Vartana, a B2B BNPL solutions provider, has raised USD 20 million in Series B funding led by Activant Capital, with participation from Mayfield and Audacious Ventures. The company's total funding now stands at USD 39 million.

Vartana intends to utilize the funds in growing its headcount and broadening its product offerings across B2B software-embedded hardware, resellers, and other enterprise markets.

Analyst QuickTake: Vartana’s Series B funding comes five months after its Series A funding . Since the company’s emergence from stealth operations in January 2022, it has utilized its funding toward product development, improving its balance sheet, and expanding its business operations.