{"id":96724,"date":"2024-10-11T00:00:00","date_gmt":"2024-10-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/"},"modified":"2024-10-11T00:00:00","modified_gmt":"2024-10-11T00:00:00","slug":"octa-secures-usd-2-25-mn-in-pre-seed-funding","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/","title":{"rendered":"Octa secures USD 2.25 mn in pre-seed funding"},"content":{"rendered":"

Abu Dhabi-based fintech startup <\/strong>Octa<\/a><\/strong> closed a USD 2.25 mn in pre-see<\/strong>d funding <\/strong>round <\/strong>co-led by US-based Quona Capital<\/a> and Saudi-based Sadu Capital<\/a>, according to a press release (pdf)<\/a>. Sukna Ventures<\/a>, Plus VC<\/a>, 500 Global<\/a>, and angel investors \u2014 including Pawel Iwanow, chief payment Officer at Fresha<\/a>, and Dom Monhardt, director of product design at Tap Payments<\/a> \u2014 also participated in the round. <\/p>\n

About Octa:<\/strong> Founded in early 2024 by Jon Santillan (LinkedIn<\/a>), Nupur Mittal (LinkedIn<\/a>), and Andrey Korchak, Octa automates the payment collection process for small and medium-sized enterprises (SMEs) and provides access to financing tools for debt recovery. The platform has recently expanded into the Saudi market and has facilitated USD 28 mn in receivables for clients, including Careem and Lean Technologies. <\/p>\n","protected":false},"excerpt":{"rendered":"

The funding round was co-led by Quona Capital and Sadu Capital<\/p>\n","protected":false},"author":1,"featured_media":96725,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[7,79,1898,78],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96724","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam-uae","tag-fintech","tag-octa","tag-startup-watch","wpautop","entry"],"acf":{"mongo_id":"ff9aa41e-5b23-4db0-8138-a88af4e5a1b0","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/901.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Octa secures USD 2.25 mn in pre-seed funding","related_issue":[96706],"teaser":"The funding round was co-led by Quona Capital and Sadu Capital","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.38473a43-a924-4759-8cf2-11454f8461f1.mp3"},"yoast_head":"\nOcta secures USD 2.25 mn in pre-seed funding - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Octa secures USD 2.25 mn in pre-seed funding\" \/>\n<meta property=\"og:description\" content=\"The funding round was co-led by Quona Capital and Sadu Capital\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-11T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/901.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Octa secures USD 2.25 mn in pre-seed funding\",\"datePublished\":\"2024-10-11T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/\"},\"wordCount\":126,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/901.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM UAE\",\"fintech\",\"Octa\",\"STARTUP WATCH\"],\"articleSection\":[\"STARTUP WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/10\/11\/octa-secures-usd-2-25-mn-in-pre-seed-funding\/\",\"name\":\"Octa secures USD 2.25 mn in pre-seed funding - 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