About Fundation
Fundation is a Financial Services company based in New York (United States) founded in 2011. Small business loans are provided via an online lending platform. 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. Fundation offers products and services including Working Capital Loans, Private Label Financing, Embedded Credit Solutions, and Purchase Financing. Its focus areas include FinTech, Alternative Lending, Enablers and Lending-as-a-service. Its legal entity is FUNDATION GROUP, LLC. Its competitors include GreenSky, AutoFi and Cloud Lending; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters New York, United States
- Employees 350
- SectorsFinancial Services
- Website fundation.com
- Social LinkedIn X YouTube
- Legal Name Fundation Group, Llc
- Total Equity Funding$6.66M (USD)
in 6 rounds
- Latest Funding Round$120M (USD), Debt – Conventional
May 2018
- InvestorsGoldman Sachs
& 5 more
- Employee Count350
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.
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.
- Total Funding $6.66M
- Total Rounds 6
- Last Round Debt – Conventional — $120M
- First Round $660,000
(Jun 2012)
- Investors Count 6
All 6 funding rounds of Fundation with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $120M | Debt – Conventional | – | – | |
| Jan 2018 | Debt – Conventional | – | – | ||
| Mar 2017 | $35M | Debt – Conventional | – | – | |
| Aug 2016 | $100M | Debt – Conventional | – | – | |
| Mar 2013 | $6M | Series A | – | – | |
| Jun 2012 | $660,000 | Seed | – | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private debt funds are managed across multiple sectors. | 2008 | midcapfinancial.com | Bethesda, United States | |
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Early-stage tech micro-VC investments are made primarily in the US. | angelstreetcapital.com | Providence, United States | ||
Commercial banking services are offered to individuals and businesses. | 1891 | suntrust.com | Atlanta, United States | |
Waterfall Asset Management is focused on asset-backed finance solutions. | 2005 | waterfallam.com | New York, United States | |
Offers holistic wealth management, investment advisory, and tax planning services. | 2012 | leogroupllc.com | Iselin, United States |
Investor details for Fundation
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fundation
14 people are tracked at Fundation (4 in leadership, 10 in team); the tracked headcount is 350.
| Name | Role | Group |
|---|---|---|
Sam Graziano | CEO | Leadership |
Miguel Cespedes | Head Of Customer Support | Leadership |
Eddie Heppes, CPA, CGMA | Chief Financial Officer | Leadership |
Ryan McMahon | Director of New Partnership Operations & Account Management | Leadership |
Jason Hughes | Relationship Manager | Team |
Hanna Anteneh | Credit Risk Manager | Team |
Michelle Vu | Credit Risk Manager | Team |
Camila Ruiz | Bank Partnerships Operations Associate | Team |
Carlos Aguilar | Manager, Loan Closing Department | Team |
Jennifer Maddox | Collections/ Billing Manager | Team |
Kyle Muir | Customer Service Manager | Team |
Sandra Chavez | Loan Administration Manager | Team |
Thomas Friedrich | General Counsel | Team |
Kevin Calabrese | Credit Risk Manager | Team |
Complete people profiles for Fundation
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Fundation
3 dated milestones of Fundation across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Fundation is founded.
- Funding First funding round of $660K.
- Funding Latest funding round, Debt – Conventional, of $120.0M.
Competitors of Fundation
Fundation has 3 listed competitors in our database, 3 of them funded. They include GreenSky, AutoFi and Cloud Lending.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| greensky.com | 2006 | Atlanta, United States | $610M | 1,267 | Consumer financing is facilitated through a lending-as-a-service platform. | |
| autofi.com | 2015 | San Francisco, United States | $127.06M | 150 | Cloud-based loan management is provided for automobile financing. | |
| cloudlendinginc.com | 2013 | Foster, United States | $16.15M | 148 | A cloud-based lending platform is provided for financial institutions. |
Detailed competitors of Fundation
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Fundation
The website of Fundation (fundation.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 34.2% vs previous month
Websites whose visitors overlap most with Fundation. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| chase.com | 100% | 198.6M | #125 | View details | |
| wellsfargo.com | 92% | 104.9M | #241 | View details | |
| americanexpress.com | 88% | 107.4M | #276 | View details |
Top companies in Alternative Lending
3 companies that operate in the same segment as Fundation (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Related news about Fundation
Complete news archive for Fundation
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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. The company's 1st funding round was a Seed of $660K, raised on Jun 2012.
Fundation has 350 employees.
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's top competitors include AutoFi, GreenSky and Cloud Lending.
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.
Fundation operates through Fundation Group, Llc.