A coffee roaster in Minnesota is gaining customers across the country. But when a new restaurant places an order, the roaster doesn’t get paid right away. Instead, they begin a slow process of onboarding the restaurant, extending trade credit with payment due in 30 days or more, and navigating a maze of paperwork, references and risk checks. Multiply that across dozens of new customers, and growth starts to feel like strain. More risk. More complexity. Less time to focus on the business itself.

This is how the $5 trillion trade credit market operates: manually and offline.

Trade credit is the most common form of capital allocation across the global goods economy, yet the infrastructure behind it remains fragmented and outdated. While consumer lending is built on centralized bureaus and machine learning models, businesses still rely on instinct, emails and spreadsheets to decide who they can trust. There is no shared system for verifying partners or coordinating trade at scale. The result is slower growth, greater risk and untapped opportunity across the industries that power the world.

Opportunities are everywhere, but the people who recognize them are rare—and Sid Malladi and Rameez Remsudeen are one in a trillion. Sid and Rameez co-founded Nuvo with a goal to solve trade credit, and a vision to build a connective layer for how businesses establish trust, form relationships and grow faster together. 

With Nuvo, businesses create a verified profile that shares critical trust signals with potential partners—licenses, creditworthiness, banking information and trade history—all in one place. That same coffee roaster can now validate new customers, connect with better suppliers, negotiate stronger terms and scale their trade relationships without chasing paperwork or waiting weeks for approvals. Every relationship becomes easier to start, faster to scale and stronger over time.

And as more companies join Nuvo, they bring their buyers and sellers with them. Each connection strengthens the network, making it more powerful and valuable for every participant. It is a dynamic we have seen before in iconic companies like PayPal, Block  and Stripe, where early adoption created lasting flywheels that reshaped entire industries. We believe Nuvo is on a similar path, building the trusted infrastructure that B2B commerce has needed for decades.

Sid and Rameez have approached this problem with the depth, speed and precision that we believe defines enduring companies. They have spent time inside the industries Nuvo serves, from lumber to logistics to fresh produce, understanding how trade relationships are built and where they break. They listen carefully, intentionally evolve the company as it scales, and move quickly. When we discussed a strategy shift to accelerate go-to-market, for example, it was fully executed within two weeks. That discipline and agility are already showing in results. Thousands of businesses are now joining Nuvo every month.

We are proud to partner with Nuvo on this journey by leading their Series A, which will help them grow their team and expand their suite of products. They are tackling an invisible but critical part of the global economy and building the infrastructure that will allow millions of businesses to trade with more trust, more intelligence and fewer barriers.