Finance:Behalf
Behalf [1] offered short-term financing with flexible repayment terms to U.S.-based small businesses, ranging between $300-$50,000.
Behalf pays vendors directly, on behalf of the small business, for the purchase of goods or services. Behalf has headquarters in New York.
Behalf officially ceased to operate on 01.2023.[2]
History
Behalf was founded in 2011 by Benjy Feinberg, Shai Feinberg, and Jeremy Esekow.
In January 2015, Behalf announced a partnership with MasterCard and Comdata.[3] This partnership enables small business financing with almost any vendor that accepts MasterCard.[4]
In July 2015, Behalf raised $119 million from Mission OG, Sequoia Capital, Spark Capital, Maverick Ventures, and Victory Park Capital.[5]
As of February 2016, the Better Business Bureau rates Behalf as A+.[6]
Behalf officially ceased to operate on 01.2023.[2]
References
- ↑ "Home". http://www.behalf.com/.
- ↑ 2.0 2.1 "Behalf" (in en). https://finder.startupnationcentral.org/company_page/behalf.
- ↑ "Challenged by Upstarts, Lenders Try New Strategy: Cooperation". 8 January 2015. https://dealbook.nytimes.com/2015/01/07/challenged-by-upstarts-lenders-try-new-strategy-cooperation/?_r=0.
- ↑ "Comdata, Behalf and MasterCard enter strategic alliance". http://www.thepaypers.com/online-payments/comdata-behalf-and-mastercard-enter-strategic-alliance/758075-3.
- ↑ Chernova, Yuliya (29 July 2015). "Behalf Lands Credit, Equity as Funding for Lending Startups Hits Record". Wall Street Journal. https://blogs.wsj.com/venturecapital/2015/07/29/behalf-lands-credit-equity-as-funding-for-lending-startups-hits-record/.
- ↑ "Behalf Inc in New York". BBC. http://www.bbb.org/new-york-city/business-reviews/financial-services/behalf-inc-in-new-york-ny-136729/.
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