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Manchester Fintech Hydr Launches New Invoice Finance Platform to Assist SMEs with Cash Flow Management
Manchester-headquartered Fintech firm
Hydr (pronounced Hi-der) revealed on Monday (May 24, 2021) that it has launched its proprietary invoice finance platform in order to assist small businesses with streamlining their cash flow management.
Co-founded by experienced Fintech industry professionals with extensive knowledge of the challenges that lengthy payment terms and late payments can cause,
Nicola Weedall and
Hector Macandrew are focused on addressing poor payment practices across the United Kingdom.
The negative impact of long payment terms and late payments has been a major issue with over 60% of UK‘s SMEs reporting an increase in the number of late payments or payments being frozen due to challenges related to the COVID outbreak.