Launched in 2015, Manchester-based DueCourse’s software technology unlocks the cash tied up in unpaid invoices, giving SMEs control over their cash flow and empowering them to meet their ambitions. 8 out of 10 small businesses who use the cash flow utility go on to regularly use the product; demonstrating that the service is proving very popular with UK SMEs. The business is planning to raise a further Series A round of £10-15 million in funding over the next 10 months to expand its service around the world. Aimed at small businesses who regularly invoice clients, the free software links to a company’s online accounting platform and uses it’s proprietary risk engine to assess which invoices are eligible for a cash advance. Once an advance has been requested, the money reaches the customer’s account in a matter of hours.

https://www.pehub.com/2016/09/uk-fintech-startup-duecourse-grabs-6-25-mln-pounds/