Melbourne based Archa has raised $4m in equity as well as securing a $20m debt facility

Australian fintech funding news and information.

The Valley

The funding will be used to invest more in growth and speed up the companies feature delivery over the next 6-12 months. This will include richer expense management features, a desktop portal and much more.

Commenting on the companies Blog - Founder and CEO Oliver Kidd said:

"We’ve been incredibly fortunate to receive backing from an enviable list of experienced investors and founders, including CEO and Founder of Wisr, Anthony Nantes, Alex Vynokur of Apex Capital and Betashares, Adam Jacobs, Co-Founder of The Iconic and Hatch, and former Macquarie Capital executives John Prendiville and Link Chairman.

The round also included both Founders of Netspace, Stuart Marburg and Richard Preen, and a list of high-profile family offices. We’re super grateful for the backing we’ve received from such a fantastic list.

On the debt side, we’re welcoming Roadnight Capital as our key funding partner, having agreed a $20m institutional debt funding facility to accelerate our growth. We’re so excited to have a partner like Roadnight onboard, given their credentials and strong pedigree working with fintech businesses in Australia."