🚀 Exciting News! Quona Invests in OCTA to Transform SME Finance in MENA
We are thrilled to announce our investment in OCTA, a cutting-edge accounts receivable platform revolutionizing how SMEs in the Middle East and North Africa (MENA) manage and collect payments.
Why OCTA?
🕴 Empowering SMEs: OCTA automates collections, integrates seamlessly with existing accounting tools, and offers financing options, enabling businesses to reduce Days Sales Outstanding (DSO) by 30% and save over 20 hours per week on manual tasks.
⏰ Strategic Timing: With the MENA region's fintech landscape rapidly evolving and initiatives like Saudi Arabia’s Vision 2030, OCTA is poised to drive significant impact by aligning with the region’s digital transformation goals.
⭐ Exceptional Leadership: Led by seasoned entrepreneurs Jon Edward Santillan, Nupur Mittal, and Andrey Korchak, the OCTA team brings a wealth of experience in fintech, market expansion, and product development.
This investment marks Quona’s first in the Gulf Cooperation Council (GCC) and underscores our commitment to advancing financial inclusion by supporting innovative fintech solutions.
Read more about our investment and OCTA's mission to reshape B2B payments in MENA in our latest blog post: https://lnkd.in/eRQn44pE
#Fintech #SMEs #MENA #DigitalTransformation #QuonaCapital #OCTA #InvestmentNews
With Ouis Abdessadok, Monica Brand Engel, Johan Bosini, Kofoworola Agbaje, Thomas Mulwa, Jonathan Whittle, ganesh rengaswamy, Yasmine Shama, Shannon Austin, Kristin Sadler, Jenna P.