Behalf Completes $119 Million Financing to Expand BNPL Offering

​Fazzaco learned that Behalf, an omni-channel payment solution provider headquartered in New York for B2B firms, has announced the closure of $119m financing, which consisted of $100m in debt financing, and $19m in new venture financing.

The debt financing was offered by funds managed by UK investment company Ares Management Corporation, and the venture financing round was led by existing investors MissionOG, Viola Growth, Viola Credit, and Vintage Investment Partners, alongside new investors Migdal Insurance and La Maison Partners.

Behalf is intended to expand its buy now, pay later (BNPL) offerings and further product development by using the fundings.

Launched in 2011, Behalf operates as an alternative financing provider on a mission to increase sales and improve cash flow for both merchants and their business customers.