New York, October 1, 2026 / PRNewswire / -- Cash flow management and working capital platform for product-oriented enterprises, Settle, announced today that it has obtained a credit line of $240 million from a leading international financial institution and a New York-based asset management company. The company stated that this new line will significantly enhance Settle's lending capacity, enabling it to serve larger enterprises and provide financing solutions that traditional lending institutions have not been able to offer for a long time.
This financing is the latest in a series of institutional commitments recently obtained by Settle, highlighting the company's continuously strengthening credit performance record and its continuously expanding platform. The company previously completed a $280 million revolving credit line in 2022, co-led by Citibank and Atalaya; and in 2023, it received a $145 million credit line from Silicon Valley Bank. With the cumulative loan issuance exceeding $4 billion, Settle has become one of the most active and trusted providers in the area of working capital for product-based companies in the United States.
Settle, Chief Executive Officer and Co-Founder, Alek Koenig, stated: "This is a major victory, not only for the large customers we support but also for the small and medium-sized enterprise (SME) sector. We have consistently seen SMEs being overlooked by traditional capital markets, and that is precisely the issue we set out to address. This credit line enhances our ability to serve businesses at all stages of growth and also provides financing solutions that these enterprises would otherwise not be able to obtain anywhere else."
About Settle
Settle is a platform dedicated to cash flow management and working capital for product-oriented enterprises. The company's integrated product suite includes bill payment, automated accounts payable management, invoice tracking, and flexible working capital financing, helping brands manage their accounts payable and obtain the funds needed for growth. Settle indicates that its cumulative loan initiation volume has exceeded $4 billion, having assisted thousands of businesses across the United States in obtaining the funds required for expansion. Settle's investors include Ribbit Capital, Kleiner Perkins, Caffeinated Capital, Stripes, Founders Fund, SciFi Ventures, Citi Ventures, and Activant Capital, among others.
Media contact: Settle Communications
