FundThrough, a FinTech platform specialising in invoice factoring for small and medium-sized businesses (SMBs), has acquired Ampla, a leading financial technology provider supporting consumer brands with working capital, business banking, corporate cards, and analytics.
The strategic acquisition comes alongside a $25m Series B equity investment led by Klister Credit Corp., a long-time backer of FundThrough and an early investor in Shopify. This dual move aims to strengthen FundThrough’s digital-first ecosystem and further scale its reach across key growth verticals.
Headquartered in Houston and Toronto, FundThrough offers SMBs flexible, real-time financing solutions by leveraging AI and predictive analytics. The platform addresses the cash flow challenges small businesses face when selling to larger companies that delay invoice payments—effectively enabling SMBs to access funds tied up in receivables.
With the acquisition of Ampla, FundThrough plans to enhance its AI-powered credit underwriting and monitoring capabilities, accelerate product innovation, and invest in user experience improvements.
FundThrough CEO Steven Uster said, “Business owners have increasingly been forced to act like banks for their much larger customers who extend invoice payment terms beyond reasonable lengths. They need a seamless way to bridge the cash flow gap, and FundThrough provides a tech-enabled financial solution.
“Now, Ampla’s technology significantly enhances FundThrough’s AI-powered model, enabling us to level the playing field further. With Ampla, we can scale faster, enhance our credit underwriting and monitoring processes, and help even more businesses solve their number one pain point, cash flow. I’m excited to work with Anthony, a proven entrepreneur with vast knowledge in this space.”
Ampla CEO Anthony Santomo will continue as a strategic advisor, alongside his core team. Santomo said, “I’m excited about Ampla’s acquisition by FundThrough and the potential of the combined platform to support small businesses. This strategic move enhances commerce capabilities and provides operators with greater resources to succeed.”
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