Aria, a Paris, France-based embedded invoice financing provider, raised €50 million debt funding round from M&G Investments, a global investment manager.
The company will use the investment to improve its financial capacity while accelerating the development of its business through the design and launch of new products. Aria also aims to hire 15 new people as part of its team in order to develop its presence in Europe as well.
Aria will leverage the funds into its process of financing the invoices of freelancers and SMEs. The new set of services will focus on giving customers, freelancers, and small and medium companies the possibility to be paid instantly and directly while using the products they leverage on daily basis.
Aria’s invoice financing solution uses API to integrate into companies’ products without the need for specific developments or changes to it.
Throughout offering its solutions via APIs, the company also offers this opportunity to vendors through payment loans when it comes to payable invoices. The short-term loans provided by the fintech can have multiple repayment terms, such as 30, 45, or 60 days.
Company: ARIA
Raised: €50.0M
Round: Debt Funding
Funding Month: March 2023
Lead Investors: M&G Investments
Additional Investors:
Company Website: https://helloaria.eu/
Software Category: Financing Solution
About the Company: Aria was created to help businesses process payments instantly while buying the time they need to release the cash from their account. The company provides businesses with Payment-terms-as-a-Service. Aria’s invoice financing solution uses API to integrate into companies’ products without the need for specific developments or changes. Its lending solution lets marketplaces and vertical SaaS embed instant advance payments into their products. The company is on a mission to help businesses own their payment terms and grow with healthier financials.
Source: https://fintech.global/2023/03/09/france-based-invoice-financing-startup-aria-nets-e50m/