NetNow, a Toronto-based trade credit automation platform, raised $1.8M in Pre-Seed funding.

The round was led by Ripple Ventures, with contributions from Centre Street Partners, Antler, Motivate Venture Capital, and Day One Ventures.

The funds will be leveraged to enhance AI product development, simplifying document processes, data analysis, and generating risk scores.

Founded by Nauman Hafeez, Eli Costea, and Soroush Arghavan, NetNow caters to sectors like lumber, electrical wholesale, HVAC, and general distribution, offering a digital solution to streamline credit applications and approvals.