SquareDash, a Fort Worth, TX-based provider of a payment advance platform for the insurance restoration industry, raised over $20M in total funding.
The latest equity round was led by Fintop Capital with participation from Hivers and Strivers, The PenFed Foundation, i2BF Global, The Hustle Fund, The Council, and other angel investors.
The company intends to use the funds to expand its payment advance and subscription services, grow the team, and invest in sales and marketing.
Led by CEO and Founder Matt Fruge, SquareDash empowers roofing and restoration companies to overcome insurance claim challenges and get paid the same day they finish the work. It offers both claim funding and a subscription service to manage the administration through the billing, payment and collections process.
Commenting on the news, Matt Fruge said: “With this latest funding, we’ll be able to help even more of these entrepreneurs get paid faster for their hard work and grow successful businesses. I’m grateful for the support of FINTOP Capital, PenFed Foundation, and all our investors who share our mission.“
FinSMEs
14/03/2024