Ontik builds an AI-powered platform that automates the order-to-cash cycle for B2B wholesalers, including issuing credit terms, chasing payments, resolving disputes, and syncing with ERP systems. The company is starting in the UK building materials sector, a £100 billion market, and targets industries where back-office processes remain manual. Its software integrates with ERPs such as Merlin, Unleashed, and Intact to enable fast deployment across multi-branch wholesalers without disrupting operations. Ontik says its platform can reduce time spent chasing payments by over 60%, accelerate cash collection by more than 30%, and cut card fees by 25% while also decreasing disputes. Over the past year the startup has launched in 30 branches with merchants including GH Brooks, AW Lumb, FORT, and Collier & Catchpole. The product is positioned as a vertical fintech bringing modern infrastructure to offline businesses and aims to scale across similar manual-heavy wholesale sectors.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

May 2025