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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
Want to work with some of the best engineers, designers, and product people? We're growing 100% y/y and expanding into some very interesting products in our bid to take over the world. Come join us!
Software Engineer, Mid (https://lnkd.in/gwYrAAHB) Software Engineer, Senior (https://lnkd.in/gzBfxFbK)
If you know someone who might be interested, let me know!
64% of brands are planning to add at least one new sales channel in 2024. However, managing fulfillment and supply chain complexities remains a challenge as they expand. That's why Settle is partnering with ShipBob for Omnichannel Unpacked to discuss everything you need to know for your next sales channel launch.
Join our Head of Sales, Christopher Dittmer, and Achal Patel, CEO and Co-Founder of Cabinet Health, for a virtual session on "Unlocking Omnichannel Success: Financing, Forecasting, Operations."
Tune in live on Wednesday, June 5, at 8am PT / 11am ET. Save your spot: https://hubs.la/Q02w3Bwq0

