Inpixon, an indoor positioning analytics company, entered into a receivables and purchase order funding agreement with Payplant and replaced its existing $1.4 million loan to Gemcap.

The Payplant facility will allow increased flexibility in meeting working capital needs by processing a growing amount of commercial and government purchase orders.

“We’re very pleased to welcome Payplant as a finance partner going forward, as Inpixon strengthens its Indoor Positioning Analytics solutions to deliver IoT and wireless device security, customer insight and business intelligence to all indoor premises,” said Nadir Ali, Inpixon CEO. “After separating and refocusing the operations of the company into Value-Added Reseller and Inpixon Product units, raising $6 million to mostly repay debts, we are excited to establish partnership with Payplant who share our long-term vision of the company and the market.”

“Inpixon is an emerging leader in a very lucrative market of Indoor Positioning with a respectable customer base and we are happy to support its growth mission,” said Neerav Berry, Payplant CEO and co-founder. “Inpixon fits our objective of providing creative financing solutions to businesses with innovative technology and strong management teams.”

Payplant provides growth financing for entrepreneurs, by entrepreneurs. Payplant helps businesses with PO and invoice financing, asset-based lending, term loans and customer financing products.