UAE – Mubahser: Octa has raised $20 million in a credit facility from Sukna Fund for Direct Financing (SFDF) to embed short-term working capital financing directly into its platform, according to a press release.

The UAE-based fintech platform streamlining financial operations offers seamless credit access to small and medium-sized enterprises (SMEs) across Saudi Arabia and the wider region.

Launched in 2024, the platform is designed to maximize SME liquidity, boost operational efficiency, and lower reliance on traditional financial institutions.

Octa empowers companies to access funds the moment invoices are issued or payables come due, eliminating the 60-to-90-day cash flow gap that hampers growth.

Jon Santillan, Co-Founder and CEO of OCTA, commented: “Most SMEs do not fail because they lack revenue — they fail because their cash is locked up. 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 with a company’s financial operations stack.

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.”