What FundThrough’s $24.6-million financing means for the future of small business growth
A message from our Co-Founder & CEO, Steven Uster:
I am very excited to announce our latest financing round by ScaleUP Ventures and to announce the addition of Kent Thexton, Managing Partner at ScaleUP, to our board.
Our goal at FundThrough is to eliminate the wait associated with invoice payment terms and give business owners the ability to self-generate the cash flow they need to fuel the continued success of their business.
Instead of waiting 30, 60, 90 or even more days to get paid for the work done or the products delivered, FundThrough users can finally get paid right when they invoice so they can use those funds to buy more inventory, hire more people, pay bills, ensure payroll is met, take advantage of supplier discounts or just have peace of mind.
Bringing on ScaleUP and other deeply committed investors in this financing round provides us with the opportunity to add to our incredible team and technology to service our users. As a fintech company, we invest a lot of money and resources into building cutting edge technology and automated decision making capabilities. This additional capital will help us speed up our technology development so we can better serve more users. We will also be building out partnership programs and developing channels to reach more businesses across the country.
We’re looking forward to a bright future where businesses can eliminate their own cash flow hurdles as they grow by giving them instant access to their own funds. ScaleUP shares this vision and together we are going to improve the lives of small business owners across Canada and beyond!