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Fundthrough Review: Pros, Cons, & How to Apply

Businesses that sell on credit and invoice customers often have to wait 30 days or longer before getting paid. That delay in funding can cause significant cash flow interruptions if business expenses accrue before payment.

Many small businesses turn to invoice funding options when faced with that dilemma. FundThrough is an online invoice funder that provides a quick and convenient sign-up process and fast funding time.

However, the service might not be the right choice for every small business. We can help you decide if FundThrough suits your invoice financing needs by covering the benefits, drawbacks, and application process.

Specifically, we’ll answer these questions and more:

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    What is FundThrough?

    cash, flow, cash flow

    FundThrough is an online financial services company providing invoice factoring for businesses with outstanding customer invoices in their accounts receivable (AR). The funder uses a financial technology (fintech) platform to help fund invoices quickly and efficiently.

    It helps companies that sell on credit convert unpaid invoices into immediate working capital. The company launched in 2014 and purchased BlueVine’s invoice factoring unit in January 2022.

    It primarily services small businesses in Canada and the USA. It is based in Toronto, Canada. FundThrough USA Inc. loans are made or arranged pursuant to California Finance Lenders Law License.

    How does FundThrough Invoice Financing work?

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    FundThrough’s invoice factoring offers the following features:

    • Advance amount: Up to 100% of the invoice value.
    • Rates: 2.75% – 8.25% depending on invoice terms.
    • Funding max: Unlimited funding.

    Invoice funding, or invoice factoring, is a business-to-business transaction where a company sells its unpaid invoices in exchange for a cash advance. FundThrough issues up to 100% of the invoice value minus its fee.

    The funder owns the invoice and collects payment from your customers. The fee is called the factor rate or sometimes the discount rate since the company purchases the invoice at a discount.

    Velocity Invoice Factoring

    FundThrough provides rapid funding with its Velocity Invoice Factoring platform. The streamlined, AI-powered process connects directly to your accounting software for easy invoice upload.

    You’ll register an account with the company. If approved, you can begin uploading your outstanding invoices and receive payment as soon as the next day.

    FundThrough Invoice Factoring Rates

    The online funder charges a single fee for its service. There are no hidden fees or surprises.

    It uses a fee-tier system based on the terms of your invoice. Most businesses use net-30 terms, meaning the company you invoice has 30 days to pay.

    Here are the rates by invoice length:

    • 1-30 days: 2.75%.
    • 31-45 days: 3.75%.
    • 46-60 days: 5.5%.
    • 61 days+: 8.25%

    What businesses does FundThrough work with?

    port, pier, cargo containers

    The company doesn’t publish qualifications regarding minimum credit score, time in business, or annual revenue. However, it does provide some basic information about what it takes to open an account.

    Types of Businesses

    FundThrough states it typically works with:

    • Companies located in the USA or Canada.
    • Companies that invoice large businesses such as big box stores or major industry buyers.

    Basic Eligibility Requirements

    Most businesses are a fit if they meet the following criteria:

    • Outstanding invoice of at least $100,000 in AR.
    • Invoices for other businesses (B2B) or government agencies (B2G).
    • Invoices issued for finished work.
    • No construction or real estate.
    • No explicit liens on the invoices that you cannot remove.


    FundThrough works with businesses in the following industries:

    • Wholesale.
    • Small business.
    • IT.
    • Engineering.
    • Manufacturing.
    • Apparel.
    • Security.
    • Waste Management.
    • Automotive.
    • Government.
    • Janitorial.
    • Education Providers.
    • Agriculture.
    • Hospitality Staffing.
    • Home Healthcare.
    • Medical.
    • Commercial.
    • Oilfield.
    • Export.
    • Transportation.
    • Staffing.
    • Freight.
    • Trucking.

    For FundThrough, You Need to Know That:

    office, startup, business

    Invoice factoring can be an expensive way to gain business funding. However, with the company’s transparent fee structure, you don’t have to worry about hidden fees or surprises.

    The company’s invoice factoring platform is mobile-friendly. You can download the FundThrough app for convenient factoring on the go.

    You will have to connect your business bank account when you sign up. The company’s platform connects to your business bank account to quickly analyze your financials. It also streamlines the funding process so that you receive your money sooner.

    There are no contracts, and you don’t have to factor a certain number of invoices. But it can be difficult to close your account. You must contact a funding specialist team member to begin the process.

    The online funder offers a business loan affiliate program. ISOs and business loan brokers can register to provide the company’s invoice factoring service to their small business clients.

    How can I sign up for FundThrough?

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    Signing up to FundThrough is quick and easy. Follow these steps to start factoring invoices with the funder.

    Step 1: Create or Connect an Account

    You can register your free account and sign up for direct deposit with the company’s simple sign-up form. If you have QuickBooks or OpenInvoice, you can connect your account for quicker service.

    You must confirm some personal and business details by uploading your government ID and business formation paperwork.

    Step 2: Upload Invoices

    If approved, you can begin uploading your invoices manually or pull in eligible invoices from QuickBooks or OpenInvoice. Select what invoices you want to factor and submit them in one click.

