Led by Dubai’s 1Digi Investment in a Pre-Series A funding round B2B buy now pay later (BNPL) startup Actyv.ai has raised $5 million.

The firm said that the money would allow it to scale and expand globally.
Actyv.ai refers to itself as an enterprise Software-as-a-Service (saas) “low-code no-code platform … used by large enterprises to transform their supply chains and to empower their partners with an intuitive platform and financial products.”

While giving banks qualified small to medium-sized business (SMB) data to extend in B2B buy now, pay later (BNPL) credit programs using its platform, the company helps enterprises by leveraging existing IT systems to access working capital.

“Keeping these in mind, our immediate focus now will be to onboard globally, top-tier talent across R&D, Product Management & Engineering, Sales & Marketing/Business Development and Corporate Development across India (Multi-location), Singapore, London, Dubai and Eastern Europe,” said CEO Raghunath Subramanian.

Tabit says it works to provide small businesses with payment options by integrating a card offering at point of sale, with a platform powered by the Canadian small business financier Merchant Growth.

“Bank loans for small businesses are notoriously hard to get,” said Tabit founder and CEO David Gens. “It is also very difficult for many small businesses to obtain credit from their suppliers. Tabit was created to fix that.”

In a Series B funding round B2B payments firm paymongo raised $31 million that the company said it would use to add BNPL-related services.