Atlanta-based Financial Services Firm Raises $7.5M

ATLANTA — FTrans Corp., a provider of loans to businesses based on accounts receivables, has closed on $7.5 million in financing.

Leading the round were Greenville SAVP along with existing investors Total technology Ventures and New Atlantic Ventures. Greenville SAVP invested $2.5 million.

Brian Hirsch, managing director of Greenville SAVP, will join the FTrans board as part of the investment deal.

FTrans helps businesses meet cash flow needs with services that link business-to-business sellers, buyers and banks.

Synovus, a $33 billion financial services company, is an FTrans customer.

"FTrans is changing the way in which small businesses access working capital and is empowering banks to reach the small to medium business sector more effectively," Hirsch said in a statement. "This is an enormous market opportunity and we are excited to back a world-class team."