New fintech platform Ratio emerges from stealth raise of $411 million
Ratio, a fintech startup that combines payments, predictive pricing, funding and cash quote processing into one platform, emerged from stealth with $411 million in funding.
Ratio raised $11 million in venture capital and $400 million in credit facility for client financing.
Investors include Streamlined Ventures, Matterhorn Ventures, 8-Bit Capital, HoneyStone Ventures, among other asset managers and angel investors.
Founded in 2021, Ratio’s platform enables software-as-a-service (SaaS) companies and other recurring revenue businesses to deliver integrated buy-it-now-pay-later (BNPL) services that match the needs of cash from their customers.
“This provides ultimate customer flexibility, while driving supplier sales and giving them immediate access to customer contract value,” says Ratio.
The startup also enables SaaS companies to leverage their recurring revenue streams to unlock new “instant” non-dilutive capital – without having to give up additional equity, dilute control of their business, significantly reduce their products or spending time fundraising.
“We created Ratio to revolutionize the way SaaS and technology companies price, get paid, and fund their growth,” said Ashish Srimal, co-founder and CEO of Ratio.
“We use data, machine learning and finance as tools to unlock this growth lever for our clients. This creates a win-win situation for technology buyers and sellers – buyers benefit from greater flexibility to meet their cash and supply constraints, and sellers have more revenue-accelerating tools,” says Srimal.
Ratio is headquartered in San Mateo, California.