Fundomate Secures $50M Credit Facility for Embedded Banking and Payments
On September 30, 2021, embedded finance provider Fundomate announced a $50 million credit facility from Revere Capital, with the deal structured by Waterford Capital. The funding is earmarked for expanding Fundomate's automated funding capabilities and real-time banking tools designed for payments platforms and SMB marketplaces. Fundomate offers white-label banking infrastructure and one-touch funding solutions that integrate with more than 100 payment processors.
The credit facility enables Fundomate to scale its embedded finance offerings to a broader set of platform partners. By embedding banking and funding directly into payment workflows, Fundomate aims to reduce friction for small and medium businesses accessing capital. The deal underscores growing investor appetite for embedded finance infrastructure that sits between traditional banks and end-user platforms.
- Validates growing demand for embedded lending and banking infrastructure layered onto payment platforms
- Demonstrates that credit facilities, not just equity, are fueling BaaS and embedded finance scaling