• Kashcade

  Participated · Debt Financing · Apr 2024

  Kashcade has built an online platform to offer R&D lending targeted at companies using the Australian R&D Tax Incentive rebate. Its new R&D Loans product is designed to extend runway, optimise capital efficiency and deliver funding with no dilution. The product promises very fast execution, turning funds around in 48 hours. Prior to the wider launch, Kashcade funded over 30 loans privately and used customer feedback to refine the offering. The company has raised an additional $23 million to bring the R&D lending product onto its online platform. It says the expanded product will support Aussie companies investing in innovation and scale to customers operating globally. Kashcade is a fintech digital lender that provides founders with fast, non-dilutive capital and integrated financial analytics. Its software integrates with a startup’s financial systems (Xero), banking and Stripe to collect and analyse data and surface metrics like growth rates, capital efficiency and customer-value trends. Launched this year, the platform has funded 14 deals in its first nine months, with most loans around $250,000 to technology companies generating $1–10 million in annual revenue. One of its largest clients, ASX-listed Mad Paws Holdings, took a $1 million facility arranged in under 48 hours. Cofounded by former Apple engineer Patrick Nappa and CEO/ex-CBA lending strategist Alex Simmons, Kashcade says it can enable founders to raise funds in just a few clicks and plans to use the new capital to build out its loan book.

No current team members are available.