fund, SciFi VC and UpWest. Other individual investors include early employees and executives from Plaid, Coinbase, Square, Stripe and PayPal, such as Jaqueline Reses, formerly head of Square Capital. 

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Balance has built a B2B payments platform that allows merchants to offer a variety of payment methods, including ACH, cards, checks and bank wires, as well as a variety of terms, including payment on delivery, net payment terms and payment by milestone. 

The company claims its consumer-like dedicated B2B payments platform will help improve the online checkout experience for customers within B2B marketplaces.