About Fora Financial
Fora Financial is a company that focuses on providing capital funding in the financial services sector. It offers small business loans and revenue advances, which are financial solutions designed to help businesses manage their cash flow and accommodate temporary revenue dips. The company primarily serves sectors such as auto, construction, manufacturing, medical, restaurants, retail, services, transportation, and wholesale. It was founded in 2008 and is based in New York, New York .
Latest Fora Financial News
Feb 15, 2024
Fora Financial Surpasses $4B in Capital Provided to Small Businesses February 15, 2024, 07:23 AM Fora Financial , a provider of short-term financing to the SMB community, announced it has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a record-setting 2023, in which it supplied the nation’s small businesses with over half a billion dollars of flexible financing. “In a year of challenging economic conditions when small business confidence levels fell to historical lows, the Fora Financial team took great pride in expanding our support for the SMB community,” said Andrew Gutman, Fora Financial’s Chief Operating Officer. After achieving this significant milestone, Fora Financial has continued its impressive momentum entering 2024. In January, the company deployed more capital than in any previous month in its history. "This record-setting month further solidifies our dedication to supporting the SMB community amidst economic uncertainty," said Gutman. "Our broad sales relationships, diversified capital base, and deep funding experience enable us to continue financing small businesses through the ups and downs of the economic cycle." As the SMB community continues to navigate through the challenges ahead, Fora Financial remains steadfast in its mission to provide essential financial support to small businesses across America.
Fora Financial Frequently Asked Questions (FAQ)
When was Fora Financial founded?
Fora Financial was founded in 2008.
Where is Fora Financial's headquarters?
Fora Financial's headquarters is located at 519 Eighth Avenue, New York.
What is Fora Financial's latest funding round?
Fora Financial's latest funding round is Line of Credit.
How much did Fora Financial raise?
Fora Financial raised a total of $130M.
Who are the investors of Fora Financial?
Investors of Fora Financial include Castlelake, Truist Financial and Palladium Equity Partners.
Who are Fora Financial's competitors?
Competitors of Fora Financial include Kapitus and 6 more.
Compare Fora Financial to Competitors
Chadley Capital specializes in accounts receivable financing within the financial services sector. The company offers solutions that convert accounts receivable and contracts into profits for clients, focusing on improving cash flow through the acquisition of invoices. Chadley Capital primarily serves the global factoring industry, providing an alternative to traditional lending by purchasing client invoices for short-term financial solutions. It was founded in 2017 and is based in Dover, Delaware.
Juuri Partners is a private equity investment fund that finances established and profitable small and medium-sized enterprises in Finland. Juuri Partners offers growth-focused companies a new business development and financing concept that combines active minority ownership, business operation support, and debt financing.
Lumi provides small business funding solutions offering access to structured finance solutions. The company offers solutions including small business loans, business lines of credit, and more through its online platform. The company was founded in 2018 and is based in Sydney, Australia.
CAN Capital provides a platform for small businesses to access alternative capital sources. It uses proprietary risk models combined with daily performance data to evaluate business performance. The company was formerly known as Capital Access Network. It was founded in 1998 and is based in Marietta, Georgia.
ConnectedFi is a company that focuses on developing origination software for the commercial finance industry. The company's main offerings include a platform that allows asset finance intermediaries to distribute business, along with documentation and underwriting data, to funding sources for immediate processing. This service is primarily targeted towards the commercial finance industry. It is based in London, England.
Aryza provides a range of software solutions designed to manage various stages of the credit-debt cycle, including customer and loan origination, customer and loan management, recovery and collections, debt management, insolvency, and creditor services. Aryza primarily serves sectors such as banking and lending, debt and insolvency, telecoms and utilities, e-commerce, and government. Aryza was formerly known as Vision Blue. The company was founded in 2002 and is based in Dublin 15, United Kingdom.