• FundThrough

  Participated · Equity · Feb 2015

  FundThrough is a fintech invoice factoring platform that provides invoice financing and related capital solutions to small and medium-sized businesses. It focuses on SMBs that sell to larger companies and need cash flow while awaiting invoice payments, serving sectors including retail, manufacturing, oil and gas, technology, professional services, and food supply and agriculture. FundThrough reports that 85 percent of its funding helps American clients. The acquisition of Ampla expands FundThrough’s digital-first ecosystem by adding working capital, business banking, corporate cards, and analytics capabilities. Ampla has surpassed over $2 billion in loan originations and handled over $5 trillion in transaction volume through its platform. FundThrough plans to use the new capital to pursue further acquisitions, invest in technology and AI, enhance UX, and accelerate product innovation. FundThrough is a Toronto-based fintech focused on small-business working capital. Its platform enables invoicing so small- and medium-sized businesses can get paid instantly and eliminate the wait associated with customer payment terms. Led by Co‑Founder and CEO Steven Uster, the company operates in the invoice-financing / working-capital space. In October 2020 FundThrough received a $50m (C$66m) investment from Northleaf Capital Partners. The firm intends to use the funds to expand its business reach. Stephens Inc. served as exclusive financial advisor on the transaction. FundThrough operates an online invoice-financing platform that lets small businesses convert outstanding invoices into working capital, allowing invoices to be paid within 24 hours. The service is marketed to firms facing large cash-flow gaps as customers delay payments. The company said it has funded $50 million worth of invoices (reported in 2016). FundThrough will use the new financing to develop its technology, increase the volume of businesses it finances, build integrations with platform partners, and accelerate expansion into U.S. markets. The firm launched in 2014 and is headquartered in Toronto. Its mission, per the CEO, is to help business owners control cash flow through modernized factoring. FundThrough operates a technology platform that enables small and growing businesses to eliminate the wait associated with invoice payment terms by funding outstanding invoices almost instantly. The platform connects to business owners' accounting software and bank information to automatically assign a funding limit within a few hours. Once connected, funds arrive in the business owner's bank account within 24 hours. Led by co-founder and CEO Steven Uster, the company focuses on streamlining cash flow for its customers through automated invoice financing. It intends to use proceeds from its recent financing to support expansion plans. Financially, the company secured a $24.3m second round comprising $4.3m of equity and access to $20m in loan capital. FundThrough is a Toronto, Canada–based, technology-driven online lending marketplace that provides lines of credit to growing businesses. The platform matches businesses with financing through a marketplace model. The company launched with $2.2M in funding to build and scale its offering. The seed funding will be used to expand the platform and service more businesses across Canada. FundThrough is led by Co-Founder and CEO Steven Uster, who founded the company with Graham McBride and Deepak Ramachandran.

No current team members are available.