FTRANS Raises $4M in Venture Funding
Published On May 27, 2010 |
FTRANS Corp., an Atlanta, GA-based provider of accounts receivable and credit management solutions, has raised $4m in venture funding.
Investors include existing venture partners Greenhill SAVP, New Atlantic Ventures and Total Technology Ventures.
The funding will support the company’s expansion and growth efforts.
Founded in 2004, FTRANS manages the entire receivables and collections process enabling businesses to focus on operations and growth. Additionally, by using FTRANS, banks can transform their clients’ accounts receivable into lower risk, highly monitored and lendable collateral and increase business and commercial lending, which can strengthen balance sheets and increase bank profits.