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# Tel-Aviv startup Balance raises $56 million in Series B funding
- URL: https://www.techloy.com/tel-aviv-startup-balance-raises-56-million-series-b-funding/
- Published: 2022-07-29T19:51:00.000Z
- Updated: 2022-12-07T22:31:51.000Z
- Author: Techloy
- Tags: / Fintech, Tech in the Middle East, Israel

[Balance](https://www.getbalance.com/), a startup from Israel that makes payments and checkout software for business-to-business marketplaces, has raised $56 million in Series B funding, bringing its valuation to $356 million.

- Co-founded by former PayPal employees Bar Geron and Yoni Shuster, Balance provides one-click payment tools to B2B e-commerce merchants and marketplaces to make payments seamless.
- The startup plans to use its new funding to expand its presence in North America and potentially move into new regions.
- Balance last raised $25 million in a Series A round led by Ribbit Capital, and with its latest funding, it has now raised $87 million in total funding to date.
- The latest round was led by Forerunner Ventures, with Salesforce Ventures, Hubspot Ventures, Lyra Ventures, and Gramercy Ventures also contributing.