Report a bug, suggest a feature request, or ask a question here. BOSTON (PRWEB) April 09, 2019 Helping small and medium-sized businesses (SMBs) has been a driving force for Steven Uster for some time. FundThrough has grown from just five employees when it started to more than 60 today across North America. Win whats next. FundThrough helps small business owners navigate their cash flow challenges with by accessing the working capital in their unpaid invoices. FundThrough in the press, and updates about our company. Each feature of PitchBook Desktop is designed to help you work smarter: See what PitchBook has to offer with our tour that highlights major platform features. FundThrough's phone number is (800) 766-0460 What is FundThrough's official website? Unlock capital for growth projects or everyday expenses. We are very excited about this opportunity to work with Northleaf Capital Partners to help new and existing clients unlock working capital trapped in their outstanding customer invoices, said FundThrough Co-Founder and CEO Steven Uster. FundThrough's deal structure is available for 2 funding rounds, including their Series B from June 18, 2018. Get to know our story and why we work to help small businesses reach their full potential. Read our thought leadership to help you boost your working capital. Copyright 1997-2015, Vocus PRW Holdings, LLC. The people really make the place! FundThrough turned their back on ALL their customers in one snap of the fingers. FundThrough has grown 1,071% in the past three years and almost 300% since last year. The deal doubles FundThrough's US customer base, with the company jumping from 55 percent of its business south of the border to 80 percent. We get it: waiting on 30, 60, or 90 day net terms creates constant cash flow gaps. While we provide flexible funding for a variety of businesses, they often have a few traits in common: You might be a fit for FundThrough if you meet all the following requirements: Cash flow gaps caused by net terms cause stress and limit the business potential, especially a growing business. Since we are growing really fast, its hard to work on Net 60 payment terms. How FundThrough delivers streamlined invoice funding. Lets connect! 2023 PitchBook. Northleaf Capital Partners is a global private markets investment firm with US$14 billion in private equity, private credit, and infrastructure commitments under management on behalf of public, corporate, and multi-employer pension plans, endowments, foundations, financial institutions, and family offices. Unlike bank financing or equity, invoice factoring doesnt create debt or take away your control. Actually, FundThrough is a great name for the company because for . How FundThrough Unlocks Millions of Dollars in A/R. Learn more about our team. Read the success stories of small businesses that use invoice funding to expedite their growth. Together, we are working to level the playing field for small business owners and help them optimize their cash flow.. Learn more. We consistently hear the same things from entrepreneurs and business owners: Longer payment terms are painful and inhibiting our business growth. Discover the variety of B2B industries that get invoices paid in days to access capital. About The Northleaf investment expands FundThrough's funding resources to serve more small businesses in the United States and Canada at a time when governments are scaling back . The company has scaled to. The technology enables clients to reduce costs, improve efficiency, and deliver experiences to their customers. It has funded thousands of B2B clients since the company was founded in 2014. It requires a minimum time in business of only three months, with no stated personal credit score minimums and typically no personal guarantee required. ), What was remarkably refreshing was FundThroughs interest in what we did beyond the numbers. Instant Factoring is an online platform for micro-factoring for SMEs. Highly recommend! And you can keep track of your account through its mobile app. FundThrough works with the vast majority of construction-related industries, along with general contractors and subcontractors. Thank you!" FundThrough has emerged as a leading player in the fintech small business working capital space and is investing in advancing its credit model using artificial intelligence and machine learning,. Seed, Series A, Private Equity), Alternate or previous names for the organization, Whether an Organization is for profit or non-profit, General contact email for the organization. Read our thought leadership to help you boost your working capital. Discover the variety of B2B industries that get invoices paid in days to access capital. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC. FundThrough is a leading fintech company that enables businesses to access unlimited capital through structured non equity financing. Banks require too much paperwork, and take too long to get funding. "Great service and the team behind it is even better! Home FundThrough Secures $50M in Funding, REAL TIME VC & PRIVATE EQUITY DEALS AND NEWS. If you previously used Workbench NetZero, you have been migrated to our new platform. Were happy to help you get capital for growth projects, payroll, and more. Rates are charged at 2.5% per 30 days. | FundThrough is a leading fintech . Our employees love helping thousands of small businesses succeed! A fully-stocked kitchen, birthday treats, and a lunch on us every week. Companies can visit FundThrough.com to explore their funding options with outstanding customer invoices. Discover how easy it is to get invoices paid in days. FundThrough is a leading fintech company that enables businesses to access unlimited capital based on the value of their outstanding customer invoices. FundThrough pays outstanding invoices in days ahead of net terms through an easy, tech-powered process. FundThrough offers loans to small companies that sell to bigger businesses. Report a bug, suggest a feature request, or ask a question here. FundThrough in the press, and updates about our company. They are also very flexible. TORONTO-- ( BUSINESS WIRE )-- FundThrough, a financial technology platform that solves cash flow challenges for growing businesses through fast invoice payments, today announced that it has. FundThrough USA Inc. loans are made or arranged pursuant to a California Finance Lenders Law license. FundThrough's estimated annual revenue is currently $13.3M per year. Together, with fellow co-founders Deepak . Led by Co-Founder and CEO Steven Uster, FundThrough is a player in the fintech small business working capital space. FundThrough has the highest customer satisfaction rate in the industry. It supports the invoices between companies in order to reduce cash flows that impact small businesses through an online platform. Total amount raised across all funding rounds, Total number of Crunchbase contacts associated with this organization, Total number of employee profiles an organization has on Crunchbase, Total number of investment firms and individual investors, Total number of organizations similar to the given organization, Descriptive keyword for an Organization (e.g. