Grapple
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|
Revenues | <1m | <1m | 2.7m | 2.7m |
% growth | - | 25 % | 440 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | - | ||
* | $6.5m | Early VC | |
* | $35.0m | Lending Capital | |
Total Funding | AUD10.0m |
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Recent News about Grapple
EditGrapple is a financial technology company that specializes in providing digital working capital funding solutions for small and medium-sized enterprises (SMEs) in Australia. The company operates in the financial services market, focusing on innovative funding options that help businesses manage their cash flow more effectively. Grapple's core services include flexible invoice and supplier finance solutions, which allow businesses to receive early payments on their invoices and offer their suppliers early payment options. This helps to strengthen supplier relationships and improve overall cash flow management.
Grapple's business model revolves around leveraging cutting-edge technology to streamline the funding process. The company's platform integrates seamlessly with clients' invoicing software, enabling live data transfer and instant access to funding information. This technology-driven approach ensures a quick and transparent approval process, with verification and funding completed in minutes.
Grapple generates revenue through a fee-based structure. For invoice financing, the company charges a low 1% fee per instalment, allowing businesses to pay their invoices in four monthly instalments. For supplier finance, Grapple charges a 4% fee, providing instant payment to suppliers while allowing customers to pay over four interest-free monthly instalments.
Grapple serves a diverse range of clients, from new businesses looking to manage their cash flow to large corporations with extensive supply chain programs. By offering flexible and transparent funding solutions, Grapple aims to help Australian SMEs thrive in a competitive market.
Keywords: digital funding, working capital, SMEs, invoice finance, supplier finance, cash flow management, fintech, seamless integration, instant payment, flexible solutions.