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Fintech Startup Setscale Launches To Help Small Businesses Fund Purchase Orders With A $9.5M Seed Round, Secures Up To $70M In Debt Financing

May 04, 2023about 2 years ago

Amount Raised

$70 Million

Round Type

seed

New YorkLendingFintechFinanceFinancial Services

Description

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 Information

Company

Setscale

Location

New York, United States

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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