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Were always looking for bright, passionate people to join our team. Report a bug, suggest a feature request, or ask a question here. Specifically, the company has developed an online, cloud-based platform for invoice factoring that enables rapid advances on outstanding invoices. Use our help resources to learn which solution works best for your business. See our straightforward pricing and discover why you get more than capital when you work with FundThrough. Put your capital to work for growth projects, payroll, equipment, hires, and more. Sheena Russell, Owner and Founder, Made with Local, FundThrough helped me manage cash flow for my deals, which was crucial. Written by Marketing Team. Its great to know that we have confidence in a partner that we can rely on for funding. ~Matthew M. 260 Spadina Avenue, Suite 400, Toronto,Canada,M5T2E4. Review the options below. October 15, 2020. New to invoice funding? Interested in possibly embedding FundThrough in your platform? Its platform lets businesses connect their. Sign In. Meanwhile, the JPMorgan Cash Institute said at the start of the COVID pandemic that 50% of U.S. small businesses had a cash buffer of fewer than 15 days. Edit Lists Featuring This Company Section, FundThrough acquires invoice financing business from Silicon Valleys BlueVine, F|T: The FinTech Times - Battle of the banks | BetaKit, Northleaf Capital Partners makes $50m FundThrough investment, Ontario Companies With More Than 100 Employees, Ontario Private Equity Stage Companies With More Than $1M in Revenue, Financial Services Private Equity Stage Companies With More Than 50 Employees, Great Lakes Private Equity Stage Companies With Less Than $500M in Revenue. The company's platform provides working capital that would otherwise be inaccessible due to 30, 60 or 90 day payment terms. The company's fintech platform offers a suite of fluid financial services, integrated with the user's business on a single platform, enabling companies to have frictionless access to payments, credit, and working capital through seamless integrations and instant credit decisions. Opportunity to take ownership and make an impact at our rapidly-growing company. FundThrough has the highest customer satisfaction rate in the industry. Based in Toronto, the companys invoice funding platform re-imagines invoicing so that small- and medium-sized businesses can get paid instantly and eliminate "the wait" associated with customer payment terms. Integrate our data with your existing systems through an la carte solution (API) or pre-defined supply of data points (data feed). The company intends to use the funds to expand its business reach. The traditional factoring industry hasnt adapted to the current ways of doing business. With FundThrough it's calculated as a percentage of advance value. Get the information you need about companies, funds or investorswherever you are. Join us in our goal to help small businesses boost their working capital and grow. Sign In Cortex User? FundThrough; received $34.0M in venture funding in June 2018.FundThrough 's estimated revenue per employee is $ 130,000Employee Data. I love that at FundThrough everyone's opinions are truly valued. FundThrough ensures you get unlimited funding so you can go after big projects, buy equipment, make hires, and more to take full advantage of every opportunity or simply make payroll with peace of mind. Based in Toronto, it aims to enable instant payment to SMEs and eliminate "the wait" associated with customer payment terms. FundThrough acquired 1 company. Our technology allows us to approve new clients in minutes, and get you the cash you need quickly, with no obligations or long-term commitments. FundThrough claims the deal establishes it as the largest artificial intelligence-powered invoice funding platform in North America, processing over $120 million dollars a month. Which funding types raised the most money? Our founders are also entrepreneurs with deep experience in business finance. Our team is available Monday Friday, 9am 5pm ET. Kreditech offers loans to individuals based on creditworthiness which is analyzed using online data instead of using traditional credit rating information. Their latest funding was raised on Oct 15, 2020 from a Private Equity round. site you are consenting to these choices. Get flexible invoice funding in days for one price without hidden fees. Shopify launched a small-business loan fund in Canada in April, and last week, Clearbanc created a new program where it buys inventory directly from suppliers, and firms pay it back after the product is purchased. 00 000.00 000000 Bring our data into your CRM to create new leads and enhance your existing accounts. We and our partners use cookies to Store and/or access information on a device. FundThrough is our best accounts receivable financing company thanks to fast application and funding times combined with the highest advance rate on this list: 100%. You can read more about your cookie choices at our privacy policyhere. Its unified platform, Orbipay, supports three payment-related use cases - electronic bill presentment and payments (EBPP), digital disbursements, and subscription billing. | Our fee is 2.75% per 30 days. Highly recommend! Our account managers have a can-do attitude to help you get funding, whether its for growth or everyday expenses. OR. Our technology allows us to approve new clients in minutes, and get you the cash you need quickly, with no obligations or long-term commitments. FundThroughs newest platform, introduced in 2019 as Velocity. