Obillex is an early payments finance startup that matches investors with small businesses to provide early settlement of invoices. The platform allows access to capital to settle invoices early, giving investors a good return on what the article describes as low-risk exposure while buyers receive a small rebate and discount. Founded by Damian Crowe and developed over the past three years, Obillex serves businesses of all sizes across both public and private sectors. The company plans to accelerate this model using new capital. Competitors in the supply-chain finance space include Market Invoice, C2FO, Capital Eight and traditional banks. Josh Bell, a partner at Dawn Capital, joins Obillex’s board of directors.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2014