About Settle
Settle is a company based in San Francisco (United States) founded in 2019 by Alek Koenig. It operates as a SaaS (Software-as-a-Service), Subscription Services, and FinTech. Settle has raised $91 million across 4 funding rounds from investors including SVB, Kleiner Perkins and Ribbit Capital. Settle has completed 1 acquisition, including Hello Turbine. Settle offers products and services including Inventory Management, Working Capital, Accounts Payable Automation, Procurement, and Tally (AI Assistant). Settle operates in a competitive market with competitors including Qonto, Melio, Lili, Azets and Esker, among others.
- Headquarter San Francisco, United States
- Founders Alek Koenig
-
Sectors
Technology
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Settle Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$91 M (USD)
in 4 rounds
-
Latest Funding Round
$145 M (USD), Debt – Conventional
Jul 25, 2023
-
Investors
SVB
& 6 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Settle
Settle offers a comprehensive portfolio of products and services, including Inventory Management, Working Capital, Accounts Payable Automation, Procurement, and Tally (AI Assistant). The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Inventory tracking is unified across sales and systems.
Financing is provided for inventory and growth needs.
Payments and bills are automated for operational efficiency.
Procurement processes are streamlined to reduce manual tasks.
AI insights are offered for financial decision-making support.
Unlock access to complete
Funding Insights of Settle
Settle has successfully raised a total of $91M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $145 million completed in July 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Debt – Conventional — $145.0M
-
First Round
First Round
(01 Nov 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Debt – Conventional - Settle | Valuation |
investors |
|
| Aug, 2021 | Amount | Series B - Settle | Valuation | Ribbit Capital | |
| Jan, 2021 | Amount | Series A - Settle | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Settle
Settle has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include SVB, Kleiner Perkins and Ribbit Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage companies in fintech and multiple sectors are invested in.
|
Founded Year | Domain | Location | |
|
Venture capital firm investing in early-stage tech startups
|
Founded Year | Domain | Location | |
|
A venture firm based in San Francisco and New York, investments are made in technology companies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Settle
Settle has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hello Turbine. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Cloud-based ERP solutions are provided for business operations management.
|
2022 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Settle
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Settle Comparisons
Competitors of Settle
Settle operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Qonto, Melio, Lili, Azets and Esker, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscription-based online banking is offered to SMEs and freelancers.
|
|
| domain | founded_year | HQ Location |
Blood-based pathogen detection devices are manufactured for healthcare applications.
|
|
| domain | founded_year | HQ Location |
Digital banking services are offered to freelancers.
|
|
| domain | founded_year | HQ Location |
Online accounting, tax, and audit management services for small businesses
|
|
| domain | founded_year | HQ Location |
AI and cloud-enabled source-to-pay automation solutions are provided for businesses.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Settle
Frequently Asked Questions about Settle
When was Settle founded?
Settle was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Settle located?
Settle is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Settle?
Alek Koenig is the current CEO of Settle. They have also founded this company.
Is Settle a funded company?
Settle is a funded company, having raised a total of $91M across 4 funding rounds to date. The company's 1st funding round was a Series A of $8M, raised on Nov 01, 2020.
What does Settle do?
Settle is engaged in providing software and financial solutions for consumer packaged goods (CPG) brands. Operations in inventory management, procurement, and accounts payable are automated through their platform. Working capital financing is offered to support inventory purchases and growth initiatives. The company serves startups, scale-ups, and accountants by unifying disconnected systems into a single dashboard. Real-time insights into costs and profitability are provided to aid decision-making. Integration with sales channels, inventory systems, and accounting tools is facilitated to streamline workflows. The focus is placed on reducing manual tasks and enhancing operational efficiency within the CPG sector.
What products or services does Settle offer?
Settle offers Inventory Management, Working Capital, Accounts Payable Automation, Procurement, and Tally (AI Assistant).
How many acquisitions has Settle made?
Settle has made 1 acquisition, including Hello Turbine.
Who are Settle's investors?
Settle has 7 investors. Key investors include SVB, Kleiner Perkins, Ribbit Capital, Caffeinated Capital, and Activant Capital.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.