11 years ago

Obillex Raises £3 Million for Supply Chain Finance Platform

  • Obillex, a UK-based early payments finance tech startup, secured £3 million in funding led by Dawn Capital with participation from MMC Ventures

  • The funding will accelerate product development and rollout in the UK

  • Obillex provides a supply chain finance technology platform enabling investors to settle supplier invoices

  • The patented solution connects multiple participants to supply chain finance transactions.

      • ProblemTechnology Infrastructure

      "It takes too long for suppliers to get paid for their invoices. This is a major problem for businesses of all sizes, especially small businesses, as it can lead to cash flow problems and make it difficult to grow."

      Solution

      "Obillex provides a supply chain finance technology platform that enables businesses to get paid faster for their invoices. Obillex's platform connects businesses, suppliers and investors, allowing for faster and more efficient payment processing."

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