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Venture Capital News: SquareDash Raises $20M Financing Round

2024-03-14
FORT WORTH, TX, SquareDash, the top payment advance platform in the property insurance restoration industry, today announced it has raised over $20 million in total financing to accelerate growth.
The latest equity round, led by FINTOP Capital, builds on SquareDash's previous equity raise in mid-2023 with participation from Hivers and Strivers, The PenFed Foundation, i2BF Global, The Hustle Fund, The Council and other angel investors. The company also secured a $15 million credit facility that can expand to $25 million as needed. The funds will be used to expand the company's payment advance and subscription services, grow the team, and invest in sales and marketing.

SquareDash is on a mission to empower roofing and restoration companies to overcome insurance claim challenges and get paid the same day they finish the work. SquareDash offers both claim funding and a subscription service to manage the administration through the billing, payment and collections process.
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