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Our team is available Monday Friday, 9am 5pm ET. Which investors participated in the most funding rounds. ". FundThrough has the highest customer satisfaction rate in the industry. Accelerate your cash flow. 1-800-766-0460. Interested in possibly embedding FundThrough in your platform? Instant Factoring facilitates the development of small businesses by providing them with flexible financing solutions by converting the invoiced bills into cash. Read our thought leadership, case studies, company updates, and more. Why Work at FundThrough? FundThrough Gives You More Than a Funded Invoice We partner with you to help your business grow and thrive payment Unlimited funding for growth or expenses Cash flow gaps caused by net terms cause stress and limit the business' potential, especially a growing business. Roughly 50% of Canadian small businesses list cash flow as their No. FundThrough cut off all their customers lines of credit overnight without say a word to anyone as they panicked with COVID-19. Get flexible funding in days through an easy process Basic Qualifications Outstanding invoice of at least $100K in accounts receivables or invoices to one customer Invoice other businesses (B2B) or government agencies Invoices are for completed work (with an expected due date) No construction or real estate Obviously, you cant beat getting paid the next day which is awesome! Great work gets public praise in our Shoutouts channel, and weekly standups. Their passion is why we are ranked one of the Top 50 Best Workplaces for Start-ups in Canada. Lets connect. Always there to help. The company intends to use the funds to expand its business reach. Read the success stories of small businesses that use invoice funding to expedite their growth. 1-800-766-0460. All rights reserved. Stephens Inc. served as exclusive financial advisor to FundThrough in the transaction. FundThrough will fund invoices within 24 hours of approval. Join us in our goal to help small businesses boost their working capital and grow. Read our thought leadership, case studies, company updates, and more. Optionally link your QuickBooks or OpenInvoice account to pull in eligible invoices to avoid duplicating effort. BlueVine provides flexible, working capital to small and medium-sized enterprises, giving them quick access to funds needed to purchase inventory, cover expenses, or expand operations. Alacriti provides financial services and payment technology solutions to companies in the financial services, healthcare, insurance and utility industries. Use our help resources to learn which solution works best for your business. 13 FundThrough reviews in Toronto, ON. Report a bug, suggest a feature request, or ask a question here. Funding FundThrough has raised a total of CA$122.2M in funding over 5 rounds. Northleafs portfolio includes more than 400 active investments in 35 countries, with a focus on mid-market companies and assets. We get it: waiting on 30, 60, or 90 day net terms creates constant cash flow gaps. Don't hesitate to ask us in the chat. Lets connect! Support, advice, and a true north star are provided by our incredible team of investors. And once your customer pays FundThrough, theres no more commitment. Discover the variety of B2B industries that get invoices paid in days to access capital. The product offerings include consumer loans, a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending. Our founders are also entrepreneurs with deep experience in business finance. One of the greatest groups of people I have crossed paths with! Active, Closed, Last funding round type (e.g. Lets connect! The acquisition is. Were always looking for bright, passionate people to join our team. ~Tomlin17. We wait for your customer to pay. Kreditech also offers a Lending as a Service model, allowing partners to integrate Kreditech's credit products via an API into their own platform and services. The new investment also addresses small business cash flow challenges as government funding programs are coming to an end. Encouraging team, and great environment to learn in! New to invoice funding? You can read more about your. Northleaf is delighted to partner with FundThrough to support the companys continued growth. They are also very flexible. Ensure that your company and products are accurately represented on our platform. We filled out an applicationthe process went very smoothly. FundThrough (Toronto, Canada), a marketplace platform that offers lines of credit to growing businesses, received a $50m (42.20m) investment from Northleaf Capital Partners. We understand when your family (or the world) needs you to work remotely. Their latest acquisition was BlueVine - Invoice Factoring on January 13, 2022. Questions about your PRWeb account or interested in learning more about our news services? 1-800-766-0460. And in an inventory-heavy business, fast growth means that cash is very valuable. 1 concern, according to the CFIB. FundThrough is one of the more user-friendly invoice financing options out there. Using FundThrough Velocity Factoring. Senior Management Steven Utser: Co-Founder and CEO (2014-Present). At weekly events like Findings Fridays, expand your business knowledge alongside your brilliant team members. Were growing very fast. The $50 million is FundThrough's fifth funding round. Analyst Briefing Submitters are 7x more likely to receive a qualified connection. On Jan FundThrough, a Toronto, Canada-based fintech company for small businesses to optimize cash flow using their outstanding customer invoices, received a $50m (C$66m) investment from Northleaf Capital Partners. The Daily Deal Newsletter, Northleaf Capital Partners Recaps BridgePoint Financial Services, GoBolt Raises CAD$75M in Series C Financing. FundThrough is funded by 12 investors. Find out more at https://www.fundthrough.com. To Be Paid: This is the dollar amount you'll receive once your customer has paid the invoice. Clients consider us a long-term partner in their growth and success. Interested in possibly embedding FundThrough in your platform? By Tom Dunstan. 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