A Week in My Life: Nicola Weedall, Co-founder, Hydr prolificnorth.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prolificnorth.co.uk Daily Mail and Mail on Sunday newspapers.
by Alistair Hardaker
A Manchester-based fintech has launched with the introduction of a new invoice finance platform.
Hydr (pronounced hi-der) is co-founded by Manchester-based Nicola Weedall, previously founder of Autopaid, and Hector Macandrew.
It is targeting small businesses with its platform, which is designed to manage cash flow with digital onboarding, real-time funding decisions and fixed fees. It pays 100% of the value of an invoice within 24 hours, minus a fixed fee.
The start-up is headquartered at the new technology hub at Department Bonded Warehouse in Manchester and is a member of the Enterprise City ‘Exchange’, a programme supporting early-stage tech companies.