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
[edit]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
[edit]- ^ "Home". behalf.com.
- ^ a b "Behalf". finder.startupnationcentral.org. Retrieved 2023-10-15.
- ^ "Challenged by Upstarts, Lenders Try New Strategy: Cooperation". 8 January 2015.
- ^ "Comdata, Behalf and MasterCard enter strategic alliance".
- ^ Chernova, Yuliya (29 July 2015). "Behalf Lands Credit, Equity as Funding for Lending Startups Hits Record". Wall Street Journal.
- ^ "Behalf Inc in New York". BBC. Archived from the original on 2015-12-13. Retrieved 2015-12-13.
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