Proactis, the global spend management and B2B eCommerce company, has secured £20 million in funding from HSBC UK to bring to market new technology to tackle the liquidity squeeze felt by SMEs.
The global eCommerce business says the funding will allow it to roll out proprietary technology that will deliver “frictionless cash flow” between businesses. It both accelerates and incentivises payments, helping SMEs in particular to invest in growth through improved liquidity.