Aria adds €7mn equity and €240mn debt line for invoice finance growth

Aria has raised €7mn in an extension to its Series A round and opened a €240mn debt facility to increase the volume of invoices it can finance. The Paris-based embedded invoice finance platform said the combined funding will support capacity for suppliers seeking faster payment while allowing buyers to keep standard trade credit terms.

The equity investment was led by 115K, the venture capital arm of La Banque Postale, with existing backer 13books Capital also participating. Aria said the proceeds will be directed to artificial intelligence tooling, recruitment and bringing new clients onto its platform.

Aria provides financing inside business-to-business transaction systems, including enterprise resource planning software, marketplaces and vertical software-as-a-service platforms. Its model is designed to sit within the payment flow rather than require suppliers to arrange separate funding outside the platform where a sale takes place.

Under the structure described by the company, suppliers receive payment at once, while buyers can continue using 60-day payment terms. Aria purchases the invoice rather than advancing a loan secured against it, meaning the supplier receives cash without adding debt to its own balance sheet.

The company said one application programming interface is used to manage identity verification, credit analysis, collections, insurance and payments. Aria said the system can be adjusted for different European rules, currencies and payment methods.

Late payment pressure

Aria framed the funding against the continuing strain from delayed payments on smaller companies. Citing the EU Payment Observatory, the company said measures to reduce late payment could release more than €100bn of additional annual cash flow across Europe.

The company also pointed to the UK, where it said late payments cost the economy £11bn a year and are linked to 38 business closures each day. Aria said that pressure prompted the UK government to introduce its first late payments legislation in more than 25 years in March.

Since its launch in 2020, Aria said it has financed more than €1.5bn of invoices and kept its default rate below 0.1%. The company said it funded 1.7mn invoice advances in 2025 and more than 1.1mn additional advances so far in 2026.

Debt facility structure

The €240mn facility is split across two vehicles, according to Aria. The main structure is a securitisation fund led by Nomura, with participation from Fost, and is designed as a bankruptcy-remote vehicle.

In that arrangement, Aria buys invoices from suppliers and transfers the receivables into the fund. The fund then issues securities to investors, backed by the future payments due from buyers. When buyers pay their invoices, the money can be reused to finance further invoice purchases.

Aria said a separate legal vehicle includes further capital commitments from Sienna and Montpensier Arbevel.

Clément Carrier, Aria’s chief executive, said the equity raise and securitisation fund would allow the company to bring its service to more businesses. He said investors with financial and regulatory expertise, including 115K, were important given the complexity of the market.

This story draws on original reporting from Finextra Research.