The company intends to use the funds to increase investment in sales, business development and marketing, and support continued product innovation. Led by Benjy Feinberg, CEO, Behalf is a commercial payment platform specializing in providing small businesses instant point of sale terms at vendors of their choice. The solution provides instant point of sale financing for purchases up to $50k, pays merchants directly within 1 business day, then allows customers to create a flexible payment schedule on each individual transaction. Customers can use their purchasing line throughout Behalf’s network of integrated partners, as well as at MasterCard accepting businesses.

http://news.fintech.io/post/102dmkk/behalf-raises-27m-in-series-c-financing