UK - YFM backs TBiConnect with £330,000
YFM Group has invested ТЃ330,000 from its South West Ventures Fund into business-to-business eCommerce service TBiConnect.
TBiConnect manages a web-based system which enables the fully automated, secure exchange of electronic transaction documents between supplier and customer. The system will replace paperwork systems, making transactions quicker and more secure whilst significantly reducing administration costs. This new injection of capital will be used to continue the company's organic expansion.
The company has recently appointed David Rogers, former chief executive of Amstrad Plc and Lucent EMEA, as chairman.
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