5 years ago

Enable Raises $13 Million to Help Distributors Manage Rebates

  • Enable, a U.K

  • startup that helps distributors, manufacturers and retailers manage rebates, has raised $13 million in Series A funding led by Menlo Ventures, with participation from Sierra Ventures

  • Enable's cloud-based platform automates the process of tracking, managing, and optimizing rebates, helping distributors to increase sales and profit, improve cash flow, and strengthen relationships with suppliers

  • The company has on-boarded more than 2,000 trading partners and processed rebates on more than $30 billion in sales.

      • ProblemFinancial Services

      "Distributors, manufacturers and retailers waste time and money on managing rebates, a common industry practice, due to complexity and lack of software designed for them."

      Solution

      "Enable, a cloud-based rebate management solution, digitises the rebate process, providing a platform for manufacturers and distributors to manage rebates, track deals, and identify opportunities for improvement, making it easier for distributors to turn a profit and strengthen relationships with suppliers."

      Covered on