OCTA Secures USD 20M to Offer Working Capital to Saudi SMEs
Summary
OCTA secured a USD 20 million credit facility from Sukna Fund for Direct Financing to expand embedded working capital financing for SMEs in Saudi Arabia. The company will deliver credit directly through its platform inside invoicing and payments workflows. It aims to reduce cash-flow delays by tying repayment to real collections and scheduled payouts. The platform combines contract-to-cash automation, collections, payments, and financing in one workflow. This funding supports OCTA’s effort to become a financial operations layer for growing businesses.
Funding
Amount
$20.0M
Total raised
Date
June 17, 2025
Announcement date
Investors
-
Lead investors
Company
weareocta.com
Funded company
Classifications
industries
No industries detected
applications
Accounting and Taxes
AskAI Classifications
Labels
SaaS
Financial Automation Software
Accounting Software
Linked Companies
Octa
$1M to $5M