Slope

Provides B2B Buy Now, Pay Later solutions

San Francisco, California, United States

About Slope

Slope provides Buy Now, Pay Later (BNPL) solutions designed for business-to-business (B2B) transactions, specifically targeting small to medium-sized enterprises (SMEs). Their service allows these businesses to manage their working capital more effectively by offering flexible payment options. When a transaction occurs, Slope charges a 6% merchant fee and pays the merchant immediately after goods are shipped or services are delivered. This process removes the risk of bad debt and the burden of payment collections from the seller, enabling them to concentrate on growth. Slope differentiates itself from competitors by focusing exclusively on B2B transactions, simplifying access to capital for growing businesses and alleviating the financial pressures associated with traditional credit management.

San Francisco, CaliforniaHeadquarters

2021Year Founded

$91.9MTotal Funding

EARLY_VCCompany Stage

Fintech, Financial ServicesIndustries

11-50Employees

Risks

Increased competition from financial institutions entering the B2B BNPL space.

Potential regulatory scrutiny on BNPL services could impact Slope's operations.

Rapid scaling could lead to operational inefficiencies or service quality challenges.

Differentiation

Slope offers BNPL solutions specifically for B2B transactions, unlike most competitors.

The company eliminates bad debt risk by paying merchants once goods are shipped.

Slope's AI-driven underwriting platform, SlopeAI, enhances risk assessment and approval speed.

Upsides

Slope raised $65M to scale operations, indicating strong investor confidence.

Partnership with J.P. Morgan enhances credibility and market reach for Slope.

The B2B BNPL market is projected to reach $1 trillion by 2025, offering growth potential.

Funding

Total raised$91.92 M

Latest valuation$162.50 M

StageEARLY_VC

EARLY VC

6/30/2024

$32

$162.50 M

DEBT