B2B lending platform secures £2 million investment
CreditDigital, a B2B lending platform, has secured a £2 million investment from London-based VC fund Fuel Ventures.
The startup offers a lending platform that allows businesses to spread their payment over a year whilst paying the vendor or supplier the full cost upfront. CreditDigital is able to compete with banks on rates and can approve purchases up to £15,000 instantly and up to £250,000 within one working day.
A key part and especially useful element is that the payment platform can be integrated into any B2B e-commerce checkout or existing invoice system, thus helping to streamline the whole process
The funds will be used to expand CreditDigital’s business in the UK and increase the product offering, which will allow greater customer flexibility.
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