e-Bate, a Leicester, UK-based developer of rebate and pricing platform a software as a service (SaaS) platform to allow companies to manage rebate and pricing schemes, secured £950k in funding.
Backers included Mercia Asset Management, the MEIF Proof of Concept & Early Stage Fund, which is managed by Mercia and part of the Midlands Engine Investment Fund, and private investors.
The company intends to use the funds to expand their sales and marketing activities and roll out e-BateÒ to a wider audience, creating a number of new jobs at their office in Leicester.
Co-founded by Leanne Bonner-Cooke MBE and Colette Wyatt, e-Bate provides a software as a service (SaaS) platform to allow companies to manage rebate and pricing schemes. It is designed for buyers or suppliers which either pay or receive rebates, commissions, bonuses or incentive schemes, in particular those in the pharmaceuticals, manufacturing, consumer goods and construction industries.