Updates, milestones, and links shared by SquareDash.
The company has received multiple term sheets on $10M-$20M debt facilities and is in the process of raising an equity round to satisfy the capitalization requirements of the debt. This new facility will unlock $100M- $200M of pipeline, immediately.
Successfully closed an oversubscribed seed round, led by Hivers and Strivers, with a co-investment by The PenFed Foundation. Angel investors include Elizabeth Yin (The Hustle Fund), Amber Illig (The Council), Darwinian Ventures, Allison Barr-Allen (Uber payments alum), Reed McBride (VP @ Carta), Jarrod Yound, and Spencer Bryson
Launched our accounting and receivables factoring product to Luck Roofing.\r\n\r\nLuck produces ~$300K in monthly revenue, and we charge a 5% fee to facilitate all customer payments and factor Luck's receivables.\r\n\r\nStripe raised our weekly ACH processing limit from $10k/week to $500k/week.\r\n\r\nWe secured a lending partner with a $75M debt facility.