French fintech Aria bags €50m debt facility
French B2B lender Aria has bagged a €50 million ($53.3m) debt facility provided by M&G Investments, building on the €20 million facility it secured in 2022.
Aria co-founders: CEO Clément Carrier (left) and COO Vincent Folny (right)
Founded in 2020 and based in Paris, Aria offers an API-led B2B financing solution built to enable marketplaces and Software-as-a-Service (SaaS) companies to boost their growth by offering instant payments to providers while maintaining cashflow until their customers have paid.
With the debt fundraise, Aria will be able to finance invoices of freelancers and SMEs “for whom the need of cash flow is a key issue, particularly in an unfavourable and uncertain macroeconomic context”, Aria says.
The funding will also go towards extending Aria’s offering to new verticals and recruiting 15 people in 2023 for its tech and product, operations and finance, and marketing and sales departments.
In the last year, the fintech firm claims its business volume has increased 20-fold, exceeding €100 million in financing for its clients.
“We founded Aria with the ambition to give all businesses access to financing solutions regardless of the economic situation in which they find themselves,” says Clément Carrier, co-founder and CEO of Aria.
“This funding will strengthen Aria’s position while giving us the means to continue our growth on a European scale.”
