{"id":1199,"date":"2016-09-19T00:00:00","date_gmt":"2016-09-19T00:00:00","guid":{"rendered":"https:\/\/www.techsparx.co.uk\/north\/uncategorized\/manchester-based-fintech-startup-duecourse-raises-6-25m\/"},"modified":"2025-02-28T14:37:40","modified_gmt":"2025-02-28T14:37:40","slug":"manchester-based-fintech-startup-duecourse-raises-6-25m","status":"publish","type":"post","link":"https:\/\/www.techsparx.co.uk\/north\/manchester-based-fintech-startup-duecourse-raises-6-25m\/","title":{"rendered":"Manchester-based FinTech startup DueCourse raises \u00a36.25m"},"content":{"rendered":"<p>DueCourse, a cloud-based invoice financing service for SMEs, has received\u00a0\u00a36.25m in angel funding.<\/p>\n<p>The total investment includes \u00a31.25m equity funding, and \u00a35m of debt for lending to UK SMEs.<\/p>\n<p>Based in Manchester, the firm\u2019s new backers include the founders and investors of Zoopla, LoveFilm,\u00a0TransferWise and LinkedIn.<\/p>\n<p>DueCourse\u2019s free software launched in 2015, and is aimed at small businesses who regularly invoice clients. Linking to a company\u2019s online accounting platform,\u00a0it uses it\u2019s propriety risk engine to assess and\u00a0unlock cash tied up in unpaid invoices.<\/p>\n<p>Paul Haydock, CEO and co-founder of DueCourse, commented: \u201cWe saw the opportunity for a company to disrupt the market and help SMEs get access to the cash they need to fuel their business, in real time.<\/p>\n<p>\u201cThis extended Angel round of investment was actually oversubscribed, which highlights just how much interest there is among investors around our scalable, data-led technology and its application around the world. The funding is a great boost for the company and will help us go from strength to strength as we continue to expand and improve our software.\u201d<\/p>\n<p>The firm says it\u00a0is planning to raise a further Series A round of \u00a310-15m\u00a0over the next 10 months to expand its service around the world.<\/p>\n<p>The post <a href=\"http:\/\/techcitynews.com\/2016\/09\/19\/manchester-based-sme-cloud-based-invoice-financing-service-raises-6-25m\/\" rel=\"nofollow\">Manchester-based FinTech startup DueCourse raises \u00a36.25m<\/a> appeared first on <a href=\"http:\/\/techcitynews.com\/\" rel=\"nofollow\">Tech City News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DueCourse, a cloud-based invoice financing service for SMEs, has received\u00a0\u00a36.25m in angel funding. The total investment includes \u00a31.25m equity funding, and \u00a35m of debt for lending to UK SMEs. Based in Manchester, the firm\u2019s new backers include the founders and investors of Zoopla, LoveFilm,\u00a0TransferWise and LinkedIn. DueCourse\u2019s free software launched in 2015, and is aimed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,19],"tags":[91,106,123],"class_list":["post-1199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-funding","category-innovation","tag-funding","tag-innovation","tag-manchester"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manchester-based FinTech startup DueCourse raises \u00a36.25m - Regional technology news - North - TechSparx - Business technology stories in the North<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.techsparx.co.uk\/north\/manchester-based-fintech-startup-duecourse-raises-6-25m\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manchester-based FinTech startup DueCourse raises \u00a36.25m - Regional technology news - North - TechSparx - Business technology stories in the North\" \/>\n<meta property=\"og:description\" content=\"DueCourse, a cloud-based invoice financing service for SMEs, has received\u00a0\u00a36.25m in angel funding. The total investment includes \u00a31.25m equity funding, and \u00a35m of debt for lending to UK SMEs. Based in Manchester, the firm\u2019s new backers include the founders and investors of Zoopla, LoveFilm,\u00a0TransferWise and LinkedIn. 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