Adevinta Ventures Invests in the French Fintech, Aria

Adevinta Ventures, the investment arm of Adevinta, has taken a stake in French fintech startup Aria—a buy now, pay later invoicing API for B2B.

Adevinta Ventures has invested in the Series A funding round alongside 13books Capital, Ankaa Ventures, Otium Capital and other angel investors.

The total amount raised was €14M, but Adevinta Ventures doesn't specify how much its stake is worth.

"How can processing payments still take 90 days in this economy ?" asks Aria.

Aria's fintech proposition is a deferred payment infrastructure that embeds into platforms—Aria will pay a vendor's invoice instantly on your behalf, and then let you repay the amount in a timeframe that suits you.

Stefan Grabmann, Principal at Adevinta Ventures, said:

"Aria has developed a powerful solution enabling businesses and freelancers to receive payments on their own terms. We believe that the future of B2B marketplaces is fintech-enabled, and Aria is spearheading this transformation across Europe."

Clément Carrier, CEO and co-founder of Aria, said:

"We have solved a big problem for freelancers and the platform economy but we have seen, first-hand, that businesses face a big bottleneck when it comes to payments.

"Aria replaces the outdated method of B2B payments with an online experience that closely resembles B2C. We want to modernise wide-ranging aspects of how B2B commerce is conducted in the digital age. We are delighted to welcome Adevinta Ventures as a new investor as we embark on the next phase of our growth."