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

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...
FinTech

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...