Settle Secured $240 Million Credit Facility
The fintech platform plans to expand financing options for growing businesses facing tight capital access.
Updated on Oct. 5, 2026 in Startups
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Settle has secured a $240 million credit facility to support its working capital lending operations. The platform provides financing and automated payables to thousands of businesses.
Why it matters
This deal provides Settle with additional capacity to serve larger customers and launch new products as access to traditional bank financing remains difficult for small and medium-sized businesses.
Settle has secured a $240 million credit facility, bringing its total originations to over $4 billion. This marks a shift from prior financing rounds, including a $145 million facility in 2023 and a $280 million facility in 2022.
The players
Settle
A fintech platform providing working capital, invoice tracking, and accounts payable automation for small and medium-sized businesses.
The details
The facility is funded by an international financial institution and a New York asset manager to scale the company's lending reach. Settle utilizes this capital to back a platform that integrates bill pay, accounts payable automation, invoice tracking, and financing for its users. The move aims to broaden the range of growth stages the firm can support while addressing liquidity constraints faced by smaller commercial borrowers.
Timeline
2022: Settle closed a $280 million revolving credit facility.
2023: Settle closed a $145 million credit facility.
October 5, 2026: Settle secured the $240 million credit facility.
Market Landscape
This credit facility highlights the ongoing struggle for small and medium-sized businesses to secure capital through traditional banking channels. The expansion follows a broader industry trend where specialized fintech platforms increase their lending capacity to serve segments overlooked by standard providers.
Operators currently facing limited access to traditional bank loans should monitor Settle's expanded product offerings as a potential alternative for working capital needs. Business owners should assess their current accounts payable automation tools to determine if moving to an integrated financing platform improves cash flow visibility.
The takeaway
The firm is scaling its lending capacity to support larger customers through the integration of automated payables and financing. Operators should track their internal cost of capital against the terms offered by similar fintech lenders when exploring non-bank financing solutions.
Further reading
For more on the latest funding moves in the sector, visit Startups.
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