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Receive raises $4 million in Seed funding led by NGVP to launch the Titanium Boost Business Mastercard, unlocking real-time revenue access for SMBs.

Jul 17, 202516 days ago

Amount Raised

$4 Million

Round Type

seed

New YorkLendingFintechFinanceFinancial Services

Investors

Clocktower Technology VenturesCorner VenturesInsight PartnersVerissimo VenturesBlank VenturesNgvp

Description

Receive, a fintech startup, has raised a $4 million Seed round led by NGVP, bringing total funding to $7.1 million. The funding will support the launch of their Titanium Boost Business Mastercard®, aimed at providing SMBs with access to their earned revenue. The company, founded by Ariel Blum, addresses cash flow issues faced by small businesses. Receive's platform enables fast and flexible access to revenue without interest or credit checks.

Company Information

Company

Receive

Location

New York, New York, United States

About

Receive is a U.S.-based financial technology company revolutionizing how small and medium-sized businesses manage cash flow. Its Earned Revenue Access platform provides real-time access to revenue, enabling SMBs to operate with greater agility, flexibility, and financial control. The company aims to help businesses reinvest sooner, operate more efficiently, and grow without debt. It focuses on democratizing financial access for small businesses through innovative solutions.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers