B2B payment platform Slope has secured $30M venture round led by Union Square Ventures, with major participation from OpenAI’s Sam Altman, bringing its combined equity and debt funding to $187 million.
The startup, co-founded by Lawrence Lin Murata and Alice Deng, was launched in 2021 with the aim to bring simplicity and flexibility to B2B payments. It started off by addressing cashflow issues that businesses face. The company leverages generative AI to offer products around payments, embedded financing, AR automation and credit risk management.
The fintech recently launched its payments risk model powered by GPT.
The company’s co-founder and CEO Murata, in a blog, wrote that the new and previous funds will “enable us to continue playing on the offense, conquering opportunities when incumbents and competitors are on the defense. As we continue to scale and build out our product, go-to-market, and operations, we’d love to share this journey with others.”
He believes that the company is positioned to win the opportunity to digitize the $125T B2B economy. The company secured its $24M Series A within the first six months of its inception.
