• UAE-based fintech Octa has raised $20 million in a credit facility from Sukna Fund for Direct Financing (SFDF).
• Co-founded by Jon Santillan, Andrey Korchak, and Nupur Mittal in 2024, OCTA automates financial operations for SMEs — covering invoicing, payments, collections, and now embedded credit. 
• The new funding will accelerate OCTA’s mission to become a foundational layer for contract-to-cash automation in Saudi Arabia and the wider region.
• In October 2024, OCTA closed a $2.25 million pre-Seed round, co-led by Quona Capital and Sadu Capital, with participation from Sukna Ventures, Plus VC, 500 Global, and other angel investors.

Press release:

OCTA, a UAE-based fintech platform streamlining financial operations for SMEs, has announced the closing of a $20 million credit facility from the Sukna Fund for Direct Financing (SFDF). The funding will enable OCTA to embed short-term working capital financing directly into its platform, offering seamless credit access to small and medium-sized enterprises across the Kingdom.

Unlike traditional lending processes that require separate applications and banking integrations, OCTA automates financing from within businesses' existing invoicing and payments workflows. The platform empowers companies to access funds the moment invoices are issued or payables come due, eliminating the typical 60-to-90-day cash flow gap that hampers growth.

“Most SMEs don’t fail because they lack revenue — they fail because their cash is locked up,” said Jon Santillan, Co-Founder and CEO of OCTA. “Our partnership with Sukna Fund allows us to bring financing directly into the heart of daily operations, where businesses need it most.”

The credit is delivered through OCTA’s proprietary platform, integrating smoothly with a company’s financial operations stack. Repayments are automated and tied to real-time collections or scheduled payouts, aligning funding with actual cash flow and reducing the operational burden on SMEs.

“We’ve built the financial operations layer that automates how money moves,” said Nupur Mittal, Co-Founder of OCTA. “With this facility, we’re now also automating how it gets funded.”

Sukhdev Hansra, Head of Asset Management at Sukna Capital, added: “OCTA gives us an embedded distribution layer where capital can move instantly, transparently, and in sync with the operations of real businesses.”

Since its launch in 2024, OCTA has established itself as a full-stack contract-to-cash platform — managing invoicing, payments, collections, and now embedded credit. The platform is designed to maximise SME liquidity, improve operational efficiency, and reduce reliance on traditional financial institutions.