The investment, led by Shorooq Partners, will fuel the company’s expansion and platform enhancements.

SETTLE aims to streamline financial operations for businesses by providing real-time insights and automating payment processes.

The funding will enable the company to accelerate its growth in Egypt and expand into global markets.

In a market still dominated by traditional payment methods like paper checks, SETTLE offers a much-needed digital solution.

By integrating with ERP systems, the platform automates payments, receivables, and treasury management, leading to improved financial control and reduced operational errors.

“We’re excited to support SETTLE in their mission to revolutionize B2B payments in Egypt and beyond,” said Tamer Azer, partner at Shorooq Partners. “Their innovative platform has the potential to significantly improve efficiency and transparency for businesses of all sizes.”

With the backing of strategic investors, SETTLE is poised to become a leading player in the B2B payment space.

The company’s focus on automation and data-driven insights aligns with the growing demand for digital financial solutions.