Proactis secures GBP 20 mln funding from HSBC UK

Friday 1 March 2019 11:45 CET | News

Proactis has secured GBP 20 million in funding from HSBC UK to bring to market new technology to tackle the liquidity squeeze felt by SMEs.

The global ecommerce business says the funding will allow it to roll out proprietary technology that will deliver frictionless cash flow between businesses. It both accelerates and incentivises payments, helping SMEs in particular to invest in growth through improved liquidity.

The technology will also help larger businesses to manage their supply chains, easing the impact on working capital and improving their relationships with suppliers.

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Keywords: Proactis, funding, HSBC UK, ecommerce, payments , working capital
Countries: World