Behalf: Announced $19 million in new venture financing

Behalf: Announced $19 million in new venture financing

• Behalf is an alternative financing provider on a mission to increase sales and improve cash flow for both merchants and their business customers
• Provider of In-Purchase Financing solutions for B2B sellers and buyers announced $19 million in new venture financing
• The round led by existing investors MissionOG, Viola Growth, Viola Credit, and Vintage Investment Partners
• New investors Migdal Insurance and La Maison Partners also participating in the round
• Announced the creation of a new debt facility totaling up to $100 million, provided by funds managed by Ares Management Corporation
• The capital raised enable to expand the availability of In-Purchase Financing to a broader array of B2B merchants