TBiConnect
- Portfolio Company: TBiConnect
- Date of Initial Investment: 31 October 2007
- Round of Financing: First Round
- Sector: Electronic document translation and exchange engine
- SWVF Role: Investor
Cheltenham-based TBiConnect Limited, has secured £330,000 venture capital funding from the YFM Group-managed South West Ventures Fund. The investment supports the go-to-market strategy for the TBiConnect business-to-business eCommerce service. TBiConnect is to be chaired by David Rogers, a former chief executive of Amstrad Plc and Lucent EMEA.
TBiConnect unites corporate organisations with their supply chain securely through the internet, allowing the full automation of “Purchase to Pay” processes between suppliers and buyers. TBiConnect controls and manages the exchange of electronic transaction documents (invoices, remittances, purchase orders etc) securely between supplier and customer at very low cost and without changing IT systems at either end. The service replaces business paperwork and automates transactions quickly, simply and securely, reducing administration costs to pence per transaction.
Website: www.tbiconnect.co.uk
