FundThrough, a technology-driven online lending platform that changes the way businesses access financing, officially launched today.
According to today’s launch announcement, FundThrough is the first marketplace platform that offers lines of credit to growing businesses in Canada.
FundThrough has raised $2.2 million in financing from a group of investors led by Real Ventures and including Origin Merchant Partners, Five Elements Ventures, Barlow Lane Holdings, Jim Case and Peter Carrescia.
The funds will be used to scale the platform in order to service more growing businesses.
“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 was co-founded by Steven Uster, Graham McBride and Deepak Ramachandran and they’re currently hiring in Toronto.