OatFi, a fintech infrastructure company based in the US that specialises in B2B payments, has secured $24 million in Series A funding.
London-based venture capital firm White Star Capital led the investment round, with participation from existing investors Portage and QED, who previously contributed to OatFi’s $8 million seed round in 2022.
Founded in 2021, OatFi provides a single API set that enables embedded accounts payable (AP) and accounts receivable (AR) financing. The company says it integrates underwriting, origination, and funding capabilities directly into B2B payment platforms and commercial charge card systems.
“B2B payments are not just a money movement challenge – they’re a data and workflow challenge,” argues Michael Barbosa, OatFi’s co-founder and CEO. “That’s why we’ve focused on deep API integrations that offer working capital solutions within the platforms that businesses already rely on to pay and get paid.”
OatFi has established partnerships with backend technology firms, such as Galileo, Unit, and Transcard, and has integrated with more than 25 issuer processors and embedded payments platforms.
The new capital will enable product acceleration and integrations across various infrastructure providers, the company says.
Source: https://www.fintechfutures.com/
