Location: British Columbia
Amount Financed: >$500k
Type of Facility: SR&ED Financing
Days to Fund: 14
Use of Funds: Transitioning a services business to a SaaS business can be costly. This company had found that their clients were very receptive to the recurring revenue business model but needed the cash to continue to develop their SaaS platform.
Company Background: This company has created a software product that allows users to track shipping activity around the world, and helps businesses effectively manage import-export businesses.