Settle Raises $280 Million In Debt to Power E-Commerce Brands
Summary
Settle, a fast-growing payments startup, announced today that it has secured up to a $280 million revolving credit facility from Citibank & Atalaya. This multiyear revolving credit facility will allow Settle to continue expanding support for emerging and high-growth ecommerce businesses. By providing a suite of tools that allow for seamless bill pay and accounts payable management, Settle minimizes the burden of monitoring when and where company dollars are spentgiving founders and small business owners more time to focus on their products and customers. Settle also provides flexible financing options to help smooth out the months-long gaps between inventory purchases and product sales.News of this deal comes on the heels of Settles $60M series B raise, which was led by Ribbit Capital. Other prominent investors include Kleiner Perkins, Founders Fund, Max Levchins SciFi Ventures, Caffeinated Capital, and others.