Invoice factoring company FundThrough nabs $34 mln in debt, equity
Toronto-based financial technology platform FundThrough has raised $9 million in equity and a $25 million credit facility. The Series A equity round was led by David Mirvish and ScaleUP Ventures. ScaleUP also led the company's $24.3 million round in 2016. The credit facility was provided by Canadian merchant banking firm Intercap Inc. Founded in 2014, FundThrough offers small businesses flexible, on-demand working capital using their outstanding invoices to overcome cash flow gaps and accelerate growth. Led by CEO Steven Uster, the company will use the funds raised for technology development, building integrations with platform partners, and continued U.S. market expansion.
20 June 2018•4 mins read
