invoice-financing
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Monkey’s R$200 Billion Trick: Make Banks Bid Against Each Other
The Brazilian fintech found a simple way to loosen a stubborn credit market: put approved invoices in front of many funders and let the lowest rate win. Now its infrastructure is moving from supply chains into cards, white-label banking and Brazil’s new digital-duplicata system.
Flow48
Flow48 is a Dubai-based fintech that gives small and medium businesses in emerging markets fast access to working capital by turning their future revenue and unpaid invoices into upfront cash. Founded in 2022 by serial entrepreneur Idriss Al Rifai, the company uses a proprietary, data-driven underwriting engine to approve non-dilutive, collateral-free financing of up to $20 million, typically disbursing funds within 24 to 48 hours. Operating across the UAE and South Africa with expansion into Saudi Arabia, Flow48 raised a $69 million Series A in February 2025 to close the SME funding gap that traditional banks leave open.
Incomlend
Incomlend is a Singapore-based global invoice financing marketplace that connects SMEs, exporters and importers with institutional investors, letting businesses convert unpaid trade invoices into cash - often within 48 hours and for up to 90% of invoice value - without traditional collateral. Founded in 2016 by Morgan Terigi and Dimitri Kouchnirenko, the platform lets investors 'cherry-pick' individual cross-border receivables, and has financed more than USD 1 billion in trades across 50+ countries and 20+ industries.
MonetaGo
MonetaGo builds digital public infrastructure for trade and finance, best known for its Secure Financing system that detects duplicate financing fraud without exposing sensitive data. By turning trade documents into cryptographic digital fingerprints and checking them against a global registry inside a confidential computing environment, MonetaGo lets banks, TReDS exchanges and central banks verify that an invoice or bill of lading has not already been financed elsewhere - preserving privacy while closing a major gap in trade finance risk.
Ralali.com - B2B Marketplace
Ralali.com is Indonesia's pioneering online B2B marketplace, founded in 2013 by Joseph Aditya to help micro, small and medium enterprises (MSMEs) source products and grow. What began as a marketplace for industrial and MRO supplies has expanded into the Ralali Group B2B ecosystem - connecting more than 1.5 million users to suppliers across multiple industries and layering on financing, agent sales, go-to-market, calibration and waste-management services. The company has raised roughly $35-37M across six rounds through Series D and reports over US$850 million in cumulative transaction value.
Watermelon Ecosystem
Watermelon Ecosystem is a Dubai-based B2B platform for the food and beverage industry that connects restaurants, hotels, cafes and caterers with local and global suppliers. Founded in 2020 by former restaurateur Omar AlShamsi, it bundles a supplier marketplace, cloud POS, analytics and embedded financing into one system so F&B operators can consolidate ordering, cut purchasing time and paperwork, manage inventory and access working capital. The company raised a $4 million Series A in 2024 at a $29 million post-money valuation.
BlueTape
BlueTape is a payments and financing platform built for the construction industry. It gives material suppliers, manufacturers, dealers and contractors the tools larger firms take for granted - trade credit, net terms up to 120 days, buy-now-pay-later for building materials, automated accounts receivable, factoring, early-payment programs and lines of credit. The goal is simple: help small and midsize construction businesses get paid faster, sell more, and finance the materials they need without the paperwork and cash-flow crunch that has long defined the trade.