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"Balance is the perfect fit due to the UX built-in best practices and the ability to offer a simplified checkout flow that included a multitude of payment options, including terms."
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.
SafeCharge is now Nuvei! We are the payment technology partner of thriving brands. We provide the intelligence and technology businesses need to succeed locally and globally, through one integration — propelling them further, faster. Uniting payment consulting and payment technology, we help businesses remove payment barriers, optimize operating costs and increase acceptance rates both locally and globally. We deliver all the solutions businesses need to provide a flawless payment experience. Wherever and however payments are made. But our edge doesn’t stop there. We have proven tools to help them sell more, convert more and extract more revenue out of each transaction. With the best merchant services out there, our goal is to empower businesses to make the world their local marketplace. Discover more at nuvei.com.
WEX is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through approximately 4,900 associates around the world.
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