Aria, the Paris-based embedded invoice financing platform, has secured a €7m Series A extension alongside a new €240m debt facility as it looks to expand its financing capacity and combat the late payments crisis affecting businesses across Europe.
The equity injection was headed by 115K, La Banque Postale’s venture capital arm, alongside existing backer 13books Capital, taking the company’s overall Series A haul to €22m. As part of the deal, 115K will join Aria’s board.
The fresh funds are earmarked for AI tooling investment, recruitment, and bringing new clients onto the platform.
The debt facility is split between two vehicles. The main structure is a bankruptcy-remote securitisation fund led by Nomura with Fost also participating. Under this arrangement, Aria purchases invoices from suppliers and passes the receivables into the fund, which then issues investor securities backed by the future payments of buyers. Once buyers pay their invoices, the money is recycled into financing further purchases. Sienna and Montpensier Arbevel have pledged additional capital through a separate legal vehicle.
The raise caps a period of significant momentum for the scaleup, which advanced 1.7 million invoices during 2025 and has already surpassed 1.1 million in 2026. Its technology now underpins upwards of 70 of Europe’s biggest B2B marketplaces and freelancer platforms, among them Malt and Job&Talent, and it has financed more than €1.5bn worth of invoices since its 2020 launch while maintaining a default rate under 0.1%.
The company intends to deepen its footprint in industries hit hardest by payment delays, such as transportation, manufacturing and construction.
Late payments continue to pose a major danger to Europe’s smaller firms. According to the EU Payment Observatory, resolving the problem could free up more than €100bn in extra cash flow annually, with 65% of impacted businesses already finding it hard to secure external funding. In the UK, the issue drains £11bn from the economy each year and plays a role in 38 firms shutting down daily, which led the government to bring in its first late payments legislation in more than 25 years this March.
Aria tackles the issue by connecting suppliers seeking rapid payment with buyers who want extended terms. Its financing sits directly within the places where B2B trade occurs, including ERP systems, marketplaces and vertical SaaS platforms.
Suppliers receive their money instantly while buyers keep their standard 60-day terms. Because Aria acquires the invoice outright rather than lending against it, suppliers gain reliable cash flow without incurring debt. One API covers identity verification, credit checks, collections, insurance and payments, and adjusts to local regulations, currencies and payment methods across the continent.
Aria CEO and co-founder Clément Carrier said, “No business owner should spend an average of 86 hours a year chasing late payments. That’s more than two working weeks spent on the phone and writing emails instead of building their business.
“We want suppliers to get paid straight away and move on to the next order. This equity raise and securitisation fund lets us bring that experience to more businesses. Having the right backers who understand the complexity of our market is key, so we’re pleased to bring the financial and regulatory acumen of investors like 115K to our cap table.”
115K managing partner Armelle de Tinguy said, “Late payments are one of the most consequential and underserved problems facing European SMEs today. Aria has built a distinctive embedded payment and financing infrastructure for marketplaces and B2B platforms, able to tackle the market at scale.
“What sets them apart is the rare combination of strong unit economics and a proven model, an exceptional team, and outstanding execution over the last few years in a highly regulated, technically demanding market. We’re proud to support the team as they scale across Europe.”
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