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Alek Koenig

CEO & Founder at Settle, based in San Francisco, California

Alek Koenig, CEO & Founder of Settle

Alek Koenig is the CEO and Founder of Settle, a cash flow management platform built for growing eCommerce businesses. He founded the company in November 2019 after identifying a major gap in the market for better solutions to bill pay, credit, and related services for consumer brands.12

Prior to starting Settle, Koenig spent six years at Capital One in risk management and consumer lending roles. He then worked at Affirm as Head of Credit and Director of Strategic Partnerships, giving him a front row seat to businesses looking for improved financial solutions.13

Koenig graduated from The Johns Hopkins University with a degree in Mechanical Engineering & Mathematics. He recruited a prior co-worker, Shane Moriah, to join as Settle's CTO shortly after founding the company.1

Since launching in June 2020, Settle has grown rapidly by word-of-mouth, with hundreds of brands including Dagne Dover, Lalo, Starface, and Branch using the platform to manage invoices, purchase orders, pay bills, and access working capital.12 The company has raised $60 million in Series B funding from investors like Activant Capital, Ribbit Capital, Kleiner Perkins, and Stripes.2

Koenig has built a team of talented engineers, many of whom he recruited from Ukraine early on. Despite the challenges of the pandemic and the war in Ukraine, Settle has scaled to over 500 brands and is continuing to grow rapidly.145

Highlights

Apr 11 · PYMNTS.com
Settle CEO Says GenAI Expedites Cash Flow Management - PYMNTS.com
Settle CEO Says GenAI Expedites Cash Flow Management - PYMNTS.com
Mar 27 · PYMNTS.com
Settle Launches Automatic 3-Way Matching for Purchase Orders - PYMNTS.com
Settle Launches Automatic 3-Way Matching for Purchase Orders - PYMNTS.com
Sep 28 · youtube.com
Fintech One-on-One: Alek Koenig of Settle - YouTube
Fintech One-on-One: Alek Koenig of Settle - YouTube
Aug 4 · superangel.blog
Founder Friday: Alek Koenig, Founder & CEO of Settle
Founder Friday: Alek Koenig, Founder & CEO of Settle
Jul 1 · fintechnexus.com
Fintech One-on-One: Alek Koenig of Settle

Related Questions

What inspired Alek Koenig to transition from finance to founding Settle?
How did Alek Koenig's experience at Affirm influence the development of Settle?
What are some challenges Alek Koenig faced when starting Settle?
How does Settle's platform differ from traditional bill pay solutions?
What are some success stories of brands using Settle?
Alek Koenig
Alek Koenig, photo 1
Alek Koenig, photo 2
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Experience

CEO & Founder at Settle since November 2019
Director, Strategic Partnerships at Affirm, Inc. (Jan 2019 - Aug 2019), Head of Credit at Affirm, Inc. (Aug 2015 - Dec 2018), Analytics Director at Privlo (May 2014 - Jul 2015), Business Manager & Sr. Business Analyst roles at Capital One (Apr 2012 - Apr 2014)

Education

Bachelor of Science (B.S.) in Mechanical Engineering, Mathematics from The Johns Hopkins University (2004 - 2008)

Location

San Francisco, California, United States