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Resolve at its core improves traditional and cumbersome b2b payments.They facilitate deferred payments between businesses, but in a way that benefits both businesses. Resolve currently works with US-based manufacturers, wholesalers, and distributors. Deferred payments are commonly referred to as ‘net terms’, it describes a payment delay of 30, 60, or 90 days that has come to be expected by business customers.The issue for the business seller is that they are required to act like a bank. They need to give short-term credit to their customers and ‘float’ these net terms invoice payments. Resolve takes care of every aspect of a business being able to offer net terms as a payment option; They solve for the credit checking process, provide invoice financing, automate accounts receivable processes, and speed up payments processing. Resolve enables simpler b2b deferred payments through Resolve end-to-end and embedded ‘credit billing’ solution. Resolve automates and streamlines all of the tasks associated with offering net terms. The result is easier net terms all while improving their customer’s cash flow, reducing their financial risk, reducing AR resource requirements, and increasing their b2b sales. Affirm and Resolve share their founding history in Max Levchin. Max was previously co-founder and CTO at PayPal and founded Affirm in 2012. Resolve was developed in Max’s San Francisco based venture studio, HVF, by co-founders Chris Tsai and Brian Nguyen. Resolve’s co-founders Chris & Brian had previously worked together on a successful fintech startup that was acquired by Indiegogo. Having both worked closely with Affirm, the pair saw an opportunity in the ‘buy now, pay later’ space - but with a focus on b2b. Chris & Brian are Y Combinator alums, were Wharton MBA classmates, and hold technical degrees from MIT and Stanford between them.
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Direct Commerce delivers a highly adaptable, scalable, and secure suite of source-to-pay (S2P) solutions that automate and ensure compliance within your finance teams and supplier community. We know that one size does not fit all; therefore, we tailor our solutions to your specific needs. For the past 20 years, we have been trusted to deliver the people, technology, and global best practices that result in the highest adoption rates and fastest time to value. By staying at the forefront of technology and analytics, Direct Commerce delivers robust solutions that help people and companies reach their full potential.
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Stripe is the best way to accept payments online and in mobile apps. They handle billions of dollars every year for forward-thinking businesses around the world. They are the world's largest developer-oriented commerce company, helping small and large companies accept web and mobile payments. Stripe currently powers businesses in 25 countries. They work from around the world in nine global offices and many more Stripes work remotely from anywhere. They help businesses accept payments from anyone, anywhere, and build new kinds of companies like Lyft or Kickstarter.
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