Enable International secures £1.4m from Barclays to fund international expansion.
The deal with Barclays will support the business as it scales its operations in San Francisco and grows its team.
Enable International provides cloud-based business-to-business deal management software designed to handle complex rebate systems. The firm counts major manufacturers and distributors across the UK and North America among its user base.
Enable International has secured £1.4m in debt financing from Barclays to support its ongoing international expansion. The firm will direct the capital towards scaling its product, sales, and marketing operations, with particular emphasis on growing its footprint in San Francisco.
The funding arrives as the business experiences sustained growth following the launch of its DealTrack rebate management platform. North America has emerged as the company's fastest growing market, driven by adoption among major distributors and wholesalers.
From the founder
"This funding will provide the support needed to execute the rapid expansion plans we have for the business, as we look to bring our DealTrack software to a wider global market."
Andrew Butt
CEO at Enable International
Investor perspective
"Enable has seen strong year on year growth. I am delighted we have been able to provide the funding to support the next phase of their expansion."
Jim Quantrill
Relationship Director, Barclays
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
- 03Expand into international markets
Investors
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About the company
Enable International
Enable International builds cloud software for managing commercial rebates and trading agreements.