• OCTA secures USD 20M from Sukna Fund for Direct Financing (SFDF) to offer embedded credit directly through its platform to SMEs in Saudi Arabia.
• The fintech automates access to short-term financing by integrating lending into businesses’ invoicing and payments workflows.
• With repayment tied to real cash flows, OCTA aims to solve the cash crunch that stalls many growing SMEs.

Octa

What happened? OCTA secured USD 20 million credit facility from Sukna Fund for Direct Financing (SFDF) to offer embedded working capital to SMEs in Saudi Arabia.

“Most SMEs don’t fail because they lack revenue, they fail because their cash is locked up for 60 to 90 days,” said Jon Santillan, Co-Founder and CEO of OCTA.

The delivery of the facility will be directly through OCTA’s platform. This enables businesses to access credit natively within their accounts receivable workflows. Thus, negating the need to apply through banks or navigate separate lending systems.

Additionally, unlike traditional lending methods, OCTA embeds financing inside the financial tools businesses already use to run daily operations.

Nupur Mittal, Co-Founder of OCTA, further added: “We’ve built the financial operations layer that works behind the scenes automating how money moves, and now, how it gets funded.”

How does it work? The facility will allow eligible SMEs to access short-term financing as soon as invoices are issued or payables are due. Fur†hermore, repayment is automated and tied to real collections or scheduled payouts. Thus, this eliminates the disconnection between funding and workflow execution. 

 “OCTA gives us an embedded distribution layer where capital can move instantly, transparently, and in sync with the operations of real businesses, ” said Sukhdev Hansra, Head of Asset Management, Sukna Capital.

Who are they? Since launching in 2024, OCTA aims to position itself as a foundational layer for contract-to-cash automation. It covers invoicing, payments, collections, and now embedded credit access. 
It is essentially a platform designed to optimize the collection process through automation. This enables businesses to manage contracts, streamline invoice payments, access financing, and simplify debt recovery.