Fundsquire announces global launch of Grant Advance funding solution in the UK, Canada and Australia
The Australian, Canadian, and UK governments offer hundreds of grant programs to help fuel innovation and job growth. However, businesses applying for or receiving government grants face challenges typical of early stage companies, including matching contributions, proving alternative funding sources, and funding the delivery of their grant milestones.
Fundsquire will now offer straightforward, non-dilutive capital to solve these unique funding challenges for businesses that are leveraging grant programs, and is the first to launch a Grant Advance funding solution simultaneously across three expansive markets.
“We have amazing customers, and offering them funding options other than just R&D really changes the game for them. Whether they’re applying for a grant, or waiting for their next payment, Fundsquire can now offer capital to these innovative businesses. Helping solve complex funding problems often faced by businesses at this stage is a core part of our mission,” stated Damien Petty, CEO & Founder of Fundsquire
This launch follows the recent announcement of Fundsquire receiving AUD$75 million (£40 million) strategic investment from Fasanara Capital. Grant Advance is a step towards Fundsquire’s goals to introduce new, game-changing solutions in its existing markets, as well as enable tech development and market expansion in the coming year.
Many of the best-known advisors, investors and accountants have developed partnerships with Fundsquire to bring seamless funding options to their customers. The company’s leading global advisory partners for this launch include PwC, RSM, Ayming, BDO, and Grant Thornton.
“Along with our game-changing growth capital, we want to offer our customers a frictionless, valuable community of partners and perks. Our regional and global partners continue to help innovative businesses gain informed access to government grants. Together, our funding solution will help unlock the next steps of a business’s grant cycle and place them on the best route to success,” added Scott Spence, Managing Director of Fundsquire