FundThrough Review (June 2024) – Pros, Cons, Features, & Pricing

If your business is experiencing cash flow problems due to slow-paying accounts receivables, FundThrough may be the solution you need. Check out our FundThrough review for more details below.

Editorial Note: Comparewise is supported by our readers. When you find products and services through links on our site, we may earn commission.

Last Updated: Jun 16, 2024


  • Get money your business needs in no more than one business day
  • FundThrough delivers 100% of your invoice amount
  • No more tracking down clients and settling accounts

Solve your cashflow issues and take advantage of invoice financing - Claim this offer

A lack of cash flow can be detrimental to a business’s success. When it comes to paying creditors or employees, there can be added stress on business owners.

FundThrough is a leading fintech company that specializes in both invoice factoring and invoice financing. They fund unlimited capital to businesses in several industries based on unpaid client invoices.

Without working capital, organizations can experience stagnation in growth and expansion.

About 37% of Canadians experience delays in receiving payments from customers and clients. It is estimated to take more than 30 days for an account to be settled.

While obtaining a loan can solve cash flow issues, not every business will be approved for financing. In this case, organizations can look at alternatives such as invoice factoring and invoice financing.

This comprehensive FundThrough review will delve into what FundThrough offers and how businesses can use their services.

Why Choose FundThrough?

Here’s a summary of why you should choose FundThrough to kick off our FundThrough review. If you make sales to customers on credit, then you may have experienced delays in payments. In such instances, you’ll need rapid solutions to increase your available cash.

FundThrough caters to businesses in any industry, from construction to staffing. They give millions of companies access to an online invoice funding platform, which saves time and makes it more convenient to solve cash flow issues.

They offer two funding solutions tailored to different scales of organizations. You can choose which best suits your business depending on the value of your customer invoices. What’s more, is you’ll have access to your funds in as little as 24 hours.

They comprise a helpful team and demonstrate a solid determination to help small businesses thrive. Their customer support is top-notch, and they’re upfront about the costs and fees involved in every transaction.

Pros and Cons of FundThrough

Here’s a snapshot of the pros and cons of FundThrough in our FundThrough review.

+ Rapid funding
+ 100% advance rate
+ Transparent fees
+ Saves time
+ Simple application process
– Technology requirements
– Weekly repayment schedule

FundThrough Review: Pros of Using FundThrough

For the short version of this FundThrough review, check out our list of pro’s and con’s for their brand and services.

Rapid Funding

When dealing with some factoring companies, it can take anywhere from one week to a month to receive your funds. FundThrough trumps that time by sending businesses the money they need in no more than one business day.

100% Advance Rate

I’ve found that some factoring companies are only willing to fund 80% to 90% of the value of an invoice. What’s impressive about this invoice funding service is that they deliver 100% of the invoice amount.

Transparent Fees

They charge businesses one price upfront. This way, customers can avoid hidden costs such as excessive processing fees, late fees, and early termination fees.


Invoice factoring and financing saves you the time it would take to track down clients and settle accounts. In other words, you can focus on your business operations while ensuring your expenses are paid.

Simple Application Process

Unlike applying for a loan, you won’t have to jump through multiple hoops to receive funding with invoice factoring and financing.

You’ll have to provide business and personal documentation. However, not every aspect of your business will be scrutinized. This can be especially useful for companies that have just started operating.

Cons of Using FundThrough

And now for the con’s in this FundThrough review. The con’s are pretty honest and reflect the customer experience.

Technology Requirements

Your business must use online banking to qualify for invoice factoring and financing with FundThrough. In addition, the use of accounting software such as QuickBooks may also be a requirement for eligibility.

Weekly Repayment Schedule

Their Invoice financing service offers a weekly repayment structure, unlike traditional loans that allow you to pay monthly or bi-weekly.

FundThrough Services

Their principal service offerings are invoice factoring and invoice financing.

They provide businesses of any scale with capital for outstanding customer invoices. Moreover, companies can receive unlimited funding depending on the size of their invoices.

