Aria, a Paris, France-based provider of a B2B deferred payment infrastructure for the platform economy, raised €15M in funding.
The round was led by 13books Capital with participation from Adevinta Ventures, Ankaa Ventures, Otium Capital and angel investors including Laurent Ritter (Purple), Mark Ransford and Guillaume Princen (former Stripe exec).
The company intends to use the funds to expand operations and its business reach.
Co-founded in 2019 by Clement Carrier and Vincent Folny, Aria enables marketplaces, transactional SaaS & ERPs companies to offer instant payments to their providers while maintaining cash flow until their customer has paid. The company integrates directly into the platform’s systems enabling instant direct payments to suppliers across Europe and allowing buyers up to 90 days to pay for services and goods.
Aria will offer businesses a check out experience akin to B2C users and underlying this the embedded payment infrastructure will cover funding, KYC/KYB, debtor risk analysis, anti-fraud analysis, credit insurance and debt recovery. A detailed dashboard will provide a clear overview of their payments landscape.
Over the last 12 months, on the back of growth in France and their UK launch, Aria has now processed over 0.5 Bn€ in payments for over 30k businesses and freelancers with invoices ranging from €500 to €20,000. The company is also supported by a €150m facility from several investors including M&G Investments to advance payments. Aria has partnered with Europe’s largest freelance platforms and marketplaces such as Malt, Brigad and Jump which are now being funded across Europe.
FinSMEs
12/12/2023