# Settle

> Settle is a San Francisco fintech that bundles procurement, accounts payable, inventory management and inventory financing into one platform built specifically for consumer-brand operators. Instead of a founder juggling a purchase order in email, a bill in Bill.com, a payment in the bank, a loan from somewhere else and a stock count in a spreadsheet, Settle stitches the whole buy-make-pay-restock loop together - and lends against the bills it already sees.

- **Founded:** 2019
- **Headquarters:** San Francisco, United States
- **Founders:** Alek Koenig (CEO & Founder)
- **Team size:** Approximately 68 employees
- **Products:** Procurement, Accounts Payable Automation, Working Capital, Inventory Management & Forecasting
- **Notable:** Processed over $6B in payments and provided $3B+ in funding to brands since 2019., Automatic 3-way match surfaced an average of $273,000 in vendor billing discrepancies per brand within six months., Acquired inventory-management startup Turbine in October 2024 to add forecasting and real-time inventory.

## Products & services

- **Procurement** — Create and manage purchase orders, track goods received, and calculate true landed costs (materials, freight, duties, packaging) before a bill is ever paid.
- **Accounts Payable Automation** — Collect vendor bills, run approval workflows, and pay via ACH, wire, card or check with automatic 3-way matching of invoice, PO and receipt.
- **Working Capital** — Non-dilutive inventory financing from roughly $20K to $15M, approved in days off a brand's payables and purchasing data, repaid on flexible 30-120 day terms.
- **Inventory Management & Forecasting** — Real-time inventory tracking, SKU-level landed costs/COGS, and AI-assisted demand forecasting, built on the acquired Turbine platform and synced to Shopify and 3PLs.

## Achievements

- Processed over $6B in payments and provided $3B+ in funding to brands since 2019.
- Automatic 3-way match surfaced an average of $273,000 in vendor billing discrepancies per brand within six months.
- Acquired inventory-management startup Turbine in October 2024 to add forecasting and real-time inventory.
- Raised $15M Series A led by Kleiner Perkins, followed by a $60M Series B.
- Secured a $280M debt facility (2022) and a $145M credit facility (2023) to fund inventory advances.

## Latest updates

- **2024-10** — Launched a unified finance and inventory platform and acquired inventory-management startup Turbine, adding demand forecasting, real-time inventory and SKU-level landed costs.
- **2023-07** — Secured a $145M credit facility from Silicon Valley Bank to expand working-capital financing for brands.
- **2022-06** — Raised a $280M debt facility to power inventory financing for e-commerce brands.

## Links

- Website: https://www.settle.com
- LinkedIn: https://www.linkedin.com/company/settleco
- Twitter/X: https://twitter.com/usesettle
- Instagram: https://www.instagram.com/settle.hq/

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Profile page: https://yespress.io/settle
Published by YesPress — https://yespress.io
Last updated: 2026-08-19