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Kashcade banks $1 million ahead of R&D tax incentive loans rollout

May 01, 2024•about 1 year ago

Amount Raised

$1 Million

Round Type

seed

Sydney

Investors

Rixon CapitalPrandium Capital

Description

Kashcade, a fintech company, has raised an additional $1 million from existing investor Prandium Capital and several high net worth individuals. In addition, they secured a $22 million warehouse facility funded by asset-backed lending specialist Rixon Capital. The company plans to use the funding to expand into the R&D lending space, enabling startup founders to borrow against future R&D Tax Incentive refunds and to improve their automated financial analysis software.

Company Information

Company

Kashcade

Location

Sydney, New South Wales, Australia

About

Kashcade provides non-dilutive start-up loans to tech companies with predictable revenue streams. Founders apply online in minutes and access funds in as little as 48hrs, to get finance on demand. Loan terms are founder-friendly, absolutely no equity is given away, and accessing capital is flexible and effortless. With Kashcade, start-up founders spend less time fundraising, more time serving customers and keep more of their business.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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