Settle Secured $240 Million Credit Facility

The fintech firm added capital to expand its financing for small and medium-sized businesses.

Updated on Oct. 5, 2026 in Startups

Isometric editorial illustration of interconnected brass and steel modular bridge sections, representing financial growth and systemic expansion. — Fintech company Settle has secured a $240 million credit facility to expand its automated accounts payable and invoice financing platform for small businesses. AI Illustration. Upload story photo >

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Settle has secured a $240 million credit facility to support its working capital services. The company provides a platform that integrates accounts payable automation, invoice tracking, and business financing.

Why it matters

The funding allows Settle to extend financing to larger customers and support businesses through more stages of growth. This expansion addresses limited access to traditional credit for small and medium-sized enterprises in the United States.

Settle has now surpassed $4 billion in total originations. The new $240 million facility is being deployed to scale their integrated platform, which handles automated bill pay and invoice management.

The players

Settle

A financial technology startup offering a platform that combines bill pay, accounts payable automation, and working capital financing for business growth.

The details

The Settle platform streamlines back-office finance by combining accounts payable automation—software that handles incoming bills and payment approvals—with invoice tracking and financing. By embedding these tools into a single workflow, the company aims to reduce the friction that small and medium-sized businesses typically encounter when accessing capital from legacy financial providers.

2022: Settle closed a $280 million revolving credit facility.
2023: The company secured a $145 million credit facility.
October 5, 2026: Settle secured a $240 million credit facility.

The Tech Race

Settle operates within a competitive fintech landscape focused on digitizing business-to-business (B2B) payments and credit lines. This capital infusion follows previous debt rounds in 2022 and 2023, signaling a strategy to rapidly scale originations against traditional banking models.

Small and medium-sized businesses using the Settle platform will gain access to higher credit limits and more flexible financing products as the company expands its capacity. These features are designed to serve companies at more complex stages of growth that standard credit products often exclude.

The takeaway

Settle is scaling its financial platform to bridge the credit gap for growing firms by securing institutional capital. Watch for the company's future expansion into larger enterprise customer segments as a signal of their evolving market positioning.