FundThrough Expands with Acquisition of Ampla to Boost Digital Invoice Funding

FundThrough, a prominent fintech invoice factoring platform, announced its acquisition of Ampla, a leader in financial technology solutions targeting consumer brands. This acquisition aims to significantly enhance FundThrough's digital-first ecosystem, which caters to SMBs, particularly those waiting for large corporate clients to pay invoices. This strategic move will allow FundThrough to scale its operations and improve credit underwriting and monitoring processes using Ampla's technology. The integration also enables broader service offerings across sectors like retail, manufacturing, and technology. Anthony Santomo, CEO of Ampla, will stay on as a strategic advisor. In tandem with the acquisition, FundThrough raised $25 million in Series B funding led by Klister Credit Corp., enhancing its growth strategy in areas like AI advancements, further acquisitions, and product innovations. FundThrough's efforts have consistently focused on supporting small businesses against the backdrop of economic uncertainties, and this acquisition is another step toward driving innovation and extending resources to its clientele.