Aria, a French B2B deferred payments provider, is expanding its operations into the UK with the aim of resolving the critical issue of late payments that has been plaguing businesses and workers.
Aria was founded in 2019 by former CEO Clément Carrier and COO Vincent Folny with the objective to provide early and deferred payments opportunities to workers and businesses. The company saw immense success in France and Europe, where it grew at a staggering rate of 2000 per cent year on year. This phenomenal growth led them to set up an office in London and recruit Tom Lamb as the head of the UK operations.
Freelancers in the UK, who contribute around £20bn through online platforms, struggle with the consistency of payments. As per the Federation of Small Businesses, nearly 50,000 small businesses shut down every year due to delayed payments. Recognizing this, Aria extends its support to 20,000 freelancers per month, providing early payments for supplier invoices and deferred payment choices via their API.
Aria’s growth shows no signs of slowing down. Since launching its platform in 2021, the fintech company has been growing by 25 per cent every month. In March, it secured £50m in debt from M&G Investments to bolster its growth in the UK and Europe.
As part of its mission to make instant B2B payments the norm for the platform economy, Aria aims to provide solutions that maintain the customer experience and help businesses and freelancers while also changing the way businesses pay and get paid.