• FOUNDING YEAR: 2014
    LOCATION:
    Canada
    REGION:
    ON
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Invoice financing platform for small & medium fast growing companies.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Small business owners, Agencies, Service providers
EXISTING PARTNERSHIPS:
Regus

PEOPLE

FOUNDERS:
Steven Uster, Deepak Ramachandran
Board Members and Advisors:
Janet Bannister
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Scale UP Ventures, Intercap, Hedgewood, OnWave Ventures, Klister Credit, Real Ventures, Origin Merchant Partners, David Mirvish
KEY EMPLOYEES:
Steven Uster(CEO), Michal Berman(COO), Deepak Ramachandran(CTO), Lorraine Leduc(Director)

TRACTION

VALUATION / MARKET CAP:
$23.24 MM in 2016

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$15.4 Millions
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 Millions
SEED CLOSED ON:
Mar 2015
FUNDING SERIES:
SERIES A
$13.3 Millions Closed: Jun 2018
DEBT FUNDING:
$45 Millions
LISTED:
NO

LATEST RESEARCH