New York, October 30 (PRNewswire) — Settle, a leading provider of inventory financing for consumer goods and e-commerce brands, today announced a forward-flow agreement with the structured credit platform 3Jane. The financing arrangement provides an initial commitment of $50 million, with an option to expand to $100 million. 3Jane has already purchased $18 million of Settle’s existing loans and will continue to purchase eligible new loans on an ongoing basis.
Settle stated that the company has provided over $4 billion in financing to thousands of consumer goods and e-commerce brands. The loans fund inventory purchases and supplier invoices: Settle pays suppliers upfront, and brands repay through extended payment terms or installment plans. As loans are sold, forward flow frees up capital for new lending, expanding Settle’s lending capacity.
Alek Koenig, Founder and CEO of Settle, said: “Our customers need to pay for their inventory before they can sell. Our forward flow partnership with 3Jane enables us to finance this working capital gap at scale with higher capital efficiency.”
3Jane provides funding to fintech lenders through blockchain-powered circular, layered channels. This model aims to deliver economic effects similar to private, unrated securitization without requiring each originating institution to establish costly standalone programs.
Jacob Chudnovsky, CEO of 3Jane, said: “Settle has built a lending business serving thousands of consumer brands. 3Jane uses stablecoin liquidity to finance these loans, with a structure designed to reduce Settle’s financing costs.”
About Settle
Settle is a cash flow and working capital platform built for product-based businesses. Its integrated suite of products includes bill payments, accounts payable automation, invoice tracking, and flexible working capital financing, helping brands manage payables and access the funding needed for business growth. Settle has facilitated over $4 billion in financing and has helped thousands of businesses across the U.S. unlock the capital needed to expand. Investors in Settle include Ribbit Capital, Kleiner Perkins, Caffeinated Capital, Stripes, Founders Fund, SciFi Ventures, Citi Ventures, and Activant Capital. For more information, visit settle.com.
About 3Jane
3Jane is a crypto-native structured credit platform. By leveraging circular, layered channels operating on-chain, 3Jane provides fintech originators with warehouse financing, participation financing, and access to forward-flow programs through its USD3 and sUSD3 yield products. 3Jane’s investors include Paradigm, Wintermute, and Coinbase Ventures.
Media contact
Settle Communications
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