essDOCS, the world’s leading enabler of paperless trade for export, shipping and banking, raised a £2M Growth Capital Loan from BOOST&Co. The funds will go towards expanding their reach and product offering.
Alexander Goulandris, CEO of essDOCS says: “We are delighted to work with BOOST&Co as Venture Debt adds more depth to our financing mix. This cash inflow will help us significantly expand our capabilities in 2017.”
Commenting on the transaction, Lance from BOOST&Co says he is thrilled to help essDOCS expand their global reach. “This is a fantastic deal and a great way to end the year.” he says: “essDOCS are transforming the trade industry. We wish them the very best in their quest to transform global trade.”
essDOCS creates solutions for over 4,400 companies in the energy, agriculture, chemicals and minerals markets in 73 countries worldwide. Their flagship solution, CargoDocs provides legally binding paperless documents to importers, exporters, traders, ship operators and banks. This enables them to streamline their working processes and improve collaboration and compliance.