FTrans raises $7,500,000

FTrans Corp., a New York-based company that helps B2B sellers receive a loan against accounts receivables to shorten cash collections, has raised $7.5 million in new VC funding.  Modeled after bank credit card systems, FTRANS (http://www.ftrans.net) enables business-to-business (B2B) sellers to receive a loan against accounts receivables (A/R) to shorten cash collections for less than the cost of accepting a credit card payment or operating an internal credit system. Typically, sellers receive their cash in 24-48 hours after submitting an invoice. FTRANS acts as an interchange and delivers a web-based service that integrates and processes transactions between B2B sellers, buyers, and banks.