Fundbox has closed a new US$175 million asset-backed warehouse facility with MA Financial Group, deepening our relationship as we expand access to embedded capital across North America, including Canada.
The facility builds on MA’s earlier AU$100 million commitment supporting our expansion into Australia. It will support multiple platform partners and financing products through a single facility, helping us bring working capital to more small businesses through the platforms they already use.
For our partners, access to capital is one part of the equation. The infrastructure behind it also needs to accommodate different products, customer needs, and markets. This facility supports that flexibility as we grow alongside our platform partners.
“We’re excited to deepen our relationship with MA as we expand from the U.S. and Australia into Canada. By supporting multiple partners and products through a single facility, we’re continuing to scale embedded capital across markets and reach more small businesses globally,” said Renuka Nayani, Chief Financial Officer at Fundbox.
Since 2013, Fundbox has provided more than $7 billion in financing to over 190,000 small businesses. Through our technology, underwriting, and capital infrastructure, we help platforms offer financing within their own branded experiences, making working capital accessible where businesses already manage their day-to-day operations.
