Articles from Balance

Balance, the AI-powered financial infrastructure platform for B2B commerce, announced today the launch of “Pay Later for Business” on Alibaba.com, an embedded financing solution designed to give U.S. small and medium-sized enterprises (SMEs) greater purchasing power and more control over how and when they pay. With this solution, Alibaba.com’s U.S. business users have the option to access instant credit at checkout, enabling eligible ones to finance purchases.

Balance, the financial infrastructure platform for B2B commerce, today announced the launch of Instant Bank Connection, a new capability powered by Real-Time Payment (RTP) rails that simplifies ACH setup for buyers and speeds up payments to merchants—improving cash flow and reducing processing costs.

Balance, a financial infrastructure for B2B commerce, is proud to announce a collaboration with Instacart Business to introduce embedded invoicing as a payment method within the Instacart platform.

Balance, Canada’s oldest and largest digital asset custodian, is happy to announce the addition of three new key members to its leadership, further solidifying its reputation as a top custodian of digital assets in both Canada and the US.

Balance, Canada’s oldest and largest digital asset custodian, is happy to announce the registration of its subsidiary Balance Trust Company as a special purpose trust under the Loan and Trust Corporations Act (Alberta) with Alberta’s Treasury Board and Finance (ATBF). A first financial audit was conducted in connection with the above demonstrating regulatory net equity requirements are met. In essence, Balance Trust Company is now a Canadian and US qualified custodian, able to serve regulated entities such as public ETF and mutual fund issuers, registered investment advisers, and restricted dealer cryptoasset trading platforms (CTPs), stablecoin providers, as well as any other Canadian and US accredited investors.

E-PAL, the world’s leading gaming and social companion platform, has officially unveiled Balance, its new AI-powered blockchain experience platform, following two successful funding rounds led by Andreessen Horowitz (a16z) and Galaxy Interactive. The funding rounds also received support from prominent investors, such as Animoca Brands, K5, CLF Partners, MBK Capital, New Heights Fund, AMBER, MarbleX, Sky Mantra, Tuna, Aptos Labs, IOBC, Leland, Halcyon Capital, Uphonest, Taisu Ventures, Gate Labs, DWF Ventures, BING, WAGMI, YouTube co-founder Steve Chen, Riot Games CEO Marc Merrill, and League of Legends Director Thomas Vu, bringing E-PAL’s total funding to $30 million.

Balance, Canada’s oldest and largest digital asset custodian, is happy to announce the incorporation of Balance Trust Company as a special purpose trust under the Loan and Trust Corporations Act (Alberta). In connection with the issuance of the letters patent by Alberta’s Treasury Board and Finance (ATBF), Balance committed $10,000,000 of regulatory capital into this new wholly-owned subsidiary towards becoming a qualified Canadian and US custodian.

Balance, Canada’s oldest and largest digital asset custodian, is excited to announce it has completed a SOC 2 Type 2 evaluation with a report date of March 28th.

FASHIONGO, the leading online B2B wholesale marketplace that enables the fashion industry to connect and discover new opportunities, today announces Dynamic Net Terms, an unrivaled tailored B2B net terms solution aimed to widen access to funds to a broad range of retailers and ignite their business growth amidst a turbulent and ever-changing economic climate. Available March 18th, 2024 to all FASHIONGO retail buyers, this solution is the first of its kind for the traditionally underserved wholesale buyers that offer dynamic net terms and payment options which adjust to each individual’s profile and needs.

Balance, Canada’s oldest and largest digital asset custodian, is pleased to announce that it has moved its corporate headquarters and relocated its core business from Toronto, Ontario to Calgary, Alberta.

Balance, the digital payment platform, is announcing its new suite of products spanning the B2B transaction lifecycle.

Hokodo, headquartered in Europe, and Balance, based in the United States, are announcing today a first-of-its-kind partnership that will redefine the global payment terms landscape and create new opportunities for B2B buyers and sellers.

Balance, the preferred B2B payment platform for leading businesses, announced today the launch of its surcharge solution. This capability enables suppliers to implement a surcharge fee for credit card transactions, providing flexible payment options to buyers while preserving healthy profit margins.

