Behalf is a technology company.
Behalf has raised $212.0M across 5 funding rounds.
Key people at Behalf.
Behalf has raised $212.0M in total across 5 funding rounds.
Key people at Behalf.
Behalf has raised $212.0M in total across 5 funding rounds.
Behalf's investors include Rose Innovation Ltd, Viola Ventures, Omer Kaplan, Russell Dreisenstock, Yossi Vardi, Angelic Ventures, Ligature, Lightspeed Venture Partners, Nyca Partners, SciFi VC, Sequoia Capital Israel, Spark Capital.
Behalf was a fintech company that provided B2B payment and financing solutions, enabling merchants to offer net terms and flexible financing options like buy now, pay later (BNPL), microloans, business term loans, and revolving credit lines to small and medium-sized enterprises (SMEs).[1][2][3][5] It served B2B merchants and their business customers by integrating into eCommerce platforms, automating payments across invoicing and sales channels, and addressing cash flow challenges to boost purchasing power and sales.[1][2] The company raised $325M total, reached Debt-II stage, but ceased operations in January 2023 amid financial pressures, as indicated by a declining Mosaic Score.[1][3]
Behalf was founded in 2011 (some sources note 2012) by Benjy Feinberg, Shai Feinberg, and Jeremy Esekow in New York, initially under the name Zazma before rebranding.[1][3][4] The idea emerged to tackle small business financing gaps by paying vendors directly on behalf of buyers, offering short-term loans from $300-$50,000 with flexible terms.[3][4] Early traction included a 2015 MasterCard and Comdata partnership for broader vendor acceptance, followed by a $119M equity raise from investors like Sequoia Capital, Spark Capital, and others; it later secured $100M in debt financing to expand BNPL for B2B e-commerce.[3][5] These milestones built momentum until operations ended in January 2023.[3]
Behalf rode the B2B fintech and BNPL wave in the early 2010s, capitalizing on e-commerce growth and SMEs' need for non-traditional credit amid slow invoice payments and limited bank access.[1][2][5] Timing aligned with rising digital B2B sales post-2010, where platforms like Shopify amplified demand for embedded finance; market forces like high interest rates and economic shifts favored agile solutions over legacy banking.[3][5] It influenced the ecosystem by pioneering supplier-direct payments and net terms automation, paving the way for competitors and normalizing BNPL in B2B, though its 2023 shutdown highlights sector vulnerabilities to funding squeezes and defaults.[1][3]
Behalf's story underscores the high-stakes volatility in B2B fintech, where innovative financing drove sales growth but couldn't withstand 2022-2023 market headwinds. Post-shutdown, its model lives on through evolved players like Bluevine and Fundbox, suggesting embedded BNPL will expand with AI-driven underwriting and economic recovery.[1] Trends like API-first payments and supply chain finance could revive similar ventures, potentially under new ownership of Behalf's IP, amplifying their role in a maturing $10T+ B2B payments market—echoing its original mission to transform how businesses buy and sell.[2][5]
Behalf has raised $212.0M across 5 funding rounds. Most recently, it raised $19.0M Venture Round in July 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jul 1, 2021 | $19.0M Venture Round | Rose Innovation Ltd, Viola Ventures, Omer Kaplan, Russell Dreisenstock, Yossi Vardi | |
| Jun 1, 2020 | $13.0M Series D | Rose Innovation Ltd, Viola Ventures, Omer Kaplan, Russell Dreisenstock, Yossi Vardi | |
| Aug 1, 2016 | $50.0M Series C | Angelic Ventures, Ligature, Lightspeed Venture Partners, Nyca Partners, Rose Innovation Ltd, SciFi VC, Sequoia Capital Israel, Spark Capital, Viola Ventures, Ariel Maislos, Ben Barokas, Dan Ciporin, Omer Kaplan, Ron Suber, Russell Dreisenstock, Yossi Vardi | |
| Dec 1, 2015 | $120.0M Series B | Angelic Ventures, Ligature, Lightspeed Venture Partners, Nyca Partners, SciFi VC, Sequoia Capital Israel, Spark Capital, Ariel Maislos, Ben Barokas, Dan Ciporin, Ron Suber | |
| Apr 1, 2013 | $10.0M Series A | Angelic Ventures, Ligature, Lightspeed Venture Partners, Nyca Partners, SciFi VC, Sequoia Capital Israel, Spark Capital, Ariel Maislos, Ben Barokas, Dan Ciporin, Ron Suber |
