Spring
Spring provides working capital to CPG brands through invoice factoring, purchase order financing, demand plan financing, and bridge funding. The platform connects read-only to bank, accounting, and retailer portals, delivering funding offers in minutes and capital deployment typically within 24 hours, with up to $10M available across its products.
- Financial Technology
- Software Only
- Artificial Intelligence
Funding
Founders
Founder details are not available yet.
Product
Problem
CPG brands often face cash flow gaps between paying suppliers for inventory and receiving payment from retailers, which can stall growth and force founders to spend valuable time chasing traditional financing. Access to working capital is typically slow, requiring extensive paperwork and lengthy underwriting processes that don't match the pace at which modern brands need to scale.
Solution
Spring offers a fast, streamlined working capital platform built specifically for CPG brands. Brands answer a few questions, connect their accounts through read-only links to bank, accounting, and retailer portals, and receive a funding offer—often in minutes. Once accepted, capital is wired to the business, with the company reporting 24-hour capital deployment. Spring's product suite includes invoice factoring, purchase order financing, demand plan financing, and bridge funding, allowing brands to finance against receivables, purchase orders, or planned demand rather than taking on traditional debt. The platform also includes finance software with an AI finance agent to help manage cash cycles.
Target Audience
Spring's primary customers are consumer packaged goods (CPG) brands selling through retailers like Target and Walmart and via Shopify, who need fast working capital to fund inventory, fulfill purchase orders, and scale operations.
Features
- Invoice factoring that purchases outstanding receivables and advances funds based on retailer payments, with funding up to $500,000 typically within 24 hours
- Purchase order financing that pays up to 60% of cost of goods directly to suppliers, backed by signed purchase orders
- Demand plan financing sized to retailer demand plans, funding production before orders land
- Bridge funding for time-sensitive capital needs between financing rounds or seasons, sized from bank history up to $500,000
- Read-only account connections via platforms like Plaid, plus direct retailer connectors for Walmart, Target, Costco, KeHE, UNFI, H-E-B, Sephora, URBN, and DOT Foods that sync invoices, payments, and deductions
- Application process completed in three steps with approvals shown in minutes, and no origination or broker fees
- Spring never takes equity; factoring and PO financing are structured as true sales of receivables rather than loans
- Up to $10M available across all products, with advance rates set per retailer based on payment and deduction history