FundThrough, a Toronto, Canada-based fintech company for small businesses to optimize cash flow using their outstanding customer invoices, received a $50m (C$66m) investment from Northleaf Capital Partners.
The company intends to use the funds to expand its business reach.
Stephens Inc. served as exclusive financial advisor to FundThrough in the transaction.
Led by Co-Founder and CEO Steven Uster, FundThrough is a player in the fintech small business working capital space. The company’s platform enables invoicing so that small- and medium-sized businesses can get paid instantly and eliminate “the wait” associated with customer payment terms.