The option to defer payment or secure favorable credit terms at checkout has effectively become standard practice in retail, on par with other alternative payment methods. That model is now steadily gaining traction in the B2B sector, driving consistent demand from BNPL providers focused on business clients.
What Sets B2C and B2B Apart in BNPL
Buy Now, Pay Later, or BNPL, is a financing model in which the buyer receives a product or service immediately and pays for it later, either in full or in installments, while the merchant is paid almost instantly by a financial provider.
In the consumer, or B2C, segment, BNPL targets individual customers, relatively small ticket sizes, and short repayment terms. In the business-to-business, or B2B, segment, the model applies to transactions between companies. It typically involves larger ticket sizes, payment terms ranging from 30 to 90 days or longer, and a more sophisticated credit risk assessment framework based on a company’s financial metrics.
Top 5 Global B2B BNPL Providers
Driven by user convenience, BNPL is rapidly emerging as a meaningful segment of embedded finance and digital trade credit. The total volume of payments processed through BNPL services increased from $2.2 billion in 2014 to $342 billion in 2024.
Consumer transactions still account for the bulk of the market. According to Juniper Research, B2B BNPL transactions totaled $14 billion in 2023. Analysts projected 106% growth in that segment and forecast that the overall BNPL market would reach $687 billion by 2028.
Demand from business clients is fueled by the need for flexible, digitally driven financing solutions. Juniper Research notes that offering BNPL can increase conversion rates for B2B merchants by up to 40%. At the same time, companies are seeking alternatives to traditional trade credit to better manage cash flow, further supporting the sector’s expansion.
CP Media reviewed a number of companies that can be considered leaders in the B2B BNPL segment. The list below isn’t ranked by any specific metric and is provided for informational purposes only.
TreviPay
TreviPay is one of the most established players in the deferred B2B payments market, developing specialized infrastructure for invoice-based payments and trade credit. The company has been operating for more than 40 years and provides services across 32 countries and 19 currencies, connecting 90,000 active buyers with 80,000 merchant locations worldwide. TreviPay offers business credit lines ranging from $5,000 to $20 million and has processed approximately $6 billion in total transaction volume.
In 2022, TreviPay announced the launch of specialized networks tailored to different business segments:
- Private Network is designed for large enterprises seeking a branded, closed-loop trade credit system.
- TreviPay Network targets mid-sized businesses that need to offer instant trade credit and invoicing to corporate buyers, but don’t require a branded solution.
- Small Business Supplier Network serves small businesses, with services delivered through partner banks.
The model enables merchants to offer invoice-based payments with Net 30/60/90 Terms, while guaranteeing settlement to the seller and automating A/R and A/P processes. According to figures cited in the company’s press release, 15% of B2B buyers increase their purchasing volume when trade credit is available, and 82% are willing to choose a supplier that offers invoice payment terms of 30 to 90 days.
Kriya
UK-based fintech company Kriya has been operating in embedded finance and SME lending since 2011. The company ranks among the leaders by disclosed cumulative volume of deferred B2B payments processed, totaling £28 billion between 2011 and 2024 from buyers in more than 45 countries. In addition, Kriya has processed over £4 billion in invoice financing, business loans, and embedded finance solutions.
In September 2024, Kriya became the first B2B BNPL solution available on the Stripe platform in the UK, enabling merchants to offer deferred payment options without additional development. Buyers can select 30-day payment terms and receive an instant spending limit at checkout, while the merchant is paid immediately upon delivery. The solution is already used by corporate clients and integrated into online sales workflows.
In 2025, Kriya was fully acquired by Allica Bank, one of the UK’s fastest-growing banks. The bank plans to deploy £1 billion in working capital financing for SMEs over 3 years, expanding its embedded deferred payment and digital trade credit offerings.
Billie
Berlin-based fintech company Billie develops invoice-based deferred payment solutions for businesses and ranks among the largest B2B BNPL providers in Europe. According to the company, by mid-2024, more than 500,000 unique business customers had completed purchases through Billie, with the service available across more than 3,500 online stores and marketplaces.
In July 2024, Billie became the first B2B BNPL solution in the EU to integrate with Stripe’s infrastructure. This enabled companies operating on the platform to offer corporate clients invoice-based payments with terms of up to 30 days as part of the standard checkout process. Billie provides instant buyer approval, assumes full credit and fraud risk, and manages accounts receivable, while guaranteeing payment to the merchant immediately after shipment.
Billie’s model is built around digital commerce. The company delivers real-time buyer approval at checkout and positions deferred payment as a tool to increase conversion rates and average order value in B2B sales. Outside Germany, the service is distributed through partner platforms including Adyen, Klarna, and Mollie, expanding its reach across the eurozone’s online payments ecosystem.
Balance
New York-based Balance is building a full-scale online checkout for B2B commerce, supporting multiple payment methods and flexible deferred payment terms. Founded in 2020 by former PayPal executives, the platform aims to digitize traditionally offline industries, from metals and chemicals to wholesale distribution and restaurant supply, bringing the purchasing experience closer to the convenience of B2C transactions.
Since its launch in 2021, Balance has onboarded hundreds of B2B merchants and marketplaces, expanding its customer base 10-fold. According to the company, it now works with more than 300 merchants and partner platforms, including Notch, Bryzos, Vallourec, and others. The platform enables sellers to process multiple payment methods, offer Net Terms, and receive funds upfront, while buyers settle invoices at a later date.
Balance positions itself as a response to the structural digitalization gap in B2B payments. Of the roughly $120 trillion in annual B2B transaction volume, only about 7% is conducted online. The company is building infrastructure that integrates payments and financing within a single interface, reducing friction in the purchasing process and increasing conversion rates in B2B e-commerce.
Resolve
Resolve is a San Francisco-based provider of B2B Net Terms and embedded BNPL, combining invoice payments, credit scoring, and liquidity management within a unified infrastructure for corporate commerce. The platform enables merchants to offer deferred payment and installment options directly within online and offline sales flows, while accelerating cash collection and reducing credit risk.
According to the company, more than 12,000 businesses use Resolve’s services. It reports that implementing BNPL solutions can deliver the following results:
- Revenue growth of up to 400%
- A 1.5x increase in average order value
- A doubling of purchasing power
- A 50% increase in repeat customer rates
Resolve conducts real-time buyer assessments and can advance up to 90% of the invoice amount to the seller within 24 hours. Under its Advance Pay program, it can fund up to 100% of the invoice value. The platform also automates accounts receivable management, syncs with accounting systems, and uses proprietary data models to dynamically determine credit limits. As a result, Resolve offers more than deferred payments. It delivers a comprehensive system for managing B2B sales and credit risk, embedded directly into the checkout process.
It’s important to note that dozens of companies operate in the B2B BNPL space. In preparing this overview, we also reviewed solutions from Hokodo, Capchase Pay, Two, OatFi, Credit Key, BlueTape, Mondu, iwocaPay, Opyn, and many others offering similar services. However, this review includes only companies that publicly disclose key metrics and data points, including transaction volumes, client numbers, geographic footprint, and other indicators that allow for an objective assessment of scale.
Although B2B BNPL still trails the consumer segment in overall volume, growth momentum, and rising business adoption point to the emergence of a distinct and sustainable market. Embedding deferred payment options into digital sales channels is gradually reshaping the structure of B2B commerce, making it more flexible and more focused on liquidity management. In the coming years, the integration of financing into payment infrastructure is likely to become a critical competitive advantage for merchants.
