Fintech Startup Setscale Launches To Help Small Businesses Fund Purchase Orders With A $9.5M Seed Round, Secures Up To $70M In Debt Financing
Fintech Startup Setscale Launches To Help Small Businesses Fund Purchase Orders With A $9.5M Seed Round, Secures Up To $70M In Debt Financing
05/04/23, 12:03 PM
Location
Money raised
$70 million
Industry
lending
fintech
finance
financial services
Round Type
seed
Setscale, a fintech startup revolutionizing purchase order financing for SMBs, today announced it has raised a $9.5M seed funding round, as well as secured up to $70M in debt.
Company Info
Location
new york, united states
Additional Info
Setscale is a fintech startup solving the trade financing dilemma for small businesses. Small businesses frequently get purchase orders, but don't have the money to fill them. Through its PO financing technology, Setscale finances the cost of those goods, allowing small businesses to focus on product and sales, enabling them to scale. Setscale is an ideal partner for SMBs, coming in where traditional financial institutions won't, enabling SMB's to finance their growth. Setscale funds supply. You meet demand.