FundThrough Boosts SMB Financing with Ampla Acquisition and $25M Raise in FinTech Revolution
FundThrough, an innovative FinTech platform for small and medium-sized businesses (SMBs), has announced its strategic acquisition of Ampla, a top financial technology provider that empowers consumer brands with essential financial tools. This move, coupled with a $25 million Series B equity investment led by Klister Credit Corp., aims to enhance FundThrough’s offerings and expand its reach within key growth sectors.
Strengthening Financial Solutions for SMBs
Based in Houston and Toronto, FundThrough specializes in providing SMBs with flexible financing solutions through the use of advanced AI and predictive analytics. This approach effectively tackles the cash flow challenges that small businesses often encounter, particularly when dealing with larger clients that delay invoice payments. By utilizing FundThrough, SMBs can quickly access funds tied up in receivables.
Acquisition of Ampla: A Strategic Move
The acquisition of Ampla marks a significant step in FundThrough’s growth strategy. With this integration, the company plans to:
- Enhance AI-powered credit underwriting and monitoring capabilities
- Accelerate product innovation
- Invest in improving user experience
FundThrough’s CEO, Steven Uster, emphasized the urgency for business owners who often have to act like banks for larger customers. “They need a seamless way to bridge the cash flow gap, and FundThrough provides a tech-enabled financial solution,” he stated. “The addition of Ampla’s technology will enable us to further enhance our services and help even more businesses address their primary concern: cash flow.”
Collaboration with Ampla’s Leadership
Anthony Santomo, the CEO of Ampla, will continue to serve as a strategic advisor post-acquisition. He expressed enthusiasm about the merger, highlighting the potential benefits for small businesses. “This strategic move enhances commerce capabilities and provides operators with greater resources to succeed,” Santomo remarked.
Looking Ahead: FundThrough’s Vision
With the combined strengths of FundThrough and Ampla, the company is poised to offer even more robust financial solutions tailored to the needs of SMBs. The focus on technology-driven financial services not only addresses immediate cash flow issues but also supports long-term growth for businesses in various sectors.
For further information on how FundThrough can help your business, visit FundThrough’s official website. Additionally, explore the impact of financial technology on SMBs by checking out this TechCrunch article.
