Settle

Settle operates a back-office platform for consumer packaged goods (CPG) and ecommerce brands that unifies procurement, accounts payable and inventory financing. Users create and manage purchase orders, track goods received, collect and route bills for approval, pay vendors, and calculate SKU-level landed costs that combine materials, freight, duties and packaging. The platform automatically matches invoices to purchase orders and receipts to flag discrepancies before payment, supports approval workflows for bills, payments and POs, and provides cash visibility and forecasting based on live accounts payable and purchasing data. Purchase orders can be split into partial shipments with costs recorded as goods arrive.

Alongside the software, Settle extends working capital of $20,000 to $15 million (its About page cites approvals of up to $20 million), underwritten on a brand's actual payables and purchasing data and positioned as non-dilutive financing approved within days. The company states it has provided more than $3 billion in funding to brands since 2019.

Settle is designed to complement rather than replace accounting systems, syncing operations data into QuickBooks Online, Finaloop or NetSuite, and integrating with Shopify for product catalog and optional landed-cost sync. It serves CPG sub-verticals including food and beverage, health and beauty, baby and kids, household goods, apparel and accessories, supplements and wellness, pet products, and home and lifestyle.

Business model

Settle sells subscription software for procurement and accounts payable and separately provides working capital financing to brands, with financing underwritten against payables and purchasing data.

Tiered SaaS subscriptions with flat pricing: a free Launch plan covering core inventory features and integrations, and an Accelerate plan at $199 per month adding a dedicated support manager, cash flow forecasting, advanced procurement and custom roles. All plans include unlimited seats and no transaction, per-user or per-order fees. Settle also earns from providing working capital financing to brands.

Traction

The company reports more than $3 billion in funding provided to brands since 2019, $6 billion in total payments processed (its About page cites $3.4 billion in total payment volume), and an average one-year supported revenue growth of 550% calculated across 417 customers. It states it supports hundreds of high-growth consumer brands. A third-party profile reports Settle surpassed 500 customers as of November 2021 and grew revenue 20x over the prior year.

Latest developments

Settle's current product line spans accounts payable, procurement and working capital of $20,000 to $15 million, with a free Launch tier and a $199 per month Accelerate tier, and integrations with Shopify, QuickBooks Online, Finaloop and NetSuite.