alberta-payment-developer-201808
Project Description:
Amount Funded: $250,000
Amount Funded: $250K - $500K
Industry: Software Development
Province: Alberta
Type of Facility: SR&ED financing
Days to Fund: 8
Use of Funds: Every few years, this company has a step-change in revenue. This business found the perfect product-market fit and has landed a massive contract which will provide them with consistent recurring revenue. The additional capital from financing its SR&ED claim helped with operating expenses so that the company could continue to meet its client's needs.
Company Background: This company is a leader in point-of-sale system integration, allowing merchants to connect payment devices with point-of-sale systems.
