OatFi Raises $8M in Seed Funding

OatFi, a New York-based corporate that gives running capital infrastructure for B2B bills platforms, raised $8m in Seed investment.

The spherical, which brings the whole investment to $11.25m, was once led by means of QED Traders with participation from Portage Ventures, Picus Capital, Cambrian Ventures, Fin VC, Sprint Fund, Lorimer Ventures, and Ziv Paz.

Moreover, OatFi has raised a $50m credit score facility from Architect Capital.

The corporate intends to make use of the budget to boost up expansion and extend operations.

Based by means of Mike Barbosa and John Jordan in 2021, OatFi supplies the end-to-end infrastructure for B2B fee platforms to release embedded running capital equipment corresponding to purchase now pay later (BNPL) or more than a few receivables financing merchandise. Via OatFi, platforms can configure their very own UX that embeds inside of their current platform by means of necessarily construction their very own ‘BNPL’ or receivables financing resolution, with out launching a credit score industry.

It integrates with invoice pay and invoicing, bills infrastructure and spend control platforms to permit the release of cashflow equipment.

FinSMEs

11/10/2022

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