What is SETTLE?
SETTLE operates as a sophisticated B2B payment platform designed to automate complex payment workflows and centralize bank account management. By providing a unified interface for financial oversight, the platform enables organizations to make data-driven cashflow decisions with the benefit of live ERP updates. This integration capability is essential for modern enterprises seeking to eliminate manual reconciliation errors and optimize working capital efficiency. Positioned at the intersection of fintech and enterprise resource planning, SETTLE addresses the persistent friction in corporate treasury management, offering a scalable solution that bridges the gap between disparate banking systems and internal accounting software.
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, Acasia Ventures, and Plus Venture Capital (+VC
Key Investors in SETTLE
Shorooq Partners
Shorooq is a leading alternative investments manager based in the MENA region, focusing on venture capital and private credit to fuel growth for visionary founders.
Acasia Ventures
Founded in 2011, Acasia Ventures is a prominent venture capital investment firm based in Cairo, Egypt, with a long-standing history of supporting regional innovation.
Plus Venture Capital (+VC)
Plus VC is a venture capital firm focused on empowering early-stage startups in the MENA region, providing fair terms and extensive support from seed stage to Series A.
What's next for SETTLE?
With this latest strategic investment, SETTLE is well-positioned to accelerate its product roadmap and expand its footprint within the MENA region and beyond. The company is expected to prioritize the enhancement of its ERP integration suite, ensuring that its automated payment infrastructure remains compatible with an increasingly diverse array of global accounting standards. Furthermore, the firm will likely leverage this capital to bolster its engineering talent and customer success teams, ensuring that its enterprise-grade solutions can support the growing demands of its expanding client base. As the B2B payments sector continues to undergo digital transformation, SETTLE's focus on operational transparency and liquidity management will be central to its long-term growth trajectory and competitive differentiation.
See full SETTLE company page