There are two types of funding solutions you can apply for depending on the needs and scale of your organization. These are velocity invoice factoring and express invoice financing.

FundThrough ServicesFeatures
Express Invoice FinancingReceive funds within 24 hours to keep your cash flow going
Velocity Invoice FactoringBest for businesses that make credit sales with a value ranging from $15,000 to $10 million

Express Invoice Financing

Businesses that make credit sales with a value ranging from $500 to $15,000 can benefit from this financing solution.

Express Invoice Financing is similar to a loan or a line of credit. Once you receive your funds within 24 hours, you’ll be responsible for repaying the loaned amount in 12 weekly installments.

You’ll be charged a weekly fee of 0.5% of the outstanding amount when using this service.

Velocity Invoice Factoring

This alternative rapid financing solution is best for businesses that make credit sales with a value ranging from $15,000 to $10 million.

With Velocity Invoice Factoring, you can receive funding for unsettled customer invoices in as short as one business day. In addition, they pay out the total of the invoice all at once. Unlike other platforms that often pay a portion upfront and the remainder when your customer settles their account.

You’ll incur a monthly fee depending on the terms of the invoice.

The following is a breakdown of the fees per period:

  • 1 to 30 days: 2.5%
  • 31 to 45 days: 3.75%
  • 46 to 60 days: 5%
  • 61 days and more: 7.5%

The primary difference between these cash flow solutions is who receives payment on the business’ outstanding invoices.

When you factor your invoices, your customer will pay the invoice amount to FundThrough, as per the terms of the invoice. However, with invoice financing, your customer pays you as arranged.

How Safe Is It to use FundThrough?

FundThrough ensures that your information remains safe as you apply for either invoice financing or factoring. Sensitive information receives bank-grade encryption. In addition, they only collect and store information they need to offer you the relevant solution for your business.

Third parties, except credit companies, aren’t privy to your information without your permission.

They perform regular security sweeps to ensure data is secure and not susceptible to external threats. Their use of top-class infrastructure ensures the physical safety of data and the maintenance of up-to-date hardware and software.

FundThrough Customer Service

FundThrough is top-rated in terms of customer satisfaction in its industry.

When it comes to getting in touch with their personnel, there are many options available. You can either reach them by phone, email, or live chat on their website.

In my experience, their customer support team is always friendly and readily available to answer queries during business hours.

Navigating Their Online Platform

As a leading online invoice funding platform, you would expect efficiency from the moment you land on the site. And I can confirm that this is precisely what you’ll get.

The website has a sleek and simple user interface with a gentle blending of the company’s brand colours.

Visitors can easily find what they’re looking for via the navigation bar at the top of the screen. Readability is excellent and, depending on your internet connection, you shouldn’t experience delays in load times.

How to Get Started with FundThrough

Setting up an account with them is pretty simple. The first step is to create a free account either on the website or mobile app.

After that, you’ll be required to provide the following documentation:

  • Business formation documents
  • A government-issued photo ID
  • A void check from your business checking account
  • Authorization to review your organizations’ tax history to verify your business information

Bear in mind that you may be required to provide more information to verify your identity and business details.

Next, the system will prompt you to connect to your organization’s accounting software. You’ll then have to fill in basic details about your company, as well as information about your revenue and customers.

The final step is to link your business’s bank account to your profile and set up a direct deposit.

After completing these steps, the approval process begins. If approved for financing, you’ll receive the value of your invoices within one business day.

Possible Alternatives

Perhaps you’re looking for an invoice funding service with fewer technology requirements and the option to pay monthly. If that’s the case, you may want to consider the following alternatives.

Capital Hands

Capital Hands is a company based in Canada that specializes in business funding. Dealing in invoice factoring, Capital Hands is an alternative to consider if FundThrough doesn’t seem like the right fit for your business.

They cater to a wide range of industries and organizations. And the application process for financing on their online platform is straightforward.

Greenbox Capital

Greenbox Capital is an alternative lender with a sole focus on Canadian and American small businesses. They offer invoice factoring for outstanding credit sales, amongst other services, for most business types and industries.

