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Settle is an all-in-one bill pay, AP automation, and working capital platform built for CPG and e-commerce brands. It unifies purchase orders, vendor payments, inventory costing, and non-dilutive inventory financing in a single platform, helping brands scale without spreadsheets or equity dilution.
Settle is an all-in-one bill pay, AP automation, and working capital platform built for CPG and e-commerce brands. It unifies purchase orders, vendor payments, inventory costing, and non-dilutive inventory financing in a single platform, helping brands scale without spreadsheets or equity dilution.
Alek Koenig founded Settle in 2019 after four years as Head of Credit at Affirm, where he saw firsthand how growing consumer brands struggled with fragmented bill pay, vendor payments, and working capital. He co-founded Settle with CTO Shane Moriah to build a unified financial operations platform for CPG and e-commerce companies.
Settle acquired Turbine, an inventory management and costing tool, to bring best-in-class inventory capabilities to more CPG brands on the Settle platform.
Settle introduced a redesigned platform consolidating procurement, inventory management, accounts payable, and working capital financing into a single product for CPG brands.
Settle partnered with Cin7 to introduce the first embedded vendor payment solution for CPG brands, integrating Settle's AP automation directly into Cin7's inventory management platform.
Settle published a 2023 product wrap summarizing major feature releases across bill pay, AP automation, and working capital throughout the year.
Settle secured a $145 million credit facility from Silicon Valley Bank to fund non-dilutive working capital loans for its CPG and e-commerce brand customers.
Settle published a blog post detailing its Series B fundraise, vision for unified cash flow management, and product roadmap for CPG brands.
Settle closed a $60 million Series B round led by Ribbit Capital with participation from Kleiner Perkins, Caffeinated Capital, Activant Capital, Stripes Group, and Citi Ventures, bringing total equity raised to $81M.
Kleiner Perkins published a blog post explaining their thesis for investing in Settle, describing it as a reimagined CFO suite for brands of the future.
Settle secured $15 million in Series A financing led by Kleiner Perkins to expand its working capital solutions for e-commerce companies.
Settle raised a $6 million seed round led by Founders Fund in November 2020, with participation from SciFi VC, Caffeinated Capital, WorkLife Ventures, and Background Capital.
CTO & Co-Founder
Shane Moriah is the CTO and co-founder of Settle, responsible for the technical architecture of the bill pay and working capital platform.
$226M raised total