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France-based fintech Aria raises EUR 15 mln

Tuesday 12 December 2023 13:28 CET | News

Aria, a payments and credit fintech platform, has raised USD 15 million in funding, in a round led by 13books Capital. 

 

According to the official announcement, other companies such as Adevinta Ventures, Otium Capital, Ankaa Ventures participated in the funding, alongside individual investors, including Laurent Ritter, Mark Ransford, and Guillaume Princen.

Aria, a payments and credit fintech platform, has raised USD 15 million in funding, in a round led by 13books Capital.

 

Aria specialises in B2B payments, providing a credit option to speed up the payments. The company states that B2B payments are a USD 120 trillion market globally but a mere 7% is currently handled online. Officials from the fintech stated that they have solved a big problem for smaller firms, such as freelancers.  

Most online business purchases take place with credit, while many payment offerings remain offline. This is due to the process being challenging, often involving offline quotes and invoices, multiple phone calls and emails, and long payment delays. Aria intends to manage all this complexity behind a slick checkout experience and makes offering flexible payments methods and terms as easy as using a credit card. 

About the company 

Aria allows for immediate payments that may also include differed remuneration enabled by their API. It offers businesses a checkout experiences similar to B2C users that also incorporates, KYC/KYB, debtor risk analysis, anti-fraud analysis, credit insurance, and debt recovery. 

Aria reports having processed half a billion Euros in payments during the last 12 months, in 2023. The company recently launched services in the UK. Regarding credit, Aria is supported by a EUR 150 million facility from several investors, including M&G Investments. The fintech has also partnered with freelance platforms and marketplaces such as Malt, Brigad, and Jump. 

While B2C payment volume is only 1/5 of the size of B2B payments just 7% of these transactions are completed online. With Aria’s tools, companies can process any payment method, offer flexible net terms financing, and get paid instantly. 

In March 2023, the fintech raised EUR 50 million as a debt funding round from M&G Investments, a global investment manager. According to the press release, the company would use the investment to improve its financial capacity while accelerating the development of its business through the design and launch of new products. The startup also aimed to hire 15 new people as part of its team to develop its presence in Europe as well. 

Source: Link


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Keywords: fintech, funding, B2B payments, payments
Categories: Banking & Fintech
Companies: Aria
Countries: France
This article is part of category

Banking & Fintech

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Aria

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