Manchester fintech startup DueCourse to realise ‘ambitious’ growth plans through Upscale 2017

Cloud-based invoice financing service provider DueCourse has been chosen to join Tech City UK’s 2017 Upscale programme.

The Manchester-based startup, which is one of only 33 enterprises selected, is hoping to use the the accelerator to increase its presence on the UK’s growing fintech scene.

In September last year, DueCourse secured £6.25m of investment from several high-profile backers, including the chief exec of property website Zoopla and the co-founder of entertainment media business LoveFilm.

Paul Haydock, DueCourse’s CEO and co-founder, said: “To have been selected to join Upscale 2017 verifies our ambitious vision of growth, and will enable us to maximise upon our most recent investment.

“Our expectations for the business are incredibly high, so to benefit from the wisdom of some of the industry’s most significant players will undoubtedly propel our scale-up goals.”

He continued: “We’ve already enjoyed rapid growth since our launch two years ago, thanks in part, to the confidence investors have placed in the unique service we offer businesses, including SMEs and accountancies.

“Being recognised by Upscale means the country’s leading tech experts now also share our vision and belief in the DueCourse proposition.”

Founded in 2015, DueCourse offers lending options to SMEs based on their pending invoice payments.

Tech City UK chief exec Gerard Grech commented: “One of the objectives of Tech City UK is to accelerate the growth of the country’s digital and tech sector.

“The companies that join our Upscale programme have already overcome significant hurdles and have the makings of brilliant businesses.”

Tech City UK’s six-month Upscale programme is aimed at helping early stage startups embark on their scaling journey.