{"id":12707,"date":"2025-06-19T08:58:39","date_gmt":"2025-06-19T08:58:39","guid":{"rendered":"https:\/\/fintechnews.ae\/?p=26614"},"modified":"2025-06-19T08:58:39","modified_gmt":"2025-06-19T08:58:39","slug":"octa-secures-us20-million-to-expand-sme-financing-in-saudi","status":"publish","type":"post","link":"https:\/\/mena-fintech.org\/demo\/octa-secures-us20-million-to-expand-sme-financing-in-saudi\/","title":{"rendered":"OCTA Secures US$20 Million to Expand SME Financing in Saudi"},"content":{"rendered":"

OCTA, a fintech platform based in the UAE, has secured a US$20 million credit facility from the Sukna Fund for Direct Financing (SFDF).<\/p>\n

The funding will support OCTA\u2019s goal to offer short-term working capital financing directly through its platform, enabling SMEs in Saudi Arabia to access credit more easily.<\/p>\n

Unlike traditional lending models that require separate applications and banking integrations, OCTA enables financing from within a business\u2019s invoicing and payment systems.<\/p>\n

This allows companies to access funds as soon as invoices are issued or payables are due, helping to avoid the common 60 to 90 day cash flow delays.<\/p>\n

\"Jon
Jon Santillan<\/figcaption><\/figure>\n
\n

\u201cMost SMEs don\u2019t fail because they lack revenue, they fail because their cash is locked up,\u201d<\/p>\n<\/blockquote>\n

said Jon Santillan, Co-Founder and Chief Executive Officer of OCTA.<\/p>\n

\n

\u201cOur partnership with Sukna Fund allows us to bring financing directly into the heart of daily operations, where businesses need it most.\u201d<\/p>\n<\/blockquote>\n

The credit facility is delivered through OCTA\u2019s proprietary platform, which integrates with a company\u2019s existing financial systems.<\/p>\n

Repayments are automated and linked to real-time collections or scheduled payouts, aligning funding with actual cash flow and reducing the operational burden on SMEs.<\/p>\n

Since launching in 2024, OCTA has positioned itself as a contract to cash platform, managing invoicing, payments, collections, and now embedded credit.<\/p>\n

The platform is designed to improve SME liquidity, streamline operations, and reduce reliance on traditional financial institutions.<\/p>\n

 <\/p>\n

Featured image credit: OCTA<\/a><\/em><\/p>\n

The post OCTA Secures US$20 Million to Expand SME Financing in Saudi<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

OCTA, a fintech platform based in the UAE, has secured a US$20 million credit facility from the Sukna Fund for Direct Financing (SFDF). The funding will support OCTA\u2019s goal to offer short-term working capital financing directly through its platform, enabling SMEs in Saudi Arabia to access credit more easily. Unlike traditional lending models that require […]<\/p>\n

The post OCTA Secures US$20 Million to Expand SME Financing in Saudi<\/a> appeared first on Fintechnews Middle East<\/a>.<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[289,200,173],"tags":[],"class_list":["post-12707","post","type-post","status-publish","format-standard","hentry","category-octa","category-saudi-arabia","category-saudia-arabia"],"_links":{"self":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/comments?post=12707"}],"version-history":[{"count":2,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12707\/revisions"}],"predecessor-version":[{"id":12739,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/posts\/12707\/revisions\/12739"}],"wp:attachment":[{"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/media?parent=12707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/categories?post=12707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mena-fintech.org\/demo\/wp-json\/wp\/v2\/tags?post=12707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}