OatFi, a FinTech company specializing in B2B embedded financing, announced it has successfully raised $24 million in a Series A funding round. This significant investment will fuel the company's expansion and further development of its innovative credit network. The platform seamlessly integrates underwriting, origination, and funding capabilities into existing B2B payment platforms, providing businesses with access to crucial financing at the point of transaction.
The funding round was spearheaded by White Star Capital, with participation from other investors (though not explicitly named in the provided text). This injection of capital will allow OatFi to accelerate product development, expand its integrations across accounts payable (AP), accounts receivable (AR), and payment infrastructure providers. The ultimate goal is to solidify OatFi's position as a leading provider of modern credit solutions within the massive US B2B payments market.
OatFi's technology leverages APIs to embed its financing capabilities directly into the workflows of various B2B payment platforms. This approach aims to streamline access to working capital for businesses, addressing a critical need highlighted by recent market trends and research indicating a strong demand for embedded finance solutions. The company has already partnered with key infrastructure players like Unit, Transcard, and Galileo, demonstrating its traction and market acceptance.
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