Gynger provides financing, payment and management services that let businesses finance technology purchases—software, hardware, cloud and infrastructure—via unsecured lines of credit and embedded vendor financing. It uses advanced AI and data analytics to underwrite, automatically detect technology spend and recommend financing opportunities for buyers and sellers. The application process is under 10 minutes, with next-day credit decisions and immediate access to funds once approved; Gynger pays vendors upfront and customers repay later. Gynger generates revenue from interest, loan origination fees, interchange fees from its card program and vendor service fees, and plans to add SaaS/platform fees later this year. The company began selling in Q2 2023 and reports revenue up over 700% year-over-year and a 5x increase in customer base, while declining to disclose hard revenue figures. Gynger was incubated in June 2021 out of m]x[v Capital and is led by founder Mark Ghermezian. Gynger is a New York–based platform that provides capital specifically for software and infrastructure purchases, emerging from stealth with both equity and debt financing. Its core product is an automated underwriting model that offers lines of credit and debt financing so companies can pay SaaS vendors upfront and repay Gynger over time. Customers can elect to pay vendors annually for discounts or spread existing bills over three to 12 months, and Gynger consolidates SaaS expenses into a single monthly payment via a unified dashboard. The company’s decisioning algorithm evaluates cash, burn rate and revenue to determine eligibility and does not require companies to have revenue. Gynger says it has financed contracts ranging from $1,000 to $1 million with vendors including Airtable, Google Cloud Platform, Amazon Web Services, Slack and Zoom. The 13-person company declined to disclose revenue but described its cash flow as “super healthy.”

Total raised

$142M

Funding rounds

4

Latest round

Series A

Latest activity

Jun 2024