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Synopsis
FundThrough, a fintech invoice factoring platform for small and medium-sized businesses (SMBs), completed the acquisition of Ampla, a provider of financial technology solutions for consumer brands offering working capital, business banking, corporate cards and analytics. Financial terms were not disclosed. "Ampla’s technology significantly enhances FundThrough’s AI-powered model, enabling us to level the playing field further. With Ampla, we can scale faster, enhance our credit underwriting and monitoring processes, and help even more businesses solve their number one pain point, cash flow. I am excited to work with Anthony, a proven entrepreneur with vast knowledge in this space," Steven Uster, FundThrough CEO.
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