Settle, an inventory financing provider for consumer and ecommerce brands, has agreed a forward-flow arrangement with structured credit platform 3Jane that could unlock up to $100m in capital, a deal that puts stablecoin liquidity behind mainstream merchant lending.

Under the deal, 3Jane will commit $50m of capacity at the outset, and that figure can grow to $100m. 3Jane has already bought $18m of loans from Settle’s existing book and will keep acquiring qualifying new loans as Settle writes them.

The arrangement matters because of how it recycles capital. Each time Settle sells loans to 3Jane, it releases funds that can go straight into new originations. This lets Settle lend more without having to carry every loan on its own balance sheet.

Settle’s model fills the gap between paying for stock and selling it. The company settles supplier invoices and inventory bills on behalf of brands at the point of purchase. Brands then pay Settle back over time, either through longer payment windows or a set schedule of instalments. To date, Settle has deployed more than $4bn across thousands of consumer and ecommerce businesses.

3Jane channels capital to FinTech lenders through a conduit that is revolving, divided into tranches and built on blockchain infrastructure. Its pitch is that originators can access the economics of a private, unrated securitisation without each one having to build and pay for its own dedicated programme, a cost that often puts such structures beyond the reach of smaller lenders.

Settle CEO and founder Alek Koenig said, “Our customers need to pay for inventory before they can sell it.

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