OLTA
Latest round
- Series B
Last raised
- Jun 2023
Total raised
- $4.4M
Investors
- 15
About OLTA
Founded in 2017, OLTA Inc. is a Tokyo-based company that specializes in cloud-based factoring services.OLTA Inc. offers a cloud-based factoring service designed to enhance cash flow for businesses, especially individual entrepreneurs and small to medium-sized enterprises (SMEs). The online platform streamlines the factoring process, allowing transactions to be completed without in-person interactions. OLTA's services require no collateral or personal guarantees and maintain discretion by not notifying the customers involved.OLTA generates revenue from its factoring service by charging a fee based on a percentage of the invoice amount sold, typically ranging from 2% to 9%. For instance, if a small business sells an invoice worth JPY 1 million to OLTA, the company transfers a specified amount to the business while retaining a service fee calculated from the total invoice value. This establishes a B2B transaction model where OLTA collaborates with businesses to provide immediate liquidity without the encumbrance of traditional loans.In June 2023, OLTA Inc. The company plans to utilize these funds for growth investment, financial improvement, and recruitment. Future initiatives include the design and launch of new products, as well as plans for market expansion beyond Japan, targeting various regions. Specific details regarding the timelines for these expansions and new product releases have not been disclosed.
Who invested in OLTA
15 investors across 1 round
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Funding rounds
Series B
Jun 21, 2023
Amount
$4.4M
Investors
Questions about OLTA
Who invested in OLTA?
OLTA has 15 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has OLTA raised?
OLTA has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did OLTA last raise money?
OLTA's most recent round on record is a Series B, in Jun 2023.
What does OLTA do?
OLTA is a financial services company.
Where is OLTA headquartered?
OLTA is headquartered in Tokyo, Japan.
Which VCs invest in companies like OLTA?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at OLTA's stage. Their profiles are linked below.
VCs backing financial services startups at Series B
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