Bank awards grant to transport load-matching service

LinkedIn +, which operates a consumer-focused online transport load-matching service, has been awarded a £50,000 business growth grant by HSBC.

Over the past three years Shiply has built a network of some 45,000 transport companies and 600,000 users posting more than one million items to move on the site.

The HSBC business growth grant aims to support SMEs that have the potential to stimulate growth. There are two £50,000 overseas trade grants, as well as two £50,000 business growth grants for companies using innovative ideas to grow within the UK.

“Shiply have got a very good business model and impressive plans for growth. I wish them lots of future success,” said Stephen Price, HSBC’s UK head of commercial and business banking.

Shiply managing director Robert Matthams said: “We intend to use the funds to invest further in our product which saves everyday people up to 75 per cent off their delivery costs by matching up with transport companies already making similar trips. We have bold, ambitious goals here at Shiply and we are pleased that the judges at HSBC also recognised the potential in our business for further rapid growth.”

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