Early payments platform SquareDash has raised $20 million from Fintop Capital, Ilya Golubovich’s I2BF Global Ventures, Hivers and Strivers, The PenFed Foundation, The Hustle Fund, The Council and business angels. The seed round closed on March 14, according to data from Crunchbase.
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The company also received a $15 million line of credit, which can be expanded to $25 million if necessary. The money will be used to expand products, increase staff and marketing.
SquareDash specializes in claims financing and cash flow management. The clients are companies dedicated to roofing and restoration work. The startup helps them resolve issues with insurance claims and also get paid the same day they complete the work.
SquareDash was founded in 2022 by former roofer Matt Fruge. The startup is based in Fort Worth, Texas.
I2BF Global Ventures is an international venture fund. It invests in early-stage startups in the areas of SaaS, AI, IoT, AR/VR, robotics, RPA and automation, and digital health.
Author:
Karina Pardaeva
Source: RB
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