When we were introduced to FirePower’s lending model, we had an opportunity for enormous growth but faced the capital constraints associated with making the incremental investment to pursue growth. Through their due diligence process, they gained a deep understanding of CheckSammy’s business model (reoccurring, service-based revenue). FirePower provided a financing solution that allowed us to avoid dilution and make the necessary investments to our technology and employee base to grow the business. The service from their team stood out amongst other lenders, acting with the necessary urgency to execute the deal from a signed term sheet to the disbursement of the first tranche.
