The startup operates an alternative lending platform that provides direct funding to small and mid-sized businesses through proprietary analytics technology and underwriting services. This approach enables businesses to access tailored financial solutions that meet their working capital needs, addressing the challenge of limited funding options in traditional lending.
Funding
$130M 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.
Founders
Product
Problem
Small and medium-sized businesses (SMBs) often struggle to secure timely funding through traditional lending channels due to stringent requirements and lengthy approval processes. This limited access to capital can hinder their ability to manage cash flow effectively, invest in growth opportunities, and cover operational expenses.
Solution
CFG Merchant Solutions provides revenue-based financing solutions designed to offer SMBs quick and efficient access to working capital. Using proprietary analytics technology and a streamlined underwriting process, CFGMS evaluates businesses based on their revenue streams rather than relying solely on credit history or collateral. This approach enables CFGMS to provide tailored financing options with flexible repayment schedules that align with a business's cash flow, allowing them to obtain funding within 24 hours. The financing can be used for various purposes, including inventory purchases, marketing initiatives, technology upgrades, and staffing needs.
Target Audience
The primary target audience includes small to medium-sized businesses across various industries in the U.S. that need quick access to working capital and may not qualify for traditional bank loans. CFGMS also targets ISO partners seeking a reliable funding source for their merchant clients.
Features
- Revenue-based financing model with flexible repayment schedules
- Funding decisions based on proprietary analytics and revenue assessment
- Fast approval and funding, often within 24 hours of underwriting completion
- No personal capital required, and credit history is not a primary deciding factor
- Financing solutions tailored to specific business needs, such as inventory, marketing, or expansion
- Dedicated sales representatives assigned to each ISO partner
- Syndication opportunities available