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Archa raises $11M equity and $50M debt facility for corporate credit card platform with AI spend controls.
Amount Raised
A$11 Million
Round Type
Venture
MelbourneFinancial ServicesArtificial IntelligenceFintechLendingInvestors
Description
Melbourne fintech Archa has raised $11 million in equity funding to develop its business credit card platform and improve access to working capital without personal guarantees. The round was backed by executives and founders from Zip, The Iconic, BetaShares, and Netspace, alongside US investor The Fintech Fund and former Macquarie executives. In addition to the equity raise, Archa also secured a $50 million debt facility to support lending based on business performance. The capital will be used to accelerate product development, including AI tools to monitor purchases against company spending policies.
Fundz sees it the moment Archa raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Archa raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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