Motor repair cash flow initiative stalls
Factoring start-up is seeking new backers as investor arm pulls plug on original £1m deal
A factoring start-up called Cashflow4U which provides pre-funding for repairers on insurance repair work is understood to be seeking new backers following the withdrawal of over £1m of funding by a major investor.
The operation, set up just over a year ago, was backed by a Gibraltan-based business and tax adviser firm called Fidecs, which identified investors for the business.
But soon after Cashflow4U began trading a large sum of funding was withdrawn.
Cashflow4U operates like a bank and pays
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