Cashflow management startup Settle with an office in Lviv has raised $60M in Series B funding round led by Ribbit Capital, Kleiner Perkins, Caffeinated Capital, Activant Capital and Stripes.
- Cashflow management startup Settle was founded by Alek Koenig in 2019 to provide alternative lending to businesses. It combines payments, financing and accounting integrations into one tool so that brands can scale faster. Italic, Huron, Brightland, Branch and Better Booch are among Settle’s clients.
- The new funding will allow the company to quickly introduce new products to the market, as well as to expand its team by attracting the best engineers.
Evgeniy Rudy: “Our team in Lviv is a founding team. We started at the end of 2019 with a team of four: founder Alec Koenig, me as a product designer and two engineers. Half of the engineers and all the product designers are in Ukraine, the other half of the engineers, the business team, CTO and CEO are in the States”.