Become raises $12.5 mln
Summary
The funds will be used to scale up operations in the United States and Australia in order to execute Become’s mission to remove ecosystem friction and enable more SMBs to “become” the businesses they aspire to be. The current small business lending landscape is fundamentally flawed, with 58% SMBs denied access to funding with no recourse or guidance on how to solve it. This gives each SMB the power to compare and choose the loan that’s right for them, directly from Become’s platform “We strongly believe it is time to disrupt conventional and ‘alternative’ lending practices. This creates a new market for alternative lenders and opens opportunities for formerly ‘unfundable’ SMBs to become bigger, better and more successful,” said Eden Amirav, CEO and co-founder of Become. The company has built an ecosystem of more than 50 leading lenders and partners including Paypal, OnDeck and Kabbage and has facilitated over $165 million in tailored business loans to date.