Muse Finance, a bespoke finance provider for small, medium and growing businesses, has closed a 拢17 million debt facility to grow in the UK and launch in the US.
The London company鈥檚 solutions combine supply finance and invoice finance to help businesses pay overseas suppliers while unlocking cash tied up in their pending business invoices.
They have been used by almost 5,000 customers in the UK, supplying finance for over 36,000 invoices.聽
Muse says it now has access to 拢74m, having previously raised 拢64m for UK and European corporates from RiverRock and Prime 5 Finance Limited.聽
The new debt facility comes ahead of Muse鈥檚 upcoming Series A round, which is planned for early 2023.聽
鈥淩ight now there鈥檚 unprecedented pressure on businesses across the globe, particularly when it comes to cash flow management,鈥� said Ann Marie Juliano, founder and CEO.聽
鈥淲e鈥檙e specifically built to help businesses that need fast access to funds to continue to grow – and with this facility we鈥檒l be able to do even more to ensure small, ambitious businesses have the access to working capital that they need.鈥