Having raised $65million in a strategic round with support from JP Morgan in July 2024, bringing its total funding to $252million, Slope has announced its next major achievement as it partners with Checkout.com to enhance its payment performance for US enterprise merchants.
B2B financing platform Slope, was born out of a need to solve the cash flow problem many firms experienced during the COVID-19 pandemic. It provides short-term financing and simple payment options for the B2B sector.
Slope offers two key payment solutions for B2B customers: ‘Pay Later’ (net terms or installments) and ‘Pay Now’ (ACH and credit card acceptance). By empowering B2B businesses with the option to accept payment via terms, Slope is preserving their customers’ working capital. All the while, it is allowing those businesses to continue best serving their end customers.
The financing platform selected payments services provider, Checkout.com as its strategic partner to utilise its payment infrastructure. This will help it tackle cash flow management issues and streamline operations.
Working with Checkout.com
Given the two firms share a mission of empowering merchants with superior payment solutions, the partnership is set to be a success. In fact, evidence of this can already be seen.
Areas of collaboration include:
optimising interchange costs through data field enhancements
evaluating payment data to improve performance,
improving reconciliation and cash management with Slope’s warehouse lending facilities
Checkout.com’s service model ensures strategic support, with the right expertise and resources to drive long-term success for the merchants they serve.
Jim Cho, VP of revenue growth at Checkout.com
Jim Cho, VP of revenue growth at Checkout.com in North America comments: “We are excited to partner with Slope in empowering merchants with advanced payment solutions. This collaboration reinforces Checkout.com’s commitment to providing scalable and efficient payment processing capabilities. By integrating Slope’s innovative financing options with our robust acquiring platform, we empower merchants to optimise cash flow and drive growth in the digital economy.
“Fast-moving enterprise businesses require more than standard, off-the-shelf solutions. They need a payments provider that offers customisable payment options to meet their unique needs and the support of experts to navigate the complexities of the markets they operate in. Slope shares our vision for empowering enterprise businesses to thrive in the digital economy with tailored, enterprise-focused payment solutions that drive improved performance.”
Alice Deng, CPO and co-founder at Slope
Alice Deng, CPO and co-founder at Slope adds: “Checkout.com stood out because they put in the effort to build a long-term relationship and foundation to grow with us. We appreciate their investment in the payments innovation community and are excited to serve the largest enterprises together. There’s a human element to their support in a highly technical space. Payments are our life and Checkout.com gets payments.”
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