FundThrough Raises $24.3M in Second Round of Financing
Summary
FundThrough, a Toronto, Canada-based invoice funding platform for small and growing businesses, secured a $24.3m second round of financing.As part of the transaction, FundThrough will receive $4.3m of equity and access to an additional $20m in loan capital.Led by Steven Uster, co-founder and CEO, FundThrough provides a technology platform that enables business owners to eliminate the wait associated with invoice payment terms by funding outstanding invoices almost instantly.The fintech platform connects to business owners’ accounting software and bank information to automatically assign a funding limit in a few hours.Once connected, funds arrive in the business owner’s bank account within 24 hours.
Funding
Amount
$15.2M
Total raised
Date
October 10, 2016
Announcement date
Investors
Hedgewood, Klister Credit
Lead investors
Company
http://www.fundthrough.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
FinTech
Cash Flow Management
Business Finance
Linked Companies
FundThrough
$10M to $25M