Unfortunately, they don’t payout for the total invoice amount. However, they do guarantee that relationships with your customers won’t be tarnished during the collection process.

FundThrough Review Conclusion

FundThrough is the ideal solution for any business that is low on cash due to overdue debtor accounts. Their wait time is shorter than most invoice funding services. But if approved, you’ll have access to funds in as little as 24 hours. If you’re strapped for cash and need an immediate injection of funds into your business, I recommend you give them a try. With their quick turnaround time, you can cover necessary business expenses without delay. This concludes our FundThrough review.

FundThrough Features

How To - Comparewise

Customers from Many Industries Choose FundThrough Invoice Factoring5 minutes

How To - Comparewise
Accelerate Your Cash Flow

FundThrough is the most powerful invoice funding platform that lets you access capital on your terms.

How To - Comparewise
Get the Funding You Need on Your Terms

FundThrough provides unlimited working capital based on the size of your outstanding customer invoices.

How To - Comparewise
Top-Rated Invoice Factoring

FundThrough has the highest customer satisfaction rate in the industry.

You might also like…

Discover Investment Opportunities

Make your money do more.

12 Results

Advertiser disclosure

Offers shown here are from third-party advertisers. We are not an agent, representative, or broker of any advertiser, and we don’t endorse or recommend any particular offer. Information is provided by the advertiser and is shown without any representation or warranty from us as to its accuracy or applicability. Each offer is subject to the advertiser’s review, approval, and terms. We receive compensation from companies whose offers are shown here, and that may impact how and where offers appear (and in what order). We don’t include all products or offers out there, but we hope what you see will give you some great options.

Young investors can trade stocks and ETFs, all for free.
Min Investment
Target Return
Get up to $1,200 in cash coupons
Min Investment
Target Return
Invest in a 3.25% 5-year GIC today.
Min Investment
Target Return
Flexibility with a great return.
Min Investment
Target Return
Get up to $150 cash bonus
Min Investment
Target Return
High return on a shorter term.
Min Investment
Target Return
Sign up & Get $20 in BTC
Min Investment
Target Return
Buying and securing gold has never beeng more simple and affordable.
Min Investment
Target Return
Buy and sell gold, silver & platinum online at the best price.
Min Investment
Target Return
Retire up to 30% wealthier with Questwealth Portfolio.
Min Investment
Target Return
Get a $100 welcome bonus, when you make your top-up*
Min Investment
Target Return
Get $25 bonus with code: 9APOU9
Min Investment
Target Return

FAQs about FundThrough

What is FundThrough?

FundThrough is online-based that allows you to access capital your own way. FundThrough allows for your money to grow with the size of your invoices.

Why should I apply for FundThrough?

FundThrough allows you to access your cash that is connecting with your outstanding invoices immediately. This means that you are in control of your own fund.

Which FundThrough is right for me?

1. Velocity

Recommended for businesses that regularly invoice $15,000 or more on a single customer(s). Learn more about Velocity on FundThrough's website.


Recommended for businesses that invoice less than $15,000 for each customer. Learn more about Express on FundThrough's website.

What do I need to apply?

You will need business documents (which will be stated upon application), driver's license or passport, direct deposit form from your business, tax history reports and banking history.

Is FundThrough safe?

FundThrough prioritises to ensure that your data stays private. They use the same encryption as bank and does regular thorough checks to see any threats.



September 6, 2022
Co-authored by

Grow your finances today.

By submitting, you agree to comparewise’s terms of use and privacy policy.

You may also like

If you’re looking for a financial services provider offering easy personal loans, this ...
*Limited time only – Get a $20 cash bonus with code: COMPAREWISE by opening an account ...
While Canadians are familiar with long-standing Equitable Bank, they may not be as acqu...
Laurentian Bank occupies a good position in the list of top ten banks in Canada. With o...
Chase Payment Solutions is one of the top payment solution providers in Canada when it ...
Car loan?
Personal Loan?

Top deals await you just a short
application away!