    Step 3: Get Funded

    Once your invoices are approved, the company sends the funds for invoices paid to your business bank account. You could receive them as soon as the next business day.

    FundThrough, Post Funding:

    clock, money, growth

    The post-funding process is straightforward. When FundThrough approves and funds an invoice, it owns it and collects payment from your customer.

    Part of the process involves FundThrough notifying your customers that it owns the invoice. That means they will know that your company is experiencing cash flow issues.

    FundThrough states it always keeps interactions positive and professional and contacts you before reaching out to your customers. Once your customer pays their invoice, your obligation is fulfilled.

    What are the advantages of FundThrough?

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    The primary benefit of FundThrough is that it helps you convert unpaid invoices into working capital to help smooth out cash flow gaps. It provides a convenient online application and a simple, mobile-friendly platform for invoice uploads.

    FundThrough also provides up to 100% of the invoice amount on advances. It publishes a transparent fee structure so you can always know the costs.

    There are no contracts, so you don’t have to sign up for a certain number of months or factor a set number of invoices. Some factoring companies require you to factor all invoices.

    What are the disadvantages of FundThrough?

    board game, checkmate, chess

    One of the drawbacks is that you must connect your business bank account and accounting software, if available. Those technology requirements could be a challenge for some small businesses.

    The service is a notification factoring company, meaning it notifies your customers when it takes over ownership of the invoices. That could potentially hurt your reputation or relationship with your customers.

    Some online reviews suggest you’ll have weekly payments due until the invoices are paid off. You must also have a minimum of $100k in invoices due in your AR to qualify.

    Pros & Cons

    weigh up, plus, minus


    • Advances for up to 100% of the invoice value.
    • Fast funding.
    • Convenient online application and invoice upload platform.
    • Mobile-friendly.
    • Transparent fee structure.


    • Technology requirements to connect to online accounts.
    • Notifies your customers when it takes over your invoices.
    • Possibly has weekly payments until invoices are paid.
    • You must have at least $100k in unpaid invoices to qualify.

    Apply for business funding through United Capital Source today.

    Fundthrough Frequently Asked Questions

    Is FundThrough legit?

    Yes, FundThrough is a legitimate online invoice factoring company. While it is not Better Business Bureau (BBB) accredited, it does have an A+ rating on the watchdog site. It’s also a verified company on Trustpilot.

    What do FundThrough reviews typically focus on?

    FundThrough has mixed reviews on different sites. It has a 4.6 out of 5 rating on 185 Google reviews. But it only has a 2.6 out of 5 on 5 TrustPilot reviews. FundThrough also has a 3 out of 5 rating on the Intuit QuickBooks app store.

    Can I get FundThrough with bad credit?

    The company doesn’t set a minimum credit score for approval, so getting invoice factoring with a low credit score might be possible. Repayment comes from your customers, so the online funder will likely weigh your customers’ creditworthiness more than yours.

    What if FundThrough declines me?

    FundThrough’s service only makes sense for businesses that sell on credit to other businesses or government agencies. You need reliable clients, typically more prominent companies.

    If you were declined, the denial letter should explain why. You can contact the funder if you need more information.

    Fortunately, many funding options are available if FundThrough doesn’t work out for you. Many offer invoice factoring services. There are also other small business loans to consider.

    Making Your Decision

    doors, choices, choose

    FundThrough is best suited for businesses that sell on credit to large, established companies or government agencies and need help with funding invoices to avoid cash flow interruptions. The service provides fast funding with a convenient and mobile-friendly platform.

    However, businesses that don’t need help with invoice financing must find a different funding option. Established companies with excellent credit can also likely find lower-cost business financing.

    Based on user reviews, the available funding products, and website transparency, we rate FundThrough at 3.9 out of 5. It’s a solid invoice factoring option, and the transparency on costs is excellent, but the lack of additional funding options and negative reviews are a detriment.

    Disclaimer: The FundThrough trademark is owned by FundThrough Inc., FundThrough USA Inc. and its use herein is for reference purposes only and it does not indicate sponsorship or endorsement from FundThrough Inc., FundThrough USA Inc.

    Apply for business funding through United Capital Source today.

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    Why businesses choose UCS:

    Quick funding options that won’t affect credit
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    Financing up to $5 million in as few as 3 days
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        At UCS, we understand the value of your time and want to ensure that your application has a great chance of approval. Please take note of the following details before applying:
        • To be eligible, it’s necessary to have a business bank account with a well-established U.S. bank such as Chase, Wells Fargo, Bank of America, Citibank, or other major banks. Unfortunately, online-based bank accounts like PayPal, Chime, CashApp, etc., are not permitted.
        • When describing your current average monthly sales deposits to your business bank account, please provide accurate information. Our approval process is based on your current business performance, and it’s essential to provide accurate details about your current sales in the first question on the application form. We cannot approve applications based on projected revenues after receiving funding.
        We appreciate your understanding and cooperation in ensuring a smooth and successful application process.
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