Finovance
About Finovance
Finovance provides AI-driven growth capital solutions for small and medium-sized businesses, utilizing real-time data analysis to offer funding between $100,000 and $5 million within hours. The platform eliminates equity dilution and personal credit checks, offering flexible repayment terms of up to 60 months based on actual revenue performance.
<problem> Small and medium-sized businesses often struggle to access growth capital quickly and without diluting equity or undergoing extensive personal credit checks. Traditional funding sources like banks and venture capital firms can be slow, require significant paperwork, and may not offer flexible repayment terms aligned with a business's actual revenue performance. </problem> <solution> Finovance provides AI-driven "Sales Flow Financing™" that enables SMBs to secure funding between $100,000 and $5 million within hours, using real-time data analysis. The platform connects to a business's financial data sources to assess its revenue flow and offer capital advances with flexible repayment terms of up to 60 months. Finovance eliminates the need for personal credit checks and equity dilution by basing funding decisions and repayment schedules on a company's actual revenue performance. </solution> <features> - AI-driven engine analyzes real-time business data for optimal funding offers. - Syncs with online banking and accounting platforms for automated data retrieval. - Flexible repayment terms up to 60 months, adjusting with revenue fluctuations. - No personal credit checks required. - No equity dilution. - Flat "factor fee" instead of compounding interest. - Expense management software (coming soon). - Business checking account with free ACH payments, virtual/physical debit cards, and bill payment (coming soon). - Top-level grade security with PCI DSS, SSL encryption, GDPR, and HIPAA compliance. </features> <target_audience> Finovance targets small and medium-sized businesses with at least 24 months of trailing history and $100,000+ in monthly revenues, seeking fast and flexible growth capital without equity dilution. </target_audience> <revenue_model> Finovance generates revenue through a flat "factor fee" applied to the capital advanced, with the specific fee dependent on the capital requirements and risk assessment. </revenue_model>
What does Finovance do?
Finovance provides AI-driven growth capital solutions for small and medium-sized businesses, utilizing real-time data analysis to offer funding between $100,000 and $5 million within hours. The platform eliminates equity dilution and personal credit checks, offering flexible repayment terms of up to 60 months based on actual revenue performance.
Where is Finovance located?
Finovance is based in United States.
When was Finovance founded?
Finovance was founded in 2022.
Who founded Finovance?
Finovance was founded by Craig Schmeizer and Gavin Conway.
- Craig Schmeizer - CEO
- Gavin Conway - Co-Founder
- Location
- United States
- Founded
- 2022
- Employees
- 4 employees