Receive, a US-based financial technology company focused on improving cash flow access for small and medium-sized businesses (SMBs), has exited stealth mode and announced its official launch.
The company revealed it has secured a $4m seed funding round led by NGVP, with participation from investors including Blank Ventures, Verissimo Ventures, Insight Partners, Corner Ventures and Clocktower Technology Ventures. This brings Receive’s total funding to $7.1m, including additional debt financing.
Founded by FinTech executive Ariel Blum—formerly of Melio, Green Dot and American Express—Receive aims to address the persistent cash flow problems plaguing SMBs. Recognising that 82% of small businesses fail due to cash flow issues, according to SCORE, Blum launched the first Earned Revenue Access platform designed to give businesses real-time access to revenue they have already earned. The platform enables instant liquidity without relying on interest-based loans, credit checks or traditional underwriting.
With the new capital, Receive has launched the Titanium Boost Business Mastercard® in partnership with Titanium Payments. The card gives Titanium’s SMB network immediate access to funds from pending transactions, turning delayed settlements into usable revenue.
Beyond the card launch, Receive has also introduced the SmartPay Calendar—a self-driving repayment tool that lets merchants choose when to repay borrowed amounts, with incentives for early repayment.
Receive CEO Ariel Blum said, “From e-commerce to Main Street, cash flow is a universal challenge that limits growth. We recently supported a local mechanic who was struggling to scale because he was waiting on funds to settle before purchasing parts for upcoming jobs. Delays or costly financing can severely disrupt progress. With Titanium Boost, businesses can access revenue on their terms, keeping operations running smoothly.”
Source: https://fintech.global/
