FTrans Raises $7.5 Million
Summary
Historically, regional banks have turned away many potential small to medium business customers because of their inability to loan against A/R of unknown quality from a lack of information on B2B buyers creditworthiness. FTRANS solution addresses this problem and provides financial flexibility in the same manner as banks and credit card systems have done for retail merchants. FTRANS has already deployed its product across Synovus (NYSE: SNV), a financial services holding company with over $33 billion in assets as well as with other banks. Greenhill SAVPs investment in FTRANS illustrates the funds continuing emphasis on backing disruptive financial technology-enabled services companies. Greenhill SAVP leverages its deep domain expertise, a proven investment track-record, and a global corporate network to create significant portfolio value.