3.2 C
Sunday, December 3, 2023
HomeEconomySweden's Treyd Raises $12m

Sweden’s Treyd Raises $12m


Related stories

Dengue is Spreading in Europe: How Worried Should We Be?

The post-COVID travel boom combined with a warm...

Who Voted for WHO?

Toronto, Alaska (16/11 – 50) Our lives are being maneuvered...

Ensuring a Just Europe for All Children

More children are at risk of poverty than...

Europe’s Space Agency Boss Sees Progress on Ariane 6 Launcher

Europe's top space official said on Tuesday there...

There Is a World of Web3 Outside the U.S. and Europe

Upon returning from Token2049 in Singapore, my perceptions...

Treyd, a Swedish startup that provides upfront supplier payments for merchants, has topped up its Series A funding round with an additional $12 million.

The latest funding, which comes on top of $10 million raised last year, was led by Nineyards Equity and joined by Antler, Zenith VC, and J12 Ventures.

Treyd helps SMEs with their cash flow, freeing up capital from the supply chain by letting them sell their goods before paying suppliers.

In the last 18 months, the firm has expanded throughout the Nordics and into the UK. It has provided more than £100 million in upfront supplier payments for over 600 clients.

Peter Beckman, CEO, Treyd, says: “Since launching the ‘sell first, pay suppliers later’ category three years ago, we’ve had an overwhelming response from the brand and retail community.

“Today, we’re helping the growth of hundreds of the most exciting fast-growing SMEs across the UK and Nordics. With this latest investment, we will be able to yet further improve our support of these and many more companies, by fundamentally upgrading our platform and product offering.”

Source : Finextra

Latest stories