Forward Financing Serves Over 100,000 Small Businesses and Secures $1.8 Billion in New Funding
Forward Financing has reached a milestone by serving its 100,000th small business customer since launching in 2012. The fintech company has provided over $5.4 billion in capital to these businesses during that time. In addition, Forward announced a multi-year forward flow agreement with an unnamed New York-based private credit fund under which the firm will purchase up to $1.8 billion of advances over three years. The new funding arrangement is designed to scale alongside Forward's growing volume and supports its full range of products including revenue-based financing and business loans. The company emphasized that this diversification strengthens their resilience, ensuring they can continue supporting small businesses when needed most. This development follows recent institutional funding arrangements and reflects the increasing recognition of the importance of capital access for small enterprises. Forward Financing is a Boston-headquartered fintech with operations in multiple countries. It has been recognized as an A+ rated company by the Better Business Bureau, certified as a Great Place To Work® in both the US and Dominican Republic, and recently listed on Inc.'s 5000 fastest-growing private companies.