Receive Secures Seed Funding to Launch Titanium Boost Mastercard for Small Businesses

Receive Launches Titanium Boost Mastercard



In a significant development within the financial technology sector, Receive, a startup focused on empowering small businesses, has recently emerged from stealth mode and announced the launch of the Titanium Boost Business Mastercard. This innovative card, developed in partnership with Titanium Payments, is aimed at providing real-time revenue access for small and medium-sized businesses (SMBs).

Recently securing a seed funding round of $4 million, led by NextGen Venture Partners (NGVP), Receive has raised a total of $7.1 million to date. This funding will help accelerate their mission to democratize financial access for SMBs that often struggle with outdated financial systems that hinder their growth. Receive has been developed under the leadership of Ariel Blum, a seasoned executive from the fintech industry with prior roles at companies like Melio and American Express.

Blum identified critical gaps in the existing financial infrastructure that has long overlooked the needs of SMBs. Often these businesses face cash flow challenges that stem from delayed payouts and long settlement periods, making their operations inefficient. Research from SCORE indicates that a staggering 82% of small businesses fail due to cash flow issues, highlighting the urgency for solutions that can help them manage their finances better.

To counter these challenges, Receive has introduced what’s referred to as the Earned Revenue Access platform. This platform enables SMBs to quickly and easily access funds they have already earned, without the burdens of interest, credit checks, or the traditional underwriting process. By converting pending sales into actionable cash flow, Receive allows businesses to reinvest sooner, operate more efficiently, and grow without the looming specter of debt.

The partnership with Titanium Payments is a strategic move designed to enhance their reach into the small business market. With the Titanium Boost Business Mastercard, merchants within Titanium’s network can convert pending settlements into immediate spending power. This empowers them to manage their cash flows on their own terms, enhancing flexibility and operational efficiency.

Blum explains the real-world impact of such a tool: “From e-commerce to Main Street, cash flow is a universal challenge that limits growth. We recently assisted a local mechanic who was unable to scale his business effectively because he was waiting on funds to finalize purchases for parts that he needed for upcoming jobs. Delays linked to settlements can severely disrupt business operations.”

Alongside introducing the new card, Receive has also launched the SmartPay Calendar. This self-driving repayment tool aims to turn cash flow from a burden into a competitive advantage. Merchants are given the autonomy to choose when to repay the funds, and there’s an option to earn more spending power if they pay back early.

Receive is indeed setting a new standard in financial management for small businesses. With their innovative Earned Revenue Access platform, they strive to help SMBs grow faster, work smarter, and maintain control over their cash flow.

For more information about Receive and its offerings, you can visit their website at www.nowreceive.com.

About Receive


Receive is a U.S.-based fintech company that is reimagining cash flow management for small and medium enterprises. The firm aims to provide real-time access to revenue, thereby allowing SMBs to operate with enhanced agility and flexibility, and to achieve greater financial control.

Topics Financial Services & Investing)

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