Settle

Payment solutions for CPG brands

San Francisco, California, United States

About Settle

Settle offers payment products tailored for Consumer Packaged Goods (CPG) brands, focusing on simplifying cash flow management. Their tools help these brands understand and manage retailer and distributor margins, addressing challenges like supply chain disruptions and retail changes that can affect profitability. Unlike many financial service providers, Settle specifically targets emerging CPG brands, allowing them to concentrate on growth rather than financial details. The company generates revenue by charging clients a fee based on transactions or a flat rate for its services, aiming to support CPG brands in navigating their financial landscape.

San Francisco, CaliforniaHeadquarters

2019Year Founded

$78.8MTotal Funding

DEBTCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Health Savings Account/Flexible Spending Account

Home Office Stipend

Professional Development Budget

Commuter Benefits

Employee Referral Bonus

Risks

Increased competition from fintech companies like Sokin threatens Settle's market share.

Integration challenges with Turbine may affect Settle's platform operations.

Reliance on AI exposes Settle to risks of inaccuracies in financial operations.

Differentiation

Settle offers a unified finance and inventory platform for CPG brands.

The platform includes features like Automatic 3-Way Matching for purchase orders.

Settle's partnership with Cin7 introduces an embedded vendor payment solution.

Upsides

Settle's AI integration optimizes cash flow management for businesses.

The partnership with Finaloop offers comprehensive financial management for ecommerce brands.

Settle's real-time data analytics enhance decision-making for CPG brands.

Funding

Total raised$78.79 M

Latest valuation$300.00 M

StageDEBT

DEBT

6/30/2023

$145

SERIES B

10/31/2021

$60

$300.00 M

SERIES A

4/30/2021

Kleiner Perkins

$15

$75.00 M

SEED

10/31/2020

$30.00 M