About Fundation
Fundation is a company based in New York (United States) founded in 2011. Fundation has raised $6.66 million across 6 funding rounds from investors including Goldman Sachs, MidCap Financial and SunTrust Bank. The company has 350 employees as of December 31, 2022. Fundation offers products and services including Working Capital Loans, Private Label Financing, Embedded Credit Solutions, and Purchase Financing. Fundation operates in a competitive market with competitors including GreenSky, AutoFi, Sparkfund, Cloud Lending and UPTIQ, among others.
- Headquarter New York, United States
- Employees 350 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Fundation Group, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$6.66 M (USD)
in 6 rounds
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Latest Funding Round
$120 M (USD), Debt – Conventional
May 16, 2018
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Investors
Goldman Sachs
& 5 more
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Employee Count
350
as on Dec 31, 2022
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Products & Services of Fundation
Fundation offers a comprehensive portfolio of products and services, including Working Capital Loans, Private Label Financing, Embedded Credit Solutions, and Purchase Financing.
Provides funding for business operations and growth needs.
Offers white-labeled loans for partners and retailers.
Integrates BNPL and POS financing into e-commerce systems.
Enables flexible payment options for business purchases.
People of Fundation
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Funding Insights of Fundation
Fundation has successfully raised a total of $6.66M across 6 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $120 million completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Fundation
Fundation has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, MidCap Financial and SunTrust Bank.
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Private debt funds are managed across multiple sectors.
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Investment banking services are delivered across multiple financial sectors.
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Early-stage tech micro-VC investments are made primarily in the US.
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Investor details for Fundation
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
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Investments & Acquisitions by Fundation
Investment portfolio details for Fundation
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Financial Statements - Fundation
Detailed financials for Fundation
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- Profit trends
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Fundation Comparisons
Peer comparison for Fundation
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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- Operating benchmarks
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Competitors of Fundation
Fundation operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GreenSky, AutoFi, Sparkfund, Cloud Lending and UPTIQ, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Consumer financing is facilitated through a lending-as-a-service platform.
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Cloud-based loan management is provided for automobile financing.
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Subscription-based energy solutions are provided for commercial and industrial sectors.
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A cloud-based lending platform is provided for financial institutions.
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Provider of no-code AI agent solutions for financial services
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Detailed competitors of Fundation
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Latest news on Fundation
Complete news archive for Fundation
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- Brand-specific news history
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Frequently Asked Questions about Fundation
Fundation was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Fundation is headquartered in New York, United States. It is registered at New York, New York, United States.
Fundation is a funded company, having raised a total of $6.66M across 6 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Fundation is 350.
Fundation was established in 2011 in New York, United States, as an online platform in the alternative lending sector. Fixed-rate loans with simple interest are extended to small businesses, available in short-term or long-term options. Principal amounts and interest rates vary according to applicant profiles. Repayments are automatically debited from borrowers bank accounts, and no fees are imposed for early repayment.
Fundation offers Working Capital Loans, Private Label Financing, Embedded Credit Solutions, and Purchase Financing.
Fundation has 6 investors. Key investors include Goldman Sachs, MidCap Financial, SunTrust Bank, Waterfall Asset Management, and LeoGroup.