Settle, a provider of cashflow management software for e-commerce merchants, raises a $280M line of credit from investors including Citibank. Settle competitors are Stampli, Tesorio, Tipalti, Trovata, and 8fig.

Settle plans to expand its offering for emerging and high-growth e-commerce organizations. Here are the top-line bullets you need to know.

Settle, a cashflow management startup, has raised a $280M line of credit from Citibank and Atalaya Capital Management.

California-based Settle offers accounts payable, bill pay, and working capital solutions for e-commerce merchants.
The company caters to hundreds of brands, including Branch, Huron, Jambys, Caraway, and Bare & Bones.
Settle has an office in San Francisco.

Source: Settle

The global cashflow management market is expected to reach a value of $1.2B by 2025, growing at a CAGR of 25.9%, according to Markets and Markets.
Advancements in artificial intelligence and machine learning technologies as well as their increased adoption in the financial industry have contributed to growth in this market.
Organizations are increasingly turning to solutions in this space in order to enhance their budgeting and planning cycles.