On April 19, 2020, FundThrough announced it has raised $8 million in its Series A extension led by Urbana Corp and David Mirvish. FundThrough uses online factoring which offers quick financing to small businesses for work they’ve already preformed and invoiced, granting immediate cash in exchange for full collection plus interest and other fees once the company is paid.
FundThrough is a Toronto based financial institution specialized in providing online financing to small businesses to cover receivables.
Urbana is an investment firm with current interests across the financial services sector ranging from exchanges to banks to broker dealers and investment managers.
Osler, Hoskin & Harcourt LLP advised FundThrough with a team consisting of Chad Bayne and David Jamieson (Emerging and High Growth Companies).