Summary
Paris-based embedded invoice financing platform Aria raised a EUR 7 million Series A extension led by 115K (La Banque Postale's VC arm) and launched a EUR 240 million debt facility to scale its financing capacity across Europe. The debt facility is structured as a bankruptcy-remote securitization fund led by Nomura, with additional capital from Sienna and Montpensier Arbevel. Aria has financed over EUR 1.5 billion in invoices since 2020 with a default rate below 0.1%.
Key Facts
- EUR 7M equity round led by 115K (La Banque Postale VC), with returning investor 13books Capital
- Total Series A now EUR 22M; 115K gets a board seat
- EUR 240M debt facility: primary securitization fund led by Nomura + Fost; separate vehicle with Sienna and Montpensier Arbevel
- Financed 1.7M invoice advances in 2025, 1.1M more in H1 2026
- Supports 70+ of Europe's largest B2B marketplaces and freelance platforms (Malt, Job&Talent)
- Default rate below 0.1% since 2020 launch
- Funds will go to AI tooling, new hires, and client onboarding
- Targets transportation, manufacturing, and construction sectors
Why It Matters
Aria addresses Europe's late payments crisis, which costs the EU economy over EUR 100 billion annually and contributes to 38 UK business closures daily. The company's model of purchasing invoices outright (rather than lending against them) and embedding financing directly within ERP systems and marketplaces represents a scalable approach to B2B working capital. The Nomura-led securitization structure shows institutional appetite for fintech-originated credit assets.