Slope, a San Francisco, CA-based provider of a B2B payments platform, raised $65M in funding.
The round was led by J.P. Morgan Payments, with participation from Y Combinator, Jack Altman, and Max Altman’s new fund, Saga. As part of the funding, J.P. Morgan will also provide a debt facility.
The company intends to use the funds to scale operations.
Led by CEO Lawrence Lin Murata, Slope provides a B2B payments platform for enterprise companies, offering order-to-cash automation using AI tools that power checkout, customer and vendor risk assessment, embedded short-term financing, and payment reconciliation. It uses generative AI to empower B2B checkout, customer and vendor risk assessment, payment reconciliation, and cash management, driving digital transformation.
Slope will join the J.P. Morgan Payments Partner Network, which delivers end-to-end payment experiences through an ecosystem of third-party applications that can grow businesses faster.
FinSMEs
17/07/2024