Receive, a fintech startup focused on democratizing financial access for small businesses, has emerged from stealth mode with a $4 million seed funding round led by NGVP, raising its total funding to $7.1 million. Supported by investors like Blank Ventures and Insight Partners, Receive addresses issues such as delayed payouts and high capital costs that hinder SMB growth.
Founded by fintech veteran Ariel Blum, Receive’s Earned Revenue Access platform provides immediate access to earned revenue without interest or credit checks, enabling businesses to reinvest quickly and operate debt-free. Additionally, its white-labeled model allows Independent Sales Organizations (ISOs) and payment processors to incorporate this capability, creating new revenue streams.
In collaboration with Titanium Payments, Receive has introduced the Titanium Boost Business Mastercard, which transforms pending settlements into real-time spending power for merchants. The SmartPay Calendar tool also empowers merchants by enabling them to manage repayment timing and offering incentives for early payments, helping SMBs grow and maintain control over their cash flow.
KEY QUOTES
“From e-commerce to Main Street, cash flow is a universal challenge that limits growth. We recently supported a local mechanic who was struggling to scale because he was waiting on funds to settle before purchasing parts for upcoming jobs. Delays or costly financing can severely disrupt progress. With Titanium Boost, businesses can access revenue on their terms, keeping operations running smoothly.”
Ariel Blum
