We noticed how large companies were extending their payment terms to 60, 90, 120 and even 150 days. A lot of our friends at startups were complaining about these payment terms, and how the current options to get paid earlier were complicated, tedious and outdated. We thought that there was a better and easier way, so we launched VendorTerm. We provide startups with a new alternative to venture capital and debt financing. Startups can finally use their AR and invoices to grow faster, and without any equity dilution.
