Daylit Raises $110M to Expand AI Working Capital Platform

Daylit, a company focused on simplifying working capital, has announced it has secured $110,000,000 in new funding. This significant capital injection, raised from investors, is intended to fuel the company's strategic growth initiatives. Formerly known as Lendica, Daylit provides an all-in-one working capital platform designed to offer businesses, particularly real economy operators, clear and predictable financial insights. The Boston-based company distinguishes itself by making working capital simple, predictable, and within reach through two core offerings: capital at your fingertips and actionable financial intelligence. Daylit's platform leverages AI agents that analyze business data to evaluate credit risk, identify potential supply chain risks, and uncover new growth opportunities for its clients. This approach helps businesses eliminate guesswork regarding cash flow. The $110 million in funding, secured across both equity and debt, marks a pivotal moment for Daylit. This investment will be strategically deployed to expand the company's existing platform capabilities. A key focus for the capital will also be the development and rollout of new AI agents specifically designed for accounts receivable management, further enhancing the platform's utility for businesses aiming to optimize their financial operations. With this latest funding round, Daylit is positioned to accelerate its mission of transforming how businesses manage their working capital. The company's expansion plans aim to broaden its reach and deliver advanced financial tools, helping more enterprises unlock their future working capital potential and navigate economic complexities with greater predictability.