Archa Secures $61 Million in Equity and Debt Funding as Founder Oliver Kidd Targets Credit Without Personal Guarantees
Summary
Archa secured $11 million in equity funding and a $50 million debt facility to expand its corporate credit card and working capital offering. The company plans to use the money to grow its lending capacity and improve its expense management technology. It also intends to add AI tools that flag purchases outside company spending policies. Archa says its annual recurring revenue has grown sharply and its platform has processed more than $200 million in annualized spending.
Funding
Amount
$34.8M
Total raised
Date
October 13, 2026
Announcement date
Investors
Macquarie Group, Zip
Lead investors
Company
https://www.archa.com.au
Funded company
AskAI Classifications
Sectors
Fintech, Banking and Payments
General FinTech
Payment Processing
Functions
Accounting and Taxes
Expense Management
Linked Companies
Archa
$1M to $5M