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Accelerated Payments reaches EUR 210 mln in funding

Thursday 24 September 2020 12:22 CET | News

SME funding provider Accelerated Payments has reached EUR 210 million worth of invoice financing as it celebrates its third anniversary.  

The milestone comes as the European fintech triples its work force and extends its global reach, with plans to further expand into America from its Toronto base in 2021. Founded in 2017 by entrepreneurs with experience in financial services, Accelerated Payments addresses the problem of cash flow for businesses through an individual invoice financing service, according to the official press release. 

Companies decide which invoices to fund by using a client portal that allows businesses to upload and select invoices for funding. Once approved, payment is advanced usually within 24 hours. Another ability provided by the company’s services is to support SMEs trading internationally. Accelerated Payments works on a global basis and can therefore fund exporters that invoice worldwide.

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Keywords: Accelerated Payments, funding, Europe, SME, SME funding, invoice financing, invoices, fintech, America, Toronto, financial services, entrepreneurs, cash flow, invoice financing service, client portal, payments, SMEs trading, exporters, worldwide invoicing
Categories: Banking & Fintech | E-invoicing, SCF & E-procurement
Countries: Europe
This article is part of category

Banking & Fintech