About Upside Financing
Upside Financing is a Financial Services company based in Austin (United States) founded in 2021, and was acquired by Ampla in November 2022. Inventory financing is facilitated via an online marketplace for businesses. Upside Financing has raised $10.5 million across 1 funding round from investors including Ampla, M13 Company and Matrix. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its competitors include AuctionCredit and ScaleCapital; 1 of its 2 listed competitors has raised funding.
Company details
Upside was founded in 2021 in Austin, United States, within the fintech sector. An online marketplace is operated to enable inventory financing, allowing businesses to convert inventory into cash prior to due payments. Integration tools are provided for existing accounting software, alongside features for managing credit limits. Operations focus on streamlining financial processes for inventory-dependent enterprises.
- Headquarters Austin, United States
- Stage Acquired
- SectorsFinancial Services
- Website upsidefinancing.com
- Social LinkedIn X
- Acquired by Ampla (Nov 2022)
Funding Insights of Upside Financing
Upside Financing has successfully raised a total of $10.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $10.5 million completed in November 2021. 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 $10.5M
- Total Rounds 1
- Last Round Seed — $10.5M
- First Round $10.5M
(Nov 2021)
- Investors Count 5
All 1 funding rounds of Upside Financing 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 |
|---|---|---|---|---|---|
| Nov 2021 | $10.5M | Seed | – | M13 Company |
6 investors in total: 6 institutional.
Investors in Upside Financing
Upside Financing has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Ampla, M13 Company and Matrix.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by M13 venture capital fund. | m13.co | Los Angeles, United States | ||
Early-stage ventures are funded by the investment firm. | matrix.vc | San Francisco, United States | ||
Seed and early-stage tech startups are invested in by Upper90. | upper90.io | New York, United States | ||
Deep Lake Capital is focused on FinTech and Commerce investments. | deeplakecapital.com | |||
Angel investments are made in agtech, gaming, and fintech sectors. | r2vc.com | Los Altos, United States | ||
Business credit lines are provided via an online platform. | 2019 | getampla.com | New York, United States |
Investor details for Upside Financing
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People of Upside Financing
1 people are tracked at Upside Financing (1 in leadership).
| Name | Role | Group |
|---|---|---|
Nicholas Mares | Co-Founder & CEO | Leadership |
Complete people profiles for Upside Financing
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Timeline of Upside Financing
3 dated milestones of Upside Financing across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Upside Financing is founded.
- Funding First funding round of $10.5M.
- Exit Acquired by Ampla.
Competitors of Upside Financing
Upside Financing has 2 listed competitors in our database, 1 of them funded. They include AuctionCredit and ScaleCapital.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| auctioncredit.com | 2006 | Dallas, United States | $7.5M | Term loans are extended to small and medium enterprises. | ||
| scalecapitalco.com | 2023 | Los Angeles, United States | Offers inventory financing, title loans, payday loans, and small business loans to clients. |
Detailed competitors of Upside Financing
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Top companies in Alternative Lending
3 companies that operate in the same segment as Upside Financing (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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Frequently Asked Questions about Upside Financing
Upside Financing was founded in 2021.
Upside Financing is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Upside Financing is a funded company, having raised a total of $10.5M across 1 funding round to date. The company's 1st funding round was a Seed of $10.5M, raised on Nov 2021.
Upside was founded in 2021 in Austin, United States, within the fintech sector. An online marketplace is operated to enable inventory financing, allowing businesses to convert inventory into cash prior to due payments. Integration tools are provided for existing accounting software, alongside features for managing credit limits. Operations focus on streamlining financial processes for inventory-dependent enterprises.
Upside Financing's top competitors include AuctionCredit and ScaleCapital.
Upside Financing has 6 investors. Key investors include Ampla, M13 Company, Matrix, Upper90, and Deep Lake Capital.
Yes. Upside Financing was acquired by Ampla in November 2022.