Onramp Funds provides a financing platform that utilizes revenue-based lending to offer e-commerce entrepreneurs quick access to capital, with funds available in less than 24 hours. By connecting directly to sales data from platforms like Amazon and Shopify, Onramp delivers tailored funding options without requiring equity stakes or personal credit checks.
Funding
$18.5M 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
E-commerce businesses often face challenges in accessing capital quickly and without relinquishing equity, hindering their ability to invest in inventory, marketing, and other growth opportunities. Traditional lending processes can be slow and require extensive credit checks, creating barriers for online sellers seeking timely funding.
Solution
Onramp Funds provides revenue-based financing solutions tailored for e-commerce entrepreneurs, offering access to capital in as little as 24 hours. By directly connecting to sales data from platforms like Amazon, Shopify, and others, Onramp Funds assesses business performance and provides customized funding offers without requiring personal credit checks or equity stakes. Repayments are structured as a percentage of sales, aligning with the business's cash flow and ensuring flexibility during slower months. This approach allows e-commerce businesses to secure funding for growth initiatives without taking on traditional debt burdens.
Target Audience
Onramp Funds primarily serves e-commerce businesses selling on platforms like Amazon, Shopify, and others, with at least $3,000 in average monthly sales and a legal business entity in the United States.
Features
- Revenue-based financing model with repayments tied to sales performance
- Fast funding, with capital available in as little as 24 hours
- Direct integration with e-commerce platforms, including Amazon, Shopify, TikTok Shop, WooCommerce, BigCommerce, Squarespace, and Walmart
- No personal credit checks required
- Multiple funding offers provided to allow businesses to choose the best option for their needs
- Funding calculator to estimate potential funding amounts based on monthly revenue