Improve Cash Flow Access for SMBs

After a successful spell in stealth mode, a U.S.-based financial technology company that focuses on improving cash flow access for small and medium-sized businesses (SMBs) has formally launched. The startup wants to provide SMBs with cutting-edge financial tools that will facilitate cash flow, unleash working capital, and support long-term growth.

The business announced that NGVP has led a $4 million seed investment round in which investors Blank Ventures, Verissimo Ventures, Insight Partners, Corner Ventures, and Clocktower Technology Ventures have participated. With additional debt financing included, Receive’s total funding now stands at $7.1 million.

In collaboration with Titanium Payments, Receive has introduced the Titanium Boost Business Mastercard® using the additional funding. The card converts postponed settlements into useful revenue by providing Titanium’s SMB network with instant access to funds from outstanding transactions.

In addition to the card launch, Receive has unveiled the SmartPay Calendar, an autonomous repayment tool that provides merchants with incentives for early return and allows them to decide when to repay borrowed sums.