9 years ago

DueCourse Raises £6.25 Million for Invoice Financing Service

  • DueCourse, a cloud-based invoice financing service for SMEs, has raised £6.25 million in new funding

  • Backers include GFC (the venture arm of Rocket Internet), Alex Chesterman (founder and CEO of Zoopla), and Simon Franks (co-founder of Lovefilm, acquired by Amazon)

  • DueCourse allows small businesses using cloud accounting the ability to access the money tied-up in their unpaid invoices whenever they like, in just a few clicks

  • The company plans to raise a Series A round of £10-15 million in the next 10 months to expand its service globally.

      • ProblemFinancial Services

      "Small and medium enterprises (SMEs) often face cash flow issues, especially when waiting for invoices to be paid. This can make it difficult for them to grow and invest in their businesses."

      Solution

      "DueCourse offers a cloud-based invoice financing service that allows SMEs to access cash tied up in their unpaid invoices quickly and easily. The service is integrated with popular cloud accounting software, making it simple to use and access funding within an hour."

      Covered on