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Platform Black
Founded 2012
Headquarters Basingstoke

Platform Black

Platform Black is an online marketplace for invoice trading and supply chain financing ("SCF"). It matches businesses which have invoices to trade with funders seeking to provide funding to UK-based SMEs, without imposing entrance/exit fees and tie-in contracts. The funders compete with each other in a reverse auction process to provide the most competitive rate of financing, while businesses receive an immediate cash advance instead of having to wait a period of time for their invoices to be settled.

(SCF optimises cash flow by allowing a business to lengthen the time in which it pays its suppliers, while at the same time enabling the suppliers to be paid early. A third party pays the supplier, at a small cost to the business and a discount to the supplier.)