FinTechFunding

Prolectric Services: Raises £2.75M in Financing

  • Prolectric Services, a UK-based supplier of off-grid renewable energy solutions, raised £2.75m in financing
  • Specialist SME lender Shawbrook Bank provided the financial resources
  • The company intends to use the funds to accelerate growth plans
  • Prolectric Services provides solar lighting, power, and security solutions to some of the largest infrastructure, rail, and construction projects across Britain
  • Prolectric provides a monitoring and control portal to a solid customer base including tier one firms such as Skanska, Balfour Beatty, and Costain Kier
  • The company has also worked closely with the likes of Network Rail, Highways England, and major property developers in the mould of Persimmon and Taylor Wimpey
Previous article
Contis: Hires chief strategy officer
Next article
SEI: Enhances Global Investment Stewardship Strategy
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...
FinTech

Visa Survey Reveals Businesses Ready to Embrace AI in Commerce

Consumer hesitation contrasts with business enthusiasm for AI adoption.Highlights: Visa survey finds 76% of businesses ready to adopt...
FinTech

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...
FinTech

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...