Settle
Founded in 2019, Settle is a financial operations platform that combines payments, financing, and accounting integrations to help ecommerce businesses and CPG brands scale faster. The platform was founded by Alek Koenig, formerly head of credit at Affirm, to provide alternative lending to businesses.
What is Settle?
Settle manages purchasing, vendor payments, and working capital in one platform, automating procure-to-pay workflows while keeping costs organized and providing transparent financing when needed. The platform automatically calculates Weighted Average Cost (WAC) at the SKU level including landed costs, giving ecommerce brands a more complete and accurate view of profitability. Settle reduces manual work across procurement and AP by automating PO-bill matching, approval workflows, W-9/W-8 collection, PO creation, volume-based vendor costs, and bill itemization.
Pricing
$199/month
Purchase, finance and pay for inventory built for CPG and ecommerce brands
Starting Price
$199/monthFunding
$60M raised (2021)Used By Count
Thousands of businesses
