What is SETTLE?
SETTLE operates as a comprehensive B2B payment platform designed to streamline financial operations for businesses. By centralizing payment management and integrating directly with ERP systems for live updates, the platform empowers companies to make more informed cashflow decisions. Its core offering focuses on automating payment processes, thereby reducing administrative overhead and improving financial control for its clientele. The company's emphasis on live ERP integration positions it as a key player in providing real-time financial intelligence.
How much funding has SETTLE raised?
SETTLE has raised a total of $2M across 1 funding round:
Other Financing Round
$2M
Other Financing Round (2024): $2M with participation from Shorooq Partners, Plus Venture Capital (+VC, and Acasia Ventures
Key Investors in SETTLE
Shorooq Partners
Shorooq Partners is a leading alternative investments manager in the MENA region, specializing in venture capital and private credit. They partner with visionary founders across various sectors, providing investment and management expertise to fuel growth and create multi-asset opportunities.
Plus Venture Capital (+VC
Plus VC is a venture capital firm focused on empowering early-stage startups in the MENA region, providing fair terms, fast deals, and extensive support from seed stage to Series A, particularly for innovative teams addressing significant market challenges.
Acasia Ventures
Acasia Ventures, formerly Cairo Angels, is a venture capital investment company based in Cairo, Egypt, founded in 2011, and actively invests in promising ventures.
What's next for SETTLE?
With the recent injection of major strategic investment, SETTLE is poised for significant expansion and product development. The enterprise-level funding suggests a focus on scaling operations, enhancing its technological infrastructure, and potentially broadening its service offerings to cater to a larger enterprise market. This capital will likely be instrumental in solidifying its market position, driving further innovation in B2B payment automation, and expanding its customer base through strategic initiatives and enhanced sales efforts.
See full SETTLE company page
