Invoice financing platform Investly has moved passed the halfway mark of its crowdfunding campaign on Seedrs.
The company has currently raised up to £296,574, which is 59 per cent of its £500,000 goal for the sale. This campaign is being raised at the pre-money valuation of £6.6m and sees Investly offer 7 per cent of its equity in the sale.
Currently, there have been 116 investors to take part in the crowdfund.
Investly is an invoice financing solution which enables European businesses to make their payments across 30 to 180 days. The platform works by a seller sending goods to a buyer and once it has been delivered, the invoice is loaded on the Investly platform for investors to purchase. The debtor then pays the invoice within their time, giving the investor back what they committed and interest.
The company currently has offices in the UK and Estonia, and has helped companies across manufacturing, wholesale, construction, logistics and business services.
Last year, the company formed a partnership with e-invoicing operator Telema, to help provide e-invoicing solutions to Estonian companies.
A selection of invoicing companies have already received funding this year, with management solution developer Marketron being acquired by Diversis, Serent Capital bagging a minority investment in procure-to-pay automation company BirchStreet Systems and expense reporting and invoice management provider Chrome River netting a $35m round.
The invoicing sub-sector of infrastructure and enterprise software was dominated by the North American market last year, with the region accounting for 98 pre cent of capital deployed.
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