Invoice Traders ‘Platform Black’ Receive Funding from FSE Business Angel Investor Network

8 May 2012

Winchester-based invoice trading company Platform Black have received equity funding from Business Angels in the Investor Network managed by the FSE Group in order to scale the business.

Platform Black offer an easy to use, auction-based online invoice trading service that allows SMEs to release funds tied up in their invoices thereby generating instant finance and improving cashflow. Working with High Street Banks and Asset-Based Lenders, plus less traditional sources of finance such as Liquidity Funds, Family Offices and High Net Worth individuals, sellers using Platform Black have access to a diverse range of buyers, all competing to win their auctions, by offering them the most favourable terms.

The FSE Group is uniquely an FSA–authorised fund management organisation and a Community Interest Company (C.I.C.) whose mission is to deliver growth funding and support to businesses including social enterprises and community based projects. The FSE Business Angel Investor Network matches high net worth individuals with innovative entrepreneurs looking for growth equity funding.

Sally Goodsell, CEO of the FSE Group comments: “Platform Black delivers competitively priced instant finance solutions in a transparent and accessible fashion and we are very confident in the growth plan of the business. This is one of the larger deals completed in our network over the past few months. Activity is at an all time high and we are always looking for new investors to join our vibrant community and growth companies who require funding to expand.”

Christopher Shaw, CEO of Platform Black added, “We are delighted that the business angels have committed to funding more expansion of the company and will use the investment to continue to rapidly expand the growing number of SMEs that are finding Platform Black to be a genuinely flexible and competitively priced source of working capital.”

For more information about Platform Black, please contact Louise Beaumont

T: 08434 610100

For more information on the FSE Group, please contact Sophie Cook

T: 01276 60851