Since its founding in 2012, Forward Financing has deployed more than $5.4 billion in working capital. The new funding arrangement is designed to scale alongside the company’s rising volume, supporting its core revenue-based financing and business loan products. CEO Jason Mullins noted that reaching the 100,000-customer mark highlights the persistent demand for flexible capital among American small businesses.
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Forward Financing Hits 100,000 Customers with $1.8 Billion Credit Deal
Boston-based fintech Forward Financing has officially reached a milestone of 100,000 small business customers served. To sustain this growth, the company secured a $1.8 billion forward flow agreement with a New York private credit fund, ensuring a steady stream of capital for small businesses over the next three years.
CFO Christopher Chiou emphasized that the deal bolsters the firm’s capital base, which has become increasingly diversified. This move strengthens the company's ability to provide same-day funding through its proprietary underwriting models. The firm, which recently earned a spot on the Inc. 5000 list of fastest-growing private companies, currently operates across the United States, the Dominican Republic, and Canada.
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