Fundd provides working capital against qualified government and institutional receivables, using the strength, maturity and expected payment timing of the underlying receivable to determine financing.
Financing subject to receivable eligibility, underwriting and applicable legal requirements.
Organizations can have substantial revenue due from credible institutional payors while still waiting weeks or months for cash. During that period, payroll, operations, expansion and other obligations continue.
Traditional underwriting may emphasize organizational credit, collateral and historical financials even when a specific institutional payment is highly predictable.
Alternative financing solves speed and access but is often priced around general operating risk rather than the quality of a specific receivable.
Fundd evaluates the underlying payment right, including the payor, receivable stage, documentation and expected payment timing.
The receivable may be stronger than the organization's balance sheet suggests. Fundd is built around that distinction.
The closer a receivable gets to verified payment, the lower the risk.
Fundd assesses receivables across factors including institutional payor strength, receivable stage, documentation and verification, expected duration, and program-specific requirements.
Two receivables from the same organization may warrant different pricing depending on how far each has progressed toward payment.
Tell us what you're waiting to be paid for. The organization submits information and supporting documentation for the institutional receivable.
Fundd evaluates the payment right. Fundd reviews the payor, underlying program, documentation, receivable stage and expected timing.
Risk determines structure and economics. Eligible receivables are assigned a Risk Ladder profile that informs advance rate, pricing and structure.
Access capital before the institution pays. Once approved and documented, financing is provided against the eligible receivable. Payment mechanics are established based on the applicable program and legal structure.
Availability, advance rates, pricing and transaction structure vary by receivable and jurisdiction.
Fundd's initial focus is state-administered child-care subsidy receivables within the broader Child Care and Development Fund ecosystem.
Child-care subsidy receivables provide a useful starting asset class because they can combine recurring provider payments, standardized underlying services, identifiable institutional payors and observable stages between service delivery and payment.
Required qualifier: Fundd evaluates individual programs and jurisdictions for financeability, payment visibility and legal structure before deployment.
Fundd is building an underwriting and financing framework designed to extend selectively across multiple categories of institutional payments.
Federal, state and local contracts and qualified receivables.
Subsidy, reimbursement and other qualified program payments.
Qualified institutional reimbursement streams.
Qualified payment rights arising within tax-credit and scholarship funding ecosystems.
Qualified commitments and receivables from established institutional payors.
Required qualifier: Expansion is program-specific and subject to legal and underwriting validation.
Fundd's founder is actively working within emerging government and tax-credit funding systems, including national infrastructure around the Federal Scholarship Tax Credit launching in 2027.
FSTC launches in 2027 with participation already elected by dozens of states, creating a new national funding ecosystem for scholarship organizations.
Evidence of proximity to evolving funding systems, not a claim that FSTC contributions are a Fundd receivable product.
Fundd is not simply financing individual invoices. Each transaction contributes to a growing program-level understanding of institutional payment behavior.
Which types of institutional receivables can be financed, and at what stage.
How eligible transactions must be documented, assigned, secured or otherwise structured.
What evidence supports a valid and collectible payment right.
Actual payment timing by program and institutional payor.
Patterns involving adjustments, denials, offsets and other payment exceptions.
Understanding the organizations and verticals generating recurring institutional receivables.
Each funded transaction improves Fundd's underwriting intelligence.
Transaction structures can vary by asset class and jurisdiction and may include receivable purchases, secured financing, applicable UCC perfection, assignment requirements and payment-control arrangements.
Legal structure is validated program by program rather than assuming all institutional receivables are interchangeable.
Ari has raised millions of dollars for institutions across government, tax-credit and philanthropic funding programs, and experienced the institutional payment gap firsthand. He is a prior venture-backed technology founder and is currently involved in building national infrastructure around the Federal Scholarship Tax Credit.
Jake has 5+ years of experience in MCA and alternative business finance, including Delta Capital. He helped build Delta Capital's Brooklyn operation and has personally closed millions of dollars in alternative-finance transactions.
MIT PhD and co-founder and President of StackAI, acquired by Asana in 2026.
StackAI is contemplated as Fundd's initial development partner for intake, document processing, verification, underwriting workflow and payment-monitoring infrastructure. Fundd retains ownership of its product, underwriting framework and resulting institutional-payment data.
Fundd is developing relationships with alternative-finance and institutional-capital partners capable of financing qualified receivables as the platform scales.
Fundd is initially working with a limited group of organizations and capital partners as we validate the first receivable classes.
Initial transactions are subject to eligibility, underwriting, legal review and capital availability.