Why We Invested in OneAM

After investing in fintech companies for two decades, we’ve known for a long time that the 300,000 small and midsize suppliers in the United States need a better working capital solution. Payment terms offered by factoring companies are often unfavorable, leading to cash flow challenges and stifling business growth. These suppliers comprise a $4 trillion segment of the U.S. economy, but because technology has not been advanced enough to value fragmented receivables at scale, better payment solutions have been hard to come by – until now.

Ksusha McCormick and Charlotte Ng founded OneAM to solve early pay challenges for small and midsize suppliers. Their platform connects quantitative investors with suppliers who need capital, creating a market for fragmented receivables by turning them into an investable asset class. Ksusha’s background in quantitative finance and risk-pricing blended seamlessly with Charlotte’s expertise in infrastructure and two-sided networks. Together, they had a strong vision for a solution that leverages cutting-edge technology to solve a long-standing inefficiency in B2B commerce, and the experience to make it a reality.

Here’s how it works: once a supplier is onboarded to the OneAM platform, they’ll receive offers from capital providers for all eligible invoices, and can sell as many or as few as they wish to get paid early. By connecting suppliers with offers from multiple capital providers, OneAM’s marketplace structure makes pricing more efficient and increases competition.

To our knowledge, OneAM is among the first companies to apply quantitative modeling techniques, AI, and machine learning to the underwriting and risk management of fragmented receivables. At the core of OneAM’s solution is a sophisticated infrastructure designed for quantitative capital providers, which enables streamlined underwriting at scale – turning a previously opaque asset class into a standardized, investable product. Portfolios generated using OneAM’s origination engine provide highly diversified exposure to both supplier and payor risk.

On the supplier side, OneAM’s early pay platform is transformative, allowing businesses to turn accounts receivable into cash in days, with fairer payment terms. Since OneAM generates revenue by charging capital providers a flat fee to access its origination engine and infrastructure, the company doesn’t benefit from higher-cost financing. There are also no onboarding fees, late fees, or hidden fees for suppliers. All of this adds up to a more equitable payment solution.

We believe OneAM represents the future of working capital for small and midsize suppliers – the backbone of the U.S. economy. Once cash flow is unlocked, businesses have more potential to thrive.

The company is already serving a growing base of small and midsize suppliers in technology, energy, professional services, and media, all of which depend on early pay to accelerate payment cycles and fuel business growth. We are proud to support Ksusha, Charlotte, and the entire team at OneAM as they expand into new verticals and bring early pay access to even more suppliers across the country.