Tola’s Post

View organization page for Tola, graphic

3,005 followers

We're excited to announce our $10.2m seed round led by Sequoia Capital! We started building Tola in 2022 to solve the the biggest problem all SMBs face - cash flow. Tola combines accounts payables, receivables, cash flow insights and working capital to give SMBs full flexibility on when and how they want to pay and get paid. We’ve learned a lot along the way, onboarded hundreds of SMBs in the US, processed tens of millions of transactions and financed millions in Pay later transactions of our customers, but there is still a long journey ahead. We believe that SMBs manage too many clunky tools, complex processes and deal with too much paperwork to just get by. On top of that, JP Morgan Chase study on small businesses estimated that 50% had fewer than 15 buffer days, so a three-week delayed payment or unexpected expense could be extremely damaging. Read more about the announcement in the Axios exclusive (in the comments). 👇

  • No alternative text description for this image
Michele Mattei

Fintech expert | Manager | Investor | Advisor

1mo

Congrats guys!

Arnon Shimoni

Billing Wizard 🧙♂️ - Monetization strategy for AI agents, billing systems, pricing.

1mo

That is a phenomenal seed round! Congrats Alen Cvisic and Guillaume Simard!

Like
Reply
Andreas Brolund

Customer Relationship Management at WOLT. Ex 3shape, Pleo, Planday, SABMiller.

1mo

Congrats!

Like
Reply
Hassam Arif

App Developer | Software Engineer

1mo

Congrats!

Like
Reply
See more comments

To view or add a comment, sign in

Explore topics