Settle

Settle operates a back-office platform for consumer packaged goods brands that unifies procurement, accounts payable and inventory financing. Its accounts payable module collects bills, routes approvals and pays vendors while showing outstanding obligations; its procurement module creates and manages purchase orders, tracks goods received and calculates SKU-level landed costs that combine materials, freight, duties, shipping and packaging. Built-in capabilities include automatic matching of invoices to purchase orders and receipts to surface discrepancies, approval workflows for bills, payments and POs, and cash visibility and forecasting based on live AP and procurement data. Purchase orders can be split into partial shipments so costs are recorded as goods arrive.

Alongside software, Settle extends working capital of $20,000 to $15 million (the company's About page cites approvals of up to $20 million), underwritten against a brand's payables and purchasing data and described as non-dilutive, with approvals in days. The platform integrates with Shopify for product catalog data and optional landed-cost sync, and with QuickBooks Online, Finaloop and NetSuite for accounting; it is positioned as a complement to, not a replacement for, an accounting system. Settle 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. A third-party startup profile describes the company more broadly as an all-in-one payments solution for growing consumer brands.

Business model

Settle combines a subscription software business with a lending/financing business. Software plans are flat-rate: a free Launch tier with core inventory features and integrations, and an Accelerate tier 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. Working capital is provided against payables and purchasing data rather than in exchange for equity.

Flat monthly software subscriptions (free Launch plan; Accelerate at $199/month, no transaction or per-seat fees) plus working capital financing extended to brands.

Traction

The company reports more than $3 billion in funding provided to brands since 2019, $6 billion in total payments processed, $3.4 billion in total payment volume on its About page, and 550% average one-year supported revenue growth calculated across 417 customers. A third-party profile states Settle surpassed 500 customers as of November 2021 and had grown revenue 20x over the prior year at that point. A customer case study cites 150+ hours saved per year, 30 two-way matches per week and 600 SKUs maintained at Branch.

Latest developments

The company markets working capital lines of $20,000 to $15 million with approvals in days, a free Launch plan alongside a $199/month Accelerate plan, and integrations with Shopify, QuickBooks Online, Finaloop and NetSuite.