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.
Infinicept is how software companies are now getting all the advantages of embedded payments – from more revenue to more control of the merchant. Customers can count on more foresight, more freedom, and more follow-through across the entire process.
PayPal gives people better ways to manage and move their money, offering them choice and flexibility in how they are able to send money, pay or get paid. PayPal operates an open, secure and technology agnostic payments platform that businesses use to securely transact with their customers online, in stores and increasingly on mobile devices.