Slope, a fintech company specializing in innovative B2B financial solutions, announced it has raised $65 million in a new funding round.
The investment, led by J.P. Morgan and Notable Capital, brings Slope’s total funding to $252 million, comprising $77 million in equity and $175 million in debt.
As part of this funding round, James Fraser, Global Head of Trade & Working Capital at J.P. Morgan Payments, will join Slope’s board as an observer, according to the announcement.
The company has also secured enterprise partnerships with several of the world’s largest corporations over the past nine months, with plans to disclose these partnerships publicly soon.
Founded in 2021, Slope has maintained a disciplined and lean operational model, prioritizing credit performance, compliance, and risk management.
The leadership team, including the CFO and General Counsel, boasts extensive experience in both the financial services industry and high-growth fintech companies. Slope’s mission is to build a large, enduring business capable of capturing the $125 trillion B2B market opportunity.
Slope’s approach uniquely combines financial expertise with technological innovation. By leveraging its partnership with J.P. Morgan for go-to-market strategies and risk/compliance expertise, Slope aims to provide a consumer-grade experience to its customers. This is reflected in the high and increasing utilization of its products.
The company’s product suite focuses on disrupting manual workflows and providing advanced solutions for B2B checkout, risk assessment, payment reconciliation, and cash management. Slope employs cutting-edge technology, including generative AI, to build customer-centric products that streamline and enhance business operations.
With a team of 24 people, Slope is positioned to significantly impact the B2B financial services market. The latest funding will be used to further drive disciplined growth, foster enterprise partnerships, and continue developing a category-defining business that blends the best of financial and technological capabilities.
Slope’s commitment to innovation and excellence in the fintech space, backed by substantial investment and strategic partnerships, positions the company as a formidable player in the burgeoning B2B economy.
