Austin, TX // fully remote company
Jobs posted: 1
Upside Financing enables Consumer Packaged Goods (CPG) businesses to take advantage of extended payment terms for their Inventory and PO purchases. In turn, this allows Brands and Manufacturers to grow at the speed of their business instead of traditional banking relationships or by resorting to dilutive equity raises.
Upside was created to address major pain points our founding team of CPG executives have lived, breathed, and experienced in previous companies. And as we’re seeing through rapid traction with customers and capital partners, we weren’t the only ones searching for this solution.
Prior to our formal launch (coming soon!), we’ve received $190mm in total debt offers and closed a $10.6mm seed round from carefully vetted VCs in Silicon Valley with consistent and successful track records. Within 16 weeks, we lined up the $10.6mm in equity, closed a $30mm debt facility, executed partnerships opening up a pipeline of over 10,000 customers, and perhaps most importantly - hired a knowledgeable team (14 and counting!) made up of different talents, backgrounds, and experiences.