News Digital Banking

French fintech Aria secures €15m to shake up business payments

The startup is taking on the $120 trillion spent on B2B payments annually and making the experience more B2C

Clement Carrier and Vincent Folny/Aria

Clement Carrier and Vincent Folny/Aria

French B2B deferred payments provider Aria has secured €15m in funding six months after launching in the UK.

Co-founded by former freelancers CEO Clément Carrier and chief operating officer Vincent Folny in 2019, the platform helps workers and businesses with early and deferred payments options.

Aria plans to use the funds to expand its deferred payment infrastructure across the platform economy and B2B marketplaces, capitalising on the $120 trillion spent every year in B2B payments, just seven per cent of which is conducted digitally. 

“The truth is that innovation in B2B commerce payments has lagged far behind the B2C space. We want to modernise wide-ranging aspects of how B2B commerce is conducted in the digital age,” Carrier said.

Aria enables merchants, B2B marketplaces and vertical SaaS companies that sell goods and services both online and offline a range of payment methods and terms and allows them to be paid instantly.

The fintech now serves more than 30,000 businesses and freelancers and has processed more than €500m in payments over the past 12 months following growth in its home country of France and its launch in the UK.

“We have solved a big problem for freelancers and the platform economy but we have seen, first-hand, that businesses face a big bottleneck when it comes to payments,” Carrier said.

This is because most online business purchases are made on credit cards, but transactions through wires, checks and online banking have to be made elsewhere, Carrier explained, making the process long and cumbersome. 

“Aria manages all of this complexity behind a slick checkout experience and makes offering flexible payments methods and terms as easy as using a credit card,” Carrier said.

“With Aria’s suite of tools, companies can process any payment method, offer flexible net terms financing, and get paid instantly — all in one online platform. Buyers have the flexibility to pay like they would on a consumer website, transacting in a few clicks,” he added.

The funding round was led by 13books Capital, with participation from Adevinta Ventures, Ankaa Ventures and Otium Capital alongside angel investors including former Stripe exec Guillaume Princen and Mark Ransford.

“Aria has developed a powerful solution enabling businesses and freelancers to receive payments on their own terms,” Adevinta Ventures principal Stefan Grabmann said.

“We believe that the future of B2B marketplaces is fintech-enabled, and Aria is spearheading this transformation across Europe.”

Companies In This Article

Aria logo

More Like This