Resolve

United States - San Francisco, California

• 09/12/2021
• Series A
• $25,000,000

Resolve at its core improves traditional and cumbersome b2b payments. We facilitate deferred payments between businesses, but in a way that benefits both businesses. Resolve currently works with US-based manufacturers, wholesalers, and distributors.

Deferred payments are commonly referred to as ‘net terms’, it describes a payment delay of 30, 60, or 90 days that has come to be expected by business customers. The issue for the business seller is that they are required to act like a bank. They need to give short-term credit to their customers and ‘float’ these net terms invoice payments. Resolve takes care of every aspect of a business being able to offer net terms as a payment option; We solve for the credit checking process, provide invoice financing, automate accounts receivable processes, and speed up payments processing.

Resolve enables simpler b2b deferred payments through our end-to-end and embedded ‘credit billing’ solution. Resolve automates and streamlines all of the tasks associated with offering net terms. The result is easier net terms all while improving our customer’s cash flow, reducing their financial risk, reducing AR resource requirements, and increasing their b2b sales.

Affirm and Resolve share their founding history in Max Levchin. Max was previously co-founder and CTO at PayPal and founded Affirm in 2012. Resolve was developed in Max’s San Francisco based venture studio, HVF, by co-founders Chris Tsai and Brian Nguyen. Resolve’s co-founders Chris & Brian had previously worked together on a successful fintech startup that was acquired by Indiegogo. Having both worked closely with Affirm, the pair saw an opportunity in the ‘buy now, pay later’ space - but with a focus on b2b. Chris & Brian are Y Combinator alums, were Wharton MBA classmates, and hold technical degrees from MIT and Stanford between them.

Related People

Chris TsaiCo Founder

United States - San Francisco, California,

Fintech founder. Husband and dad.

I’m CEO at Resolve, a spinout of Affirm. We help businesses grow faster with modern B2B payments & net terms. We love solving workflow and cash flow problems for our customers, which gives them control over their B2B payment experience and fuels their growth. We do that by making net terms simple, embedded, and relational.

Prior to Resolve, I co-founded Celery, a pre-order payments platform backed by Y Combinator, General Catalyst and acquired by Indiegogo. Max Levchin (Paypal, Affirm founder) also invested in Celery, an early platform partner to Affirm. My partnership with Max & Affirm’s founding team along with my experiencing the visceral pain of B2B transactions led me to start Resolve as the “B2B Affirm”.

I am passionate about building and scaling companies. Through my journey of founding two payments businesses, I’ve come to a profound appreciation for the craft of payment & financial infrastructure. There’s a poetry to B2B businesses, B2B payments, and embedded finance in e-commerce. Together they create the optimal conditions for business growth and human flourishing. I believe at its core, commerce is communion between people.

Outside of Resolve, I spend my energy working on the perfect delivery of a dad joke, debating which science fiction franchise is best (Star Wars v Star Trek), and enjoying long distance runs around the beautiful Bay Area.

LinkedIn https://www.linkedin.com/in/cktsai/