B2B payments platform Balance announced today the release of its enhanced dunning management solution, as part of its Account Receivables Management Suite, a welcome answer to enterprise organizations’ often-complex challenge of managing receivables and collecting late payments. This latest release includes an automated payment collection solution, as well as a buyer portal that offers merchants a comprehensive view into payments made and outstanding invoices.

Balance today announced it has been named a BigCommerce Certified Technology Partner, providing tens of thousands of BigCommerce merchants with access to digital and self-serve B2B payments. Beginning today, BigCommerce customers can integrate Balance through the BigCommerce App Marketplace.

MarketTime, the provider of best-in-class order-writing, business intelligence and B2B eCommerce platforms in the industry, has announced its payments solution will be powered by Balance, the top B2B payments experience company offering the first online checkout built for businesses. Balance is flipping the old, complacent ways of B2B transacting on its head. This partnership will support MarketTime in offering mtPay, its new integrated payment processing and credit terms solution.

Balance, the leader in B2B payments specializing in financing and ecommerce, has announced a $350 million credit facility from Viola Credit to continue enabling B2B commerce and ease working capital. This announcement comes on the heels of Balance’s $56M in Series B financing round to help merchants and marketplaces scale ecommerce payments with instant financing and a B2B checkout.

Balance, the leader in B2B eCommerce payments, today announced a partnership integration with Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce. This integration comes just months after Shopify announced its new B2B offering in June. Shopify’s goal is to enable an easy-to-use buying experience from a single platform for both consumers and wholesale customers alike. Balance will make this possible via a payment experience customized specifically to B2B, providing the same ease and convenience as B2C. The Balance app will enable B2B merchants to offer their customers the option to defer payment by up to 60 days, and pay via multiple payment methods from ACH to credit card or check.

Balance, the leader in B2B payments, specializing in financing and ecommerce, today announced the hiring of fintech executive Kim Loftis, the company’s VP of Customer Growth.

Balance, the leading B2B ecommerce payments platform offering the first modernized, online checkout for businesses, announced the results of a survey from 451 B2B buyers, including purchase managers, procurement managers, and C-level executives. MRM Commerce, the award-winning global digital commerce practice of MRM, partnered with Balance to provide their expert advice on the shifting ecommerce trends in the wake of a new era of digital commerce in B2B trade.

Balance, the top B2B payments experience company offering the first online checkout built for businesses, today announced a partnership to embed its payments solutions with Mirakl, the industry’s first and most advanced enterprise marketplace SaaS platform. B2B marketplace sales increased 131% to $56.5B in 2021, designating them as the fastest growing eCommerce channel in the world. Together Balance and Mirakl will offer a seamless payment experience for B2B marketplaces while keeping operating costs at minimum, making it easier for B2B organizations to scale their eCommerce.

Balance, the leader in B2B marketplace and eCommerce payments, today announced a $56 million Series B fundraise, bringing the company’s total funding to $87M. The round was led by Forerunner Ventures with support from Salesforce Ventures, Hubspot Ventures, Lyra Ventures, and Gramercy Ventures. Notable leaders in B2B eCommerce also participated in the round as angel investors, including former Shopify CMO Jeff Wisener, Faire CTO & co-founder Marcelo Cortes, as well as previous investors Ribbit Capital, Lightspeed Ventures, Avid Ventures, Upwest and Jibe. Balance will use this funding to expand its offerings to new, global eCommerce platforms and enable B2B merchants to grow their digital revenue.

Balance is proud to celebrate five years in business serving Canadians as the country's top digital asset custodian.

Balance, the payments experience platform for B2B eCommerce, today announced it has raised $25 million in Series A funding led by Ribbit Capital, with participation from Avid Ventures as well as existing investors Lightspeed Ventures, Stripe, Y Combinator Continuity Fund, SciFi VC and UpWest. Other individual investors participating include Jacqueline Reses (formerly Head of Square Capital) as well as additional early employees and executives from Square, Plaid, Coinbase, Stripe, and PayPal.