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

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...