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Aria Secures €15M to Revolutionize B2B Payments

A strategic move, Aria has clinched €15 million in funding, signaling a bold stride vanquishing the late payment crises
By Josefina Dipaolo
December 14, 2023

Late payments have long plagued freelancers and small businesses, contributing to the closure of 50,000 firms annually in the UK alone. In a bid to combat this financial challenge, French fintech Aria has successfully raised €15 million in a Series A funding round led by 13books Capital, with participation from Adevinta VenturesAnkaa VenturesOtium Capital, and notable angel investors.

Diving into the heart of the matter, Aria initially addressed the payment struggles of freelancers but has now broadened its scope to revolutionize embedded digital B2B payment structures. The strategic funding injection aims to propel Aria's deferred payment infrastructure, with a specific focus on enhancing B2B payments across the platform economy and B2B marketplaces.

Picture this: You're a business owner, and Aria acts as your ally, instantly providing funds when you issue an invoice rather than waiting for your customer's payment. It's a financial lifeline that ensures you have the necessary cash flow to invest in and grow your business.

Aria serves as a bridge between businesses and their customers, ensuring swift payment to the business owner and handling the collection from customers later. Essentially, it functions as a short-term loan, preventing cash flow issues and streamlining the entire B2B payment process.

Moreover, Aria acts as a financial detective, assessing the creditworthiness of customers to safeguard businesses from potential bad deals. The platform not only facilitates faster payments but also improves cash flow and reduces risks, handling all paperwork and collections so that businesses can focus on their core operations.

The recent Series A funding round, led by 13books Capital, underscores the alignment of investors with Aria's mission. Partners like Adevinta Ventures and notable angel investors express enthusiasm for Aria's potential, recognizing the fintech's exceptional growth and clear product-market fit.

As Aria looks to the future, the focus is on expanding in France and the UK, with a commitment to building a team that shares the company's values. With a total of €19 million in equity funding secured so far, Aria is set to redefine the landscape of B2B payments, providing a seamless and efficient solution for businesses in the digital age.

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