OCTA, a UAE-based fintech platform focused on automating financial operations for small and medium-sized enterprises, has secured a $20 million credit facility from the Sukna Fund for Direct Financing (SFDF).
The credit facility will allow OCTA to embed short-term working capital financing directly into its platform. According to the company, this integration enables SMEs to access financing at the point of invoice issuance or when payables are due, without the need for separate loan applications or banking integrations.
OCTA’s platform manages financial operations across invoicing, payments, collections, and embedded credit. The funding mechanism is automated through the platform, with repayments tied to real-time collections or scheduled payouts.
The company was co-founded in 2024 by Jon Santillan, Nupur Mittal, and Andrey Korchak. In October 2024, OCTA raised a $2.25 million pre-seed round co-led by Quona Capital and Sadu Capital, with participation from Sukna Ventures, Plus VC, 500 Global, and other angel investors.
