FundThrough, a fintech invoice factoring platform for small and medium-sized businesses (SMBs), announced its acquisition of Ampla – which is a leading provider of financial technology solutions for consumer brands offering working capital, business banking, corporate cards, and analytics.
Ampla has surpassed $2 billion in loan originations and handled over $5 trillion of transaction volume through its platform. And this strategic acquisition strengthens FundThrough’s digital-first ecosystem, creating an unrivaled platform explicitly designed for small businesses that sell to larger companies and wait to get paid after invoicing.
Building on a successful acquisition of Bluevine’s factoring business in 2021, FundThrough demonstrated its ability to identify and seamlessly integrate game-changing SMB technologies. FundThrough’s expanding footprint now delivers invoice factoring solutions across diverse B2B sectors, including retail, manufacturing, oil and gas, technology, professional services, and food supply and agriculture, with 85% of its funding helping American clients.
Along with the the acquisition, FundThrough also raised $25 million in its Series B round, led by existing investor Klister Credit, an early and large investor in both Shopify and FundThrough. And this strategic deal will drive aggressive expansion into key growth areas, including further acquisitions, investments in technology and AI, enhanced UX, and accelerated product innovation.
KEY QUOTES:
“Business owners have increasingly been forced to act like banks for their much larger customers who extend invoice payment terms beyond reasonable lengths. They need a seamless way to bridge the cash flow gap, and FundThrough provides a tech-enabled financial solution. Now, Ampla’s technology significantly enhances FundThrough’s AI-powered model, enabling us to level the playing field further. With Ampla, we can scale faster, enhance our credit underwriting and monitoring processes, and help even more businesses solve their number one pain point, cash flow. I’m excited to work with Anthony, a proven entrepreneur with vast knowledge in this space.”
“As small businesses navigate the evolving global tariffs, the best thing they can do is preserve their cash flow. FundThrough helps bridge the gap by providing peace of mind for business owners during these uncertain times.”
Steven Uster, FundThrough’s CEO
“I’m excited about Ampla’s acquisition by FundThrough and the potential of the combined platform to support small businesses. This strategic move enhances commerce capabilities and provides operators with greater resources to succeed.”
Ampla’s CEO Anthony Santomo, who will remain a strategic advisor to FundThrough and will be joined by his core team
“Steven’s leadership has firmly established FundThrough as a bellwether in the fintech and specialty finance industry. FundThrough’s track record over the past years of uncertainty is impressive. FundThrough has stayed tightly focused on robustly serving the needs of small businesses forced to hold receivables from their much larger, better-capitalized customers. The outlook for small business growth continues to be positive, and my increased investment reflects my confidence in the FundThrough team’s continuing focus on serving this important market through the best service and continual product innovation.”
John Phillips, President of Klister
