CashMe SpA, a Milan, Mantova and Brescia, Italy-based invoice trading platform, raised € 1.5m in equity funding.
Backers were not disclosed.
The company will use the funds to expand its business reach.
Led by Marcello Scalmati, CEO, CashMe provides working capital financing solutions to fund the growth of SMEs. The platform allows SMEs to get funded against outstanding trade receivables leveraging on credit worthiness of their clients, while investors access to a new asset class with fair risk adjusted returns between 8% and 12%.