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FundThrough
Invoice funding platform for small businesses
- 21-100 employees
- B2B
- Payments
- Lending
- Financial Services
- Chinatown, Toronto, ON
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Company mission
To empower small businesses to thrive by reimagining invoicing to ensure they get paid instantly.
Our take
Scaling a small business is full of challenges, especially when there is limited free cash flow due to long waits for customer invoices. Whilst invoice funding companies exist to solve this challenge, their loans still take a while to process, often have hidden fees, and come with high-interest rates.
FundThrough provides an invoice funding service for small businesses, promising to reduce the amount of time businesses wait to receive paid invoices from customers. The company provides its services on a personalised approach based on the financial health of a business, allowing the business to choose which invoices will be funded, ultimately allowing them to scale their operations by taking on larger clients with their augmented cash flow.
Whilst invoice funding has been used by businesses for decades, it is generally available for larger enterprises, so FundThrough’s focus on helping small businesses is unique. It has good funding at its back that has supported the expansion of its funding resources to serve more and more small businesses, and appears to be building out its leadership to support its next period of growth.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Opportunity to take ownership and make an impact at our rapidly-growing company
- Stock options, health benefits, and flexible payroll
- A fully-stocked kitchen, birthday treats, and a lunch on us every week
- Learning opportunities at weekly events like Findings Fridays
- Family friendly & work from home opportunities
- Recognition - great work gets public praise in our Shoutouts channel, and weekly standups
Company values
- Open & honest
- Teamwork
- Client-first initiative
- Innovation
- Commitment to excellence
- Passion
- Fun & Food
Funding (2 rounds)
Oct 2020
$50m
EARLY VC
Jun 2018
$6.8m
SERIES A
Total funding: $56.8m
Leadership
Steven Uster
(Co-Founder & CEO)Experience as Investment Banker from 2001 to 2009. Founder of Eldridge Capital since 2009 and Zillidy since 2012.
Deepak Ramachandran
(Co-Founder & CTO)Experience as Senior Management Associate for Bridgewater Associates. Board Member and Chair for Miovision from 2011 to 2018.
Graham McBride
(Co-Founder)Member of the Board at a number of companies. Experience as Managing General Partner for VenGrowth Capital Partners from 2003 to 2010. President of LarchHill Capital since 2010.