On September 18, 2024, Checkout.com, a well-known international supplier of digital payments, and Slope, a B2B financing platform, established a strategic alliance with the goal of improving payment performance for enterprise merchants in the United States. Slope has two main ways to pay: "Pay Now," which accepts credit cards and ACH, and "Pay Later," which includes net terms and installments. This collaboration aims to protect B2B companies' operating capital while letting them provide effective customer service. Slope was founded in response to the COVID-19 pandemic's cash flow problems, and it has since concentrated on offering dependable finance choices to businesses in the B2B market.
The collaboration between Checkout.com and Slope combines Checkout.com’s global acquiring and processing capabilities with Slope’s innovative financing options, creating a comprehensive payment solution tailored for enterprise needs. Jim Cho, VP of Revenue Growth at Checkout.com, emphasized the partnership’s potential to “optimize cash flow and drive growth in the digital economy.” Furthermore, Slope recently secured $65 million in funding from J.P. Morgan, bringing its total funding to $252 million. This investment will facilitate Slope's expansion of its order-to-cash automation platform, including advancements in AI-driven checkout and payment reconciliation, further solidifying the partnership's objectives.
