Case Study: Thread Wallets grows national wholesale 158% with Settle

Thread Wallets grows national wholesale 158% with Settle

Thread Wallets, a profitable and independently scaled consumer goods brand, faced a cash flow crisis when their financial partner pulled their line of credit. This occurred just before peak season and as their wholesale partners were extending payment terms to Net 60, severely restricting their working capital. Their accounting firm, Ledger Gurus, recommended they use Settle for working capital and purchase order funding.

Settle provided the capital needed for Thread Wallets to fund inventory purchases ahead of looming tariffs and seasonal peaks without giving up equity. This solution allowed them to onboard major new wholesale partners and fuel new product launches. As a result, Thread Wallets grew its national wholesale accounts by 158% and achieved a 28% year-over-year increase in direct-to-consumer revenue. The company was so pleased that they replaced their existing accounts payable tool with Settle's platform.

Thread Wallets