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
*********
- Legal Name Fundation Group, Llc
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Annual Revenue
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Net Profit
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EBITDA
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Debt – Conventional — $120.0M
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First Round
First Round
(19 Jun 2012)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Debt – Conventional - Fundation | Valuation |
investors |
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| Jan, 2018 | Amount | Debt – Conventional - Fundation | Valuation |
investors |
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| Mar, 2017 | Amount | Debt – Conventional - Fundation | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private debt funds are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Early-stage tech micro-VC investments are made primarily in the US.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fundation
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fundation
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fundation Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Consumer financing is facilitated through a lending-as-a-service platform.
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| domain | founded_year | HQ Location |
Cloud-based loan management is provided for automobile financing.
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| domain | founded_year | HQ Location |
Subscription-based energy solutions are provided for commercial and industrial sectors.
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| domain | founded_year | HQ Location |
A cloud-based lending platform is provided for financial institutions.
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| domain | founded_year | HQ Location |
Provider of no-code AI agent solutions for financial services
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fundation
Frequently Asked Questions about Fundation
When was Fundation founded?
Fundation was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Fundation located?
Fundation is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Fundation a funded company?
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 Debt – Conventional of $35M, raised on Jun 19, 2012.
How many employees does Fundation have?
As of Dec 31, 2022, the latest employee count at Fundation is 350.
What does Fundation do?
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.
Who are the top competitors of Fundation?
What products or services does Fundation offer?
Fundation offers Working Capital Loans, Private Label Financing, Embedded Credit Solutions, and Purchase Financing.
Who are Fundation's investors?
Fundation has 6 investors. Key investors include Goldman Sachs, MidCap Financial, SunTrust Bank, Waterfall Asset Management, and LeoGroup.
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