Obillex, a Poole and London, UK-based early payments finance tech startup, raised £3m in funding.
The round was led by Dawn Capital with participation from MMC Ventures. In conjunction with the funding, Josh Bell, a partner at Dawn Capital, joined Obillex’ board of directors.
The company intends to use the funds to accelerate product development and roll-out in the UK.
Led by Alan Morgan, Chairman, and Damian Crowe, founder, Obillex provides a supply chain finance technology platform which enables bank and non-bank investors to settle supplier invoices. Suitable for businesses of all sizes across both public and private sector, the patented solution works by linking multiple participants to supply chain finance transactions.