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Quild #35: Balance

B2B eCommerce Payments

03 Mar

This is the Quild daily, highlighting one early-stage startup that has statistically significant signals of becoming a unicorn.

Balance lets B2B merchants provide businesses with a way to pay how and when they want, while getting the funds instantly and easily as card payments.

Founders: Bar Geron (CEO), Yoni Shuster (CTO)

Signals:

  1. Repeat founders

    1. Bar and Yoni both co-founded Q.ai

  2. Venture-backed experience

    1. Bar worked as a product manager at Behalf for 1.5 years

  3. Top company alumni

    1. Bar worked as a data scientist at Paypal for over 2.5 years

    2. Yoni worked as a product manager at Paypal for over 3 years

  4. Fast team growth

    1. Grew 2.2x YoY to 48 employees

    2. And hiring a lot, lot more

  5. Accelerated financing

    1. Founded in 2020, announced seed in Feb 2021, announced series A in Aug 2021

  6. Midas list investors

    1. Ribbit Capital led series A

    2. Lightspeed participated in seed and series A

Till tomorrow, Kenn