The startup offers a financial platform that connects brick-and-mortar businesses with a network of investors, facilitating direct funding in exchange for a percentage of revenue. This model provides businesses with essential capital while enabling investors to earn monthly income from their investments.
Funding
$4.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FPFounders
Product
Problem
Brick-and-mortar businesses often face challenges in securing growth capital through traditional financing options, which may involve equity dilution, personal guarantees, and fixed payment schedules that don't align with seasonal revenue fluctuations. This can hinder their ability to expand and manage cash flow effectively.
Solution
Bonside provides brick-and-mortar businesses with access to growth capital through a Repeatable Revenue Agreement (RRA). This financing model offers an alternative to traditional bank loans and equity financing by providing capital without equity dilution or personal guarantees. Repayment is structured as a small percentage of monthly revenue, adjusting to the business's seasonality. This allows businesses to secure funding tailored to their specific needs and revenue patterns, facilitating expansion and financial stability.
Target Audience
The primary target audience consists of established brick-and-mortar service businesses with 3+ locations and strong unit economics in sectors such as healthcare, beauty, wellness, food and beverage, and auto services.
Features
- Repeatable Revenue Agreement (RRA) financing model based on a percentage of monthly revenue.
- No equity dilution or personal guarantees required.
- Flexible repayment terms that adjust with business seasonality.
- Streamlined application process with funding decisions within weeks.
- Focus on established brick-and-mortar service businesses with multiple locations.