Fundid offers capital and credit products aimed at very small businesses (mostly those with fewer than 10 employees), combining loans via Fundid Capital, a forthcoming business-building card, and financial-literacy and grant-matching tools. The company has worked with over 16,000 businesses and reports that the majority of its customers are enterprises with fewer than 10 employees; its grant-matching product is currently the primary driver of usage. Fundid developed a proprietary underwriting model in partnership with Experian for its business-building card, which is slated to launch in the summer and already has more than 6,000 people on a waitlist. Last May the company launched grant-matching features to connect business owners to grants and programs. Fundid has fewer than 10 full-time employees and plans to use new funding to acquire customers for its loans and card offerings and to hire additional staff. The team emphasizes serving women and minority business owners and smoothing short-term cash needs so small businesses can pursue growth opportunities.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

May 2022