18 October 2017
Register now

Canadian online lending platform FundThrough raises $2.2 million

24 February 2015  |  3244 views  |  0 Source: FundThrough

FundThrough, a technology-driven online lending platform that changes the way businesses access financing, officially launched today.

FundThrough is the first marketplace platform that offers lines of credit to growing businesses in Canada.

"For a long time Canadian business owners have relied on big banks for financing, and often have not had attractive alternatives if they were turned down or could not wait," said Steven Uster , Co-Founder and CEO of FundThrough. "FundThrough uses technology to provide an alternative to traditional lending sources, giving small- and medium-sized business owners access to a more convenient way of borrowing, enabling them to unlock the growth potential of their business."

FundThrough raised $2.2 million in financing from a group of investors led by Real Ventures, Canada's largest and most active seed venture fund. The funds will be used to scale the platform in order to service more growing businesses. Other investors include: Origin Merchant Partners, Five Elements Ventures, Barlow Lane Holdings, Jim Case and Peter Carrescia .

"We are thrilled to be investing in FundThrough," said Janet Bannister , General Partner at Real Ventures. "Online marketplace lenders like FundThrough are using technology to change the way businesses borrow money.  They are disrupting the financial services industry by putting more power in the hands of business owners.  We look forward to working closely with the FundThrough team as they grow their company in Canada and internationally."

FundThrough was co-founded by three entrepreneurs – Steven Uster , Graham McBride and Deepak Ramachandran – who understand the pressures faced by small and medium sized business owners and the frustrations that come with accessing financing. FundThrough was created to make accessing capital simpler, faster and more flexible for businesses.

For more information please visit www.fundthrough.com, or contact one of FundThrough's representatives by email at info@fundthrough.com or by phone at (800) 766-0460.

m or by phone at (800) 766-0460.

 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register now visit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15080 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8305 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7779 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7178 views comments | 13 tweets | 8 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6342 views comments | 8 tweets | 16 linkedin

Featured job

to £70K base, £105K ote, benefits
London, UK

Find your next job