Toronto, August 19, 2021 – Venbridge, the leading provider of venture debt to Canadian technology companies seeking an alternative to raising equity, today announces a new partnership with Railz to enable companies to connect their accounting systems to Venbridge’s new Growth Capital platform. The Growth Capital platform fully automates Scientific Research & Experimental Development (SR&ED) financing, allowing founders to unlock their tax credits months in advance.
The Growth Capital platform makes it easy and secure for companies to upload financial statements by integrating with their existing accounting systems. Powered by robust artificial intelligence, the platform can determine the companies’ eligibility based on financials, eliminating any bias.
“Our mission is to provide accessible venture debt that tech companies can depend on,” said Garron Helman, CEO of Venbridge. “Founders can now spend less time looking for funding and more time building their companies,” Helman added.
The partnership with Toronto-based Railz solidifies Venbridge’s commitment to supporting promising Canadian companies with cutting-edge technologies. “With a partnership between Venbridge’s platform and Railz’s Accounting Data-as-a-Service™ API, companies can now access faster funding for SR&ED.” Says Sohaib Zahid, CEO of Railz, “Venbridge and Railz partner technology services offer an exciting solution for founders to receive access to quick, simple, and unbiased funding.”
With Venbridge’s and Railz’s Growth Capital platform, entrepreneurs can now focus on scaling their companies while banking on quarterly cash instalments to boost their cash flow with ease.
Venbridge is the leading venture debt provider in Canada. Venbridge offers cost-efficient, non-dilutive financing to aspiring technology companies. Venbridge provides flexible funding options backed by SR&ED and other tax credits, grants, and recurring revenue. Venbridge’s financing solutions put founders in charge of their businesses and allow them to maximize their government tax incentives, better manage cash flow, and invest in the areas they need.
For more information about Venbridge, please visit venbridge.com
Railz is building a financial data network to empower financial institutions to make sense of accounting data across multiple platforms. Railz is a financial data-as-a-service solution that connects, normalizes, and analyzes financial data from top accounting service providers. Railz does this to make financing decisions faster, better, and easier for financial institutions and their commercial and small-medium business (SMB) customers.