OCTA Secures $20M Credit Facility from Sukna Fund to Fuel SME Embedded Finance 

UAE-based fintech platform OCTA has raised a $20 million credit facility from the Sukna Fund for Direct Financing (SFDF) to advance its embedded credit offering for small and medium-sized enterprises (SMEs). The deal builds on OCTA’s mission to simplify contract-to-cash operations across the Gulf.

Founded in 2024 by Jon Santillan, Andrey Korchak, and Nupur Mittal, OCTA helps SMEs streamline invoicing, payments, collections, and now—working capital financing—all from a single, AI-powered interface.

Embedded Finance for Real-Time Cash Flow

Unlike traditional lending models, OCTA integrates financing directly into the financial workflows businesses already use. The platform allows SMEs to access short-term credit the moment invoices are generated or expenses come due—bridging the cash flow gaps that often stall growth.

“Our mission is to keep businesses liquid,” said Jon Santillan, Co-Founder and CEO. “This partnership with Sukna Fund means we can offer capital when and where it’s needed—within the core of SME operations.”

OCTA automates repayment through real-time collections or scheduled payouts, syncing cash flow with credit obligations. The system is designed to reduce friction, improve funding speed, and align capital deployment with a company’s operational cycles.

Strategic Backing and Growth

This credit line follows OCTA’s earlier $2.25 million pre-seed round closed in October 2024, co-led by Quona Capital and Sadu Capital, with support from Sukna Ventures, Plus VC, 500 Global, and other strategic investors.

“As an embedded layer for capital delivery, OCTA enables funding to move as fast as business does,” noted Sukhdev Hansra, Head of Asset Management at Sukna Capital. “It’s a powerful model for scaling credit access across underserved markets.”

With this new facility, OCTA is doubling down on its expansion in Saudi Arabia and across the wider GCC region, aiming to become the default financial operations platform for SMEs seeking both efficiency and liquidity.