Settle Secured 240 Million Dollar Credit Facility
The financial services platform secured new capital to expand lending capacity for small and medium-sized businesses.
Updated on Oct. 5, 2026 in Startups
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Settle has secured a 240 million dollar credit facility to bolster its working capital offerings. The firm, which provides financial automation tools, has now surpassed 4 billion dollars in total originations.
Why it matters
Small and medium-sized businesses often face limited access to financing from traditional banking institutions. This new facility allows Settle to support larger clients and introduce additional financing products across various stages of business growth.
Settle has achieved a total of 4 billion dollars in originations to date. This new 240 million dollar facility follows previous credit lines of 280 million dollars in 2022 and 145 million dollars in 2023.
The players
Settle
Settle is a financial services platform that offers accounts payable automation, bill pay, and working capital financing for businesses.
The details
The capital is provided by an international financial institution and a New York-based asset manager to support Settle's platform, which combines bill pay, accounts payable automation, invoice tracking, and financing. The injection of funds is intended to facilitate the company's expansion into new financing products and services for larger business customers.
Timeline
2022: Settle closed a 280 million dollar revolving credit facility.
2023: Settle closed a 145 million dollar credit facility.
October 5, 2026: Settle secured the new 240 million dollar credit facility.
Market Landscape
This move highlights the ongoing shift where specialized fintech platforms provide essential working capital that traditional banks have increasingly restricted for smaller firms. By securing this facility, Settle strengthens its competitive position against other lenders in the growing business automation and finance sector.
Small and medium-sized business owners may gain access to broader financing options and more robust accounts payable automation tools through the Settle platform. This expanded lending capacity could provide a more reliable source of working capital compared to traditional bank loan processes.
The takeaway
The growth of fintech-backed credit facilities continues to provide a vital lifeline for companies that struggle to secure conventional bank funding. Businesses looking to optimize cash flow should monitor how these automation platforms evolve their product offerings to include larger-scale financing.
Further reading
For more on the evolving financial landscape, see the Startups section.
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