Australian invoice finance platform, Marmalade, has successfully raised AU$16m in a new funding round led by Blue Stamp Company.
The new capital will be used for driving customer growth and further development of its working capital offerings for SMEs.
According to Marmalade, a leading cause of small business failure are cash flow issues – particularly those due to delayed or non-payment of invoices. Marmalade’s invoice payment solution offers SMEs the ability to get immediate liquidity based on their invoices.
