# Slope Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/slope-tech

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.slopepay.com
- Total disclosed funding: $62M
- Latest round: Series A (Sep 27, 2023)
- Investors on record: 7

## About

Based in the US, Slope Tech, Inc. provides innovative financial solutions through a B2B workflow automation platform, enhancing operational capabilities for businesses by streamlining credit processes and onboarding.Slope Tech, Inc., founded in 2021 and headquartered in San Francisco, US, offers a specialized platform for B2B financial automation. Founded by Lawrence Murata, the company has successfully raised USD 30.00 mn in its Series A funding round led by Union Square Ventures on July 17, 2024, marking its fifth deal. The latest funding round was part of a total raised amount of USD 30.00 mn which values the company at approximately USD 152.70 mn.Slope offers a comprehensive B2B workflow automation platform designed to streamline manual onboarding and credit processes for businesses. Their core product is a line of credit solution that provides instant financing to business customers, allowing them to access working capital with low annual percentage rates (APRs). This financing can be utilized for various purposes, including making purchases on net terms, financing installments, or drawing funds into business bank accounts to support inventory purchases. The platform incorporates AI-powered credit management software that automates onboarding, credit reviews, collections, and monitoring, enabling clients to onboard customers and approve credit at scale efficiently. Slope's client base includes businesses in diverse sectors seeking to enhance their financial operations, primarily targeting markets in North America and Europe.Slope generates revenue through transaction fees associated with the lines of credit provided to businesses. The structure typically involves B2B transactions where clients apply for credit, which is then approved based on automated assessments. Businesses using Slope’s services can leverage the line of credit to make purchases, which enhances their cash flow and operational capacity. The revenue model includes potential fees associated with risk assessment and the terms under which credit is extended. Key offerings include their flagship line of credit solution, which is central to their revenue generation strategy, structured around the risk profile and financial history of the client.In July 2024, Slope Tech, Inc. raised an undisclosed amount of venture debt funding from J.P. Morgan, as part of a larger USD 65 mn equity and venture debt funding round. The company intends to utilize this funding to accelerate its business operations. Future initiatives include the design and launch of new products aimed at enhancing their service offerings, along with plans to expand into additional markets beyond North America and Europe by the end of 2025.

## Funding rounds

- Series A, Sep 27, 2023, $30M — Union Square Ventures, Monashees, Y Combinator, Across Capital Partners
- Series A, Apr 15, 2022, $24M — Union Square Ventures, Monashees, Tiger Global Management, Global Founders Capital, FJ Labs
- Seed, Jul 9, 2021, $7.9M — Global Founders Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A
- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A
- Monashees (https://capitalatlas.ai/funds/monashees) — Series A
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series A
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- Across Capital Partners (https://capitalatlas.ai/funds/across-capital-partners) — Series A