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About Slope
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Seed
Total Funding
$91.9M
Headquarters
San Francisco, California
Founded
2021
Overview
Slope provides Buy Now, Pay Later (BNPL) solutions designed for business-to-business (B2B) transactions, focusing on small to medium-sized enterprises (SMEs). Their service allows these businesses to manage their working capital more effectively by offering flexible payment options. When a transaction occurs, Slope charges a 6% merchant fee and pays the merchant immediately after goods are shipped or services are delivered. This process reduces the risk of bad debt and eliminates the need for sellers to handle payment collections, allowing them to concentrate on growth. Slope differentiates itself from competitors by specifically targeting the B2B market and simplifying access to capital for businesses, helping them scale without the usual financial pressures.
Simplify's Take
What believers are saying
- Slope raised $65M to scale operations, indicating strong investor confidence.
- Partnership with J.P. Morgan enhances credibility and market reach for Slope.
- The B2B BNPL market is projected to reach $1 trillion by 2025, offering growth potential.
What critics are saying
- Increased competition from financial institutions entering the B2B BNPL space.
- Potential regulatory scrutiny on BNPL services could impact Slope's operations.
- Rapid scaling could lead to operational inefficiencies or service quality challenges.
What makes Slope unique
- Slope offers BNPL solutions specifically for B2B transactions, unlike most competitors.
- The company eliminates bad debt risk by paying merchants once goods are shipped.
- Slope's AI-driven underwriting platform, SlopeAI, enhances risk assessment and approval speed.
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Funding
Total Funding
$91.9M
Above
Industry Average
Funded Over
4 Rounds
Y Combinator
Tiger GlobalGrowth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↓ -4%Slope, an AI-based B2B payments company, raised $65 million in a new funding round, bringing its total funding to $252 million ($77 million in equity and $175 million in debt). The funds will be used to scale operations. J.P. Morgan Payments, Y Combinator, and Saga participated in the round. Slope will join the J.P. Morgan Payments Partner Network and launch SlopeAI, an AI underwriting platform for financial institutions and wholesalers.
Slope, a San Francisco, CA-based provider of a B2B payments platform, raised $65M in funding
Slope, a San Francisco-based B2B payments platform provider, raised $65 million in funding. The round was led by J.P. Morgan Payments, with participation from Y Combinator, Jack Altman, and Max Altman’s Saga fund. J.P. Morgan will also provide a debt facility. The funds will be used to scale operations. Slope will join the J.P. Morgan Payments Partner Network to enhance end-to-end payment experiences.
JP Morgan is making an equity investment in, and providing a debt facility to, AI-led business-to-business payments platform Slope.
Slope's customer pipeline has evolved into enterprise. As a result, both volume and company revenue have increased 17x since last year.
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About Slope
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Seed
Total Funding
$91.9M
Headquarters
San Francisco, California
Founded
2021
Slope is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today