FundThrough: The Cash Flow Fix You Didn't Know Existed

Hi,

Welcome to today’s edition of Built in Canada — your go-to for discovering innovative startups and tech companies growing across the country.

Today, we’re featuring FundThrough, a Toronto-based fintech helping small businesses across North America unlock cash flow and get paid faster — no loans, no long waits.

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🏎️ Today’s Company Fast Summary

🚀 What they Do

FundThrough provides a solution for small and medium-sized businesses facing cash flow challenges due to delayed invoice payments.

Their platform allows businesses to receive early payments on outstanding invoices, often within 24 hours, ensuring steady cash flow without incurring debt.

This service is particularly beneficial for B2B companies that deal with long payment terms from larger clients.

🔍 Why It’s Cool / Different

FundThrough stands out by offering a tech-driven approach to invoice funding, eliminating the need for traditional bank loans.

Their platform integrates seamlessly with accounting software like QuickBooks, providing a user-friendly experience.

Notably, they've funded over $2.7 billion in invoices and have been recognized as the Best Overall Factoring Company by Forbes Advisor.

🧑‍💻 Who’s Behind It

FundThrough was co-founded by Steven Uster (CEO), Deepak Ramachandran (CTO), and Graham McBride.

Steven Uster brings a wealth of experience from his previous roles in investment banking at UBS and Centerview Partners, as well as founding Zillidy Inc.

📈 Quick Stats / Highlights

  • Invoice Funding Volume: FundThrough has advanced nearly $3 billion in invoice payments to date, providing essential liquidity to thousands of small and medium-sized businesses (SMBs) across North America. ​

  • Customer Base: Approximately 85% of FundThrough's clients are based in the U.S., reflecting its strong presence and trust among American SMBs. ​

  • Recent Acquisition: In April 2025, FundThrough acquired Ampla, a U.S.-based fintech company that has originated over $2 billion in loans and processed $5 trillion in transactions. This strategic move enhances FundThrough's AI-driven invoice funding capabilities. ​

  • Series B Funding: Alongside the Ampla acquisition, FundThrough secured a $25 million USD Series B equity investment, led by Klister Credit Corp., to further expand its platform and services. ​

  • Growth Metrics: FundThrough has experienced significant growth, with a 1,071% increase over three years and nearly 300% growth in the past year alone. ​

  • Monthly Funding Capacity: The company processes over $120 million in funding per month, showcasing its scalability and efficiency in serving SMBs. ​

  • Industry Recognition: FundThrough has been named the Best Overall Factoring Company by Forbes Advisor and has earned spots on the Deloitte Technology Fast 500 and Globe & Mail’s Report on Business Top Growing Companies list.

🧭 Why You Should Watch Them

FundThrough is rapidly becoming a pivotal player in the fintech space, offering SMBs a lifeline to maintain cash flow without incurring debt.

Their recent acquisition of Ampla and substantial Series B funding position them to further innovate and expand their services.

As economic uncertainties persist, FundThrough's tech-driven approach to invoice funding provides a timely solution for businesses seeking financial stability and growth opportunities.

Have a great day, eh!

Built in Canada Team

🌯 That’s a Wrap

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