Treyd, a Swedish startup that provides upfront supplier payments for merchants, has topped up its Series A funding round with an additional US $12m.
The latest funding, which comes on top of US $10m raised last year, was led by Nineyards Equity and joined by Antler, Zenith VC, and J12 Ventures.
Treyd helps SMEs with their cash flow, freeing up capital from the supply chain by letting them sell their goods before paying suppliers.
