← State of Embedded Finance 2026

Balance

Can a single embedded finance layer own all B2B buyer financing — net terms, BNPL, and invoice credit — for online commerce and marketplaces?

HQNew York, NY (inferred from context; not directly confirmed in evidence)
IndustryInfrastructure / Payments
The story

Balance launched as financial infrastructure for B2B commerce, enabling merchants and marketplaces to offer net terms and invoicing to business buyers without managing credit risk or accounts receivable themselves. The company has expanded from basic payment acceptance into a full B2B embedded finance stack — combining B2B BNPL, digital trade credit, and invoice financing. The partnership with Mirakl signals a move to serve large enterprise marketplaces alongside mid-market e-commerce. Balance's embedded lending orientation (via Lendica partnership) positions it as an orchestration layer for B2B buyer financing rather than a balance-sheet lender.

Last 12 months
2023-01
Product timeline
2021
Balance launched as B2B payments and trade credit infrastructure for online merchants and marketplaces.· payments
2023
Partnered with Mirakl to power B2B payment experiences for enterprise marketplaces.· payments
2024
Launched B2B BNPL product offering instant financing at checkout for B2B buyers.· lending
2025
Expanded Digital Trade Credit (Pay by Invoice / Net Terms) product with built-in credit and AR management.· lending
The stack
Lending
B2B BNPLDigital Trade CreditPay by Invoice / Net TermsInvoice FinancingWorking Capital (via Lendica PayLater)
Accounting gap: none