Software provider secures £20m loan to launch new technology
Proactis Holdings, the global spend management and B2B e-commerce solution provider, has secured £20m in funding from HSBC UK to bring to market new technology to help SMEs access working capital.
The Wetherby-based business will use the funding to roll out proprietary technology that will deliver “frictionless cash flow” between businesses.
Proactis said the technology accelerates and incentivises payments, helping SMEs to invest in growth through improved liquidity.
The technology will also help larger businesses man... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...