Fintech Start-up Settle Raises $60 Million in Series B Funding Round

Fazzaco learned that Settle, a US-based fintech startup, has completed its $60 million series B funding round.

The latest funding round was led by Ribbit Capital with participation from Kleiner Perkins and Caffeinated Capital.

According to the official press release, the company will utilise the new capital to expand its current 40-person team and build out products and integrations. Besides, Ribbit Capital’s general partner, Nick Shalek, is joining the Settle board.

Founded in November 2019, Settle claims 500 merchants as customers. Users include Italic, Huron, Brightland, Branch and Better Booch. The company was initially focused on payments and has subsequently added financing options onto the platform.