At SixThirty, we invest at the intersection of your health, wealth, property, and privacy. These four pillars are under increasing pressure as technology reshapes how people and businesses expect to be served. Our mission is to back companies that can empower clients to thrive in this environment — and to help them scale by leveraging our corporate LP ecosystem.
That’s why we invested in Daylit (formerly Lendica).
Small Businesses: Big Impact, Big Vulnerability
Small and medium-sized businesses (SMBs) are the backbone of the American economy. They make up 99.9% of all U.S. firms, employ nearly half of the private-sector workforce, and account for ~44% of U.S. GDP . Between 2021 and 2022, SMBs created a net 2.6 million jobs — almost 80% of all new jobs .
And yet, their financial foundation is fragile. The median SMB has just 27 days of cash reserves, according to the JPMorgan Chase Institute . More recent surveys show that nearly a quarter of owners struggle to pay their bills and nearly half have skipped paying themselves because of cash-flow constraints . One slow-paying customer or a single misaligned supplier term can ripple downstream and threaten a business that anchors families, jobs, and communities.
This fragility is a wealth issue, but also a property issue: SMBs represent generational businesses and local institutions that sustain communities.
Daylit’s Approach
Daylit is tackling this challenge head-on with an embedded finance platform designed for SMBs. Its suite of short-term credit products — PayLater, FundNow, Offer Terms, and DrawDown — gives owners the flexibility to manage payables, receivables, and growth capital .
What makes Daylit different is how it reaches borrowers: by embedding directly into the ERP, CRM, and POS systems where SMB operators already spend their time. Instead of a clunky, standalone application, the “Daylit button” shows up inside core workflows. That means fewer barriers for borrowers and smarter underwriting powered by real-time operating data .
This seamless model positions Daylit to become the supply chain finance command center for SMBs — automating collections, optimizing payment terms, and ultimately serving as an AI-powered finance assistant .
Market Opportunity
The need for SMB working capital is massive. The U.S. factoring market is valued at $172 billion and is projected to grow at nearly 10% annually through 2030 . Globally, the market exceeds $4 trillion. And the demand is only accelerating: in FY2024, the U.S. Small Business Administration guaranteed a record $56 billion in loans, the highest level since 2008 .
Daylit has already proven its ability to execute in this market. In its first two years of commercial activity, Daylit has extended millions in short-term credit to tens-of-thousands mission critical SMBs through dozens of channel partners, all while maintaining a default rate well below industry averages.
Why Now — and Why Us
The rebrand from Lendica to Daylit reflects the Company’s evolution: shining “daylight” on one of the most opaque pain points for SMBs — financial operations. It also signals the Company’s future: building AI-powered A/R agents that automate cash flow management at scale .
The round — $110M in equity and credit, led by Companyon Ventures with participation from NextView Ventures, and a credit facility from Viola Credit — underscores the confidence that investors have in Daylit’s model . Our co-investors bring strong operator DNA and deep fintech expertise, while Viola’s facility adds credibility and scale to Daylit’s lending capacity.
For SixThirty, Daylit is also a natural fit with our ecosystem approach. Many of our corporate LPs — banks, insurers, and wealth managers — are grappling with how to better serve SMB clients. Daylit’s embedded model demonstrates how incumbents can deliver personalized, efficient, and scalable financial experiences from the very first interaction.
After all, if a client doesn’t feel understood during the sales and onboarding phase, how can they trust that the relationship will be personalized once they’re inside the institution? Daylit helps close that gap.
Looking Ahead
Daylit is more than a lender — it’s a partner in resilience for the entrepreneurs who keep our economy running. By combining embedded technology with AI-driven insight, Daylit is bringing transparency, speed, and trust to small business finance.
At SixThirty, we’re proud to back Daylit as it builds the tools that SMBs — and the communities they support — need to thrive.
