As part of Visa’s investment in Behalf, Visa will offer Behalf’s small-business clients a tokenized Visa Virtual Card, a credit-based payment solution that gives businesses instant financing for their business purchases. The Visa Virtual Card will initially be offered in
This partnership supports Visa’s global strategy to extend its products and capabilities to small businesses through collaborations with start-ups and FinTechs that help redefine and enhance the payments experience. It is also part of Visa’s commitment to invest up to
"Behalf has demonstrated a commitment to expanding the purchasing power of small businesses by using digital payments to offer faster, more convenient and secure experiences," said
"The Behalf platform offers affordable, on-demand purchase financing. Our network of B2B merchants can fit Behalf seamlessly into their eCommerce flow, receive payment immediately and provide their business customers with more buying power and flexible payment options at checkout," said
Behalf is the first investment made by Visa in an Israeli company. It follows the Spring 2018 launch of the
For an additional look into how small businesses are operating in today’s era of digital commerce, Visa and a consortium of key industry organizations recently released Digital Transformations of SMBs: The Future of Commerce, a first-of-its-kind look at the opportunities and challenges small and medium size business (SMBs) owners face in an increasingly digital world.
Founded in 2012, Behalf is a financing provider that facilitates commerce between business to business merchants and their business customers. Driven by data and technology, Behalf allows merchant partners to offer business customers instant credit and flexible payment terms at the point of sale. Once qualified, Behalf customers can use their credit facility to fund purchases with virtually any merchant.
Behalf has offices in
This article contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among other things, Visa’s future operations, prospects, developments, strategies, business growth. Forward-looking statements generally are identified by words such as "believes," "estimates," "expects," "intends," "may," "projects," “could," "should," "will," "continue" and other similar expressions. All statements other than statements of historical fact could be forward-looking statements, which speak only as of the date they are made, are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond our control and are difficult to predict. We describe risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, any of these forward-looking statements in our filings with the
Visa Inc. Media Relations
Rica Squires (Europe), +442072971179
Aida Hadzibegovic (US), +1-415-805-4242
Visa Inc. Investor Relations
Mike Milotich, +1-650-432-7644