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CompanyProfile

ISO/MLS contact:
Sam Schapiro
Founder and CEO
347-977-0145
sam@fundomate.com
www.fundomate.com

Automated solutions for next-level financing

fintech company founded in 2015, Fundomate that working with Fundomate presents an attractive
brings a new level of automation to the alter- opportunity for agents seeking to gain new customers
native lending sphere. With a direct portal to – and at a far lower cost than is typical for customer
A top lenders, Fundomate partners with ISOs acquisition.
and merchant level salespeople (MLSs) to provide short-
term capital to small and midsize merchant customers Also, profits are split 50/50, but ISOs and MLSs retain full
who typically cannot qualify for traditional bank loans control over client relationships. "We're not asking you to
quickly enough to meet their needs. refer your customers to us," Schapiro said. "You can scale
the automated online funding platform to your customