FundThrough

lendingsme financingother lending

FOUNDING YEAR: 2014
LOCATION: Canada
Last Update: 17/07/2020

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About

FundThrough is an online lending platform for small business firms to provide advance payments for their outstanding invoices. Through the platform, small business owners get better access to working capital by allowing them to leverage the credit strength of their customers.The company’s technology allows it to approve new clients in minutes and deliver cash quickly with no obligations or long-term commitments.

Focus

PRODUCTS & SERVICES

Invoice financing platform for small & medium fast growing companies.

REVENUE MODEL

The company charges .5% fee per invoice.

MAIN CLIENTS

Small business owners

Agencies

Service providers

EXISTING PARTNERSHIPS

Regus

Traction

VALUATION / MARKET CAP:

$23.24 M in 2016

People

FOUNDERS

Steven Uster

Deepak Ramachandran

BOARD MEMBERS AND ADVISORS

Janet Bannister

NUMBER OF EMPLOYEES

11-50

INVESTORS:

David Mirvish

Hedgewood

Intercap

Klister Credit

OnWave Ventures

Origin Merchant Partners

Real Ventures

Scale UP Ventures

ScaleUp Ventures

KEY EMPLOYEES:

Steven Uster(CEO)

Michal Berman(COO)

Deepak Ramachandran(CTO)

Lorraine Leduc(Director)

Momentum

FUNDED

YES

TOTAL FUNDING

$10.77 M

DATE OF LAST FUNDING

Jun 2018

TOTAL FUNDING COMMENT

The company is planning to use the fund to increase adoption of its automated invoice factoring service and also expanding into the U.S. market (June 2018)

SEED & PRIOR FUNDING

$2.2 M

SEED CLOSED ON

Mar 2015

FUNDING SERIES

SERIES A  · $6.81 M  · Jun 2018

OTHERS  · $1.76 M · Feb 2015

DEBT FUNDING

$18.92 M

LISTED

NO

BASICS

FOUNDING YEAR:

2014

LOCATION:

Canada

Views:

97 VISITORS | 169 VIEWS
LATEST FUNDING ROUND

$10.8 M

TOTAL EMPLOYEES
11-50

About

FundThrough is an online lending platform for small business firms to provide advance payments for their outstanding invoices. Through the platform, small business owners get better access to working capital by allowing them to leverage the credit strength of their customers.The company’s technology allows it to approve new clients in minutes and deliver cash quickly with no obligations or long-term commitments.

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