Cumulus Funding offers equity‑like Income Share Agreements (ISAs) that give customers funds today in exchange for a percentage of future income for a fixed period. Customers can receive between $1.5k and $10k, with returns capped at no more than 10%. The company has provided ISAs to over 500 customers to date. Led by CEO Nathan Popkins and based in Chicago, IL, Cumulus positions its product as a flexible consumer finance alternative. The company plans to use new funding to expand operations into additional states. Recent financing activity improves its capital base to support that expansion. Cumulus Funding is a Chicago-based provider of financial solutions aimed at the “Average American.” Its core product is the proprietary Future Income eXchange® (FIX) contracts, described as “equity-like contracts” where the company invests funds in clients in exchange for a fixed, agreed-upon percentage of the client’s future income for a set period. The company’s products are linked to and vary with clients’ future wages or salary. Cumulus says it intends to use new capital to ramp up marketing and underwriting for its FIX contracts. Founded in 2011 and led by CEO Nathan Popkins, the firm focuses on helping clients advance in their careers or change jobs. The company recently closed an $850K Series A to support these growth activities.

Total raised

$32M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Mar 2016