Alek Koenig

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