Settle secures $240m credit facility to scale lending. October 2, 2026 Settle, a platform that helps product businesses manage cash flow and working capital, has obtained a $240m credit facility to expand the financing it can offer and to reach larger customers. The funding comes from an unnamed major international financial institution and an asset manager based in New York. Settle says the facility substantially increases its overall lending capacity, so it can support larger companies and launch financing options that conventional lenders have historically not offered. This is the latest in a run of institutional backing for the company, and it reflects Settle's expanding platform and growing credit history. In 2022, Settle closed a $280m revolving credit facility co-led by Citibank and Atalaya. A year later, it obtained a $145m facility from Silicon Valley Bank. The company has now originated more than $4bn in total, which makes it one of the most active and trusted providers of working capital to product businesses in the US. Settle built its platform specifically for companies that sell products. Its combined toolkit covers bill payment, accounts payable automation, invoice tracking and flexible working capital financing, so brands can control their payables and get the funding they need to expand. The company says it has helped thousands of US businesses access growth capital. Settle's investors include Ribbit Capital, Kleiner Perkins, Caffeinated Capital, Stripes, Founders Fund, SciFi Ventures, Citi Ventures and Activant Capital. Settle CEO and co-founder Alek Koenig said, "This is a huge win, not only for the larger accounts we support, but for the SMB space as well. We continue to see small and medium-sized businesses being overlooked by traditional capital markets, and that is exactly the problem we set out to solve. This facility strengthens our ability to serve businesses at every stage of their growth and unlocks financing solutions that these businesses simply cannot find anywhere else today." Enjoying the stories? Investors. The following investor(s) were tagged in this article.

SETTLE secures $240 million credit facility from leading international financial institution and nyc asset manager. Oct 01, 2026, 12:19 ET New Financing Adds to Settle's Broader Lending Capacity, Enabling the Company to Serve Larger Businesses and Deliver Products Not Previously Available in the Market NEW YORK, Oct. 1, 2026 /PRNewswire/ - Settle, the leading cash flow management and working capital platform for product businesses, today announced it has secured a $240 million credit facility from a leading international financial institution and New York asset manager. The new facility adds meaningfully to Settle's broader lending capacity, enabling the company to serve larger businesses and deliver financing solutions that traditional lenders have long failed to provide. The facility is the latest in a series of institutional commitments that underscore Settle's growing credit track record and expanding platform. The company previously closed a $280 million revolving credit facility co-led by Citibank and Atalaya in 2022, and a $145 million credit facility from Silicon Valley Bank in 2023. With total originations passing $4 billion, Settle has established itself as one of the most active and trusted working capital providers for product businesses in the United States. "This is a huge win, not only for the larger accounts we support, but for the SMB space as well," said Alek Koenig, CEO and co-founder of Settle. "We continue to see small and medium-sized businesses being overlooked by traditional capital markets, and that is exactly the problem we set out to solve. This facility strengthens our ability to serve businesses at every stage of their growth and unlocks financing solutions that these businesses simply cannot find anywhere else today." ABOUT SETTLE Settle is a cash flow management and working capital platform purpose-built for product businesses. The company's integrated suite, including bill pay, AP automation, invoice tracking, and flexible working capital financing, gives brands the tools to manage their payables and access the capital they need to grow. With total originations exceeding $4 billion, Settle has helped thousands of businesses across the United States unlock the capital they need to scale. Settle is backed by leading investors including Ribbit Capital, Kleiner Perkins, Caffeinated Capital, Stripes, Founders Fund, SciFi Ventures, Citi Ventures, and Activant Capital. Learn more at settle.com. MEDIA CONTACT SOURCE Settle Inc.