TORONTO (PRWEB) September 05, 2019
FundThrough, the leading online invoice financing platform for small and medium-sized businesses (SMBs) throughout North America, is proud to celebrate its five-year anniversary. FundThrough’s mission is to enable businesses who invoice to succeed by giving them control over when they get paid. The company has established itself as a leader in the world of financial technology (fintech) with the goal of improving the financial landscape for SMBs throughout the continent.
FundThrough began in 2014. Founders Steven Uster, Deepak Ramachandran, and Graham McBride joined forces, with the mission of empowering business owners to solve cash flow gaps and ensure they are paid on time. Today, they have helped thousands of small business owners flourish throughout the U.S. and Canada.
Since its founding, FundThrough quickly established itself as the United States’ and Canada’s fastest-growing invoice factoring solution. While the company is based in Toronto, almost 40 percent of FundThrough’s clients are based in the U.S. Moving forward, the company plans to expand its presence in the U.S. even more. By streamlining the lending process through its innovative online platform, FundThrough helps business owners to access the capital they are owed through outstanding receivables in as little as 24 hours.
It’s all part of the plan for the business, according to CEO and co-founder Steven Uster. He says that FundThrough aims to shift the balance of power regarding payments between SMBs and large companies.
“Our five-year plan is to change the way businesses think about payment terms, and to put the power back in the hands of small businesses to decide when they get paid, rather than being beholden to their customers,” says Uster.
During the past five years, FundThrough has rapidly grown from a scrappy startup with 18 employees to a multinational company with approximately 50 employees. In this growth phase, FundThrough has focused on core principles of gender parity and cultural diversity within its workforce. Nearly 42 percent of FundThrough’s full-time employees are women, with women representing 50 percent of employees at the management level.
“We’re so proud of where we’ve come from, and even more proud of where we’re going,” says Deepak Ramachandran, CTO and co-founder of FundThrough. “We look forward to continuing our commitment to diversity; and supporting even more small businesses in the future.”
As the company has continued to grow, so has its revenue. FundThrough more than doubled revenue year-over-year. This trend reflects the company’s tremendous growth as it continues to disrupt the landscape of online lending for small businesses.
This growth has led to the investment of additional capital resources. This culminated in securing millions in additional funding during 2018. With the additional wherewithal to expand its resources and offerings, FundThrough remains dedicated to supplying small and medium-sized businesses with the capital they need to succeed.
For more information about FundThrough, please visit http://www.fundthrough.com.
FundThrough offers businesses flexible, on-demand working capital using their outstanding invoices to overcome cash flow gaps and accelerate their growth. The invoice financing platform empowers small, new, and growing businesses in the U.S. and Canada to have their invoices paid when they want in as little as 24 hours. For more information, visit http://www.fundthrough.com.