Aria, the embedded invoice financing platform that helps businesses get paid on time, has raised an €7M Series A extension and launched a €240M debt facility to scale its financing capacity to tackle Europe’s late payments crisis. The €7M equity round was led by 115K, the venture capital arm of La Banque Postale, with participation from returning investor 13books Capital, and brings Aria’s total Series A to €22M. Aria will use the capital to invest in AI tooling, fund new hires, and onboard new clients. 115K will take a seat on Aria’s board of directors.The €240M debt facility is structured across two vehicles. The securitisation fund, a bankruptcy-remote vehicle led by Nomura with participation from Fost, is the primary structure: Aria buys invoices from suppliers and transfers the receivables to the fund, which issues securities to investors backed by buyers’ future payments. As buyers settle their invoices, the cash recycles to finance new purchases. In a separate legal vehicle, Sienna and Montpensier Arbevel have committed additional capital.The announcements follow a year of rapid growth. The fintech scaleup financed 1.7M invoice advances in 2025, and over 1.1M more so far in 2026. It now powers more than 70 of Europe’s largest B2B marketplaces and freelance platforms, including Malt and Job&Talent. Aria has financed over €1.5bn in invoices since launching in 2020, while keeping its default rate below 0.1%. Aria will grow its existing presence in sectors where late payment delays are felt most acutely, including transportation, manufacturing, and construction.Addressing Europe’s late payments crisisLate payments remain one of the greatest threats to small businesses in Europe. The EU Payment Observatory estimates that tackling this issue could unlock over €100bn in additional cash flow each year, a lifeline given that 65% of affected companies already struggle to access external finance. The problem is equally acute in the UK, costing the economy £11bn a year and contributing to 38 business closures a day, prompting the government to introduce its first late payments legislation in over 25 years in March. Aria addresses Europe’s late-payment problem by bridging the gap between suppliers who need to be paid quickly and buyers who prefer longer terms. The platform embeds invoice financing directly where B2B transactions happen: inside ERP systems, marketplaces, and vertical SaaS platforms. Suppliers are paid immediately, while buyers retain their usual 60-day payment terms. Aria buys the invoice rather than lending against it, so suppliers get predictable cash flow without taking on debt. A single API handles identity checks, credit assessments, collections, insurance and payments, adapting to local rules, currencies and payment methods across Europe. Clément Carrier, CEO and Co-founder of Aria, 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.”Armelle de Tinguy, Managing Partner at 115K, commented: “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.”Antoine Ichard, Executive Director at Nomura, added: “We back platforms that can finance at scale without compromising on credit quality. We’ve been impressed by the team’s operational discipline and its sub-0.1% default rate. Aria’s risk performance is second to none, and we’re glad to support its securitisation fund as it scales across Europe.”NoYesInfrastructure09 Jul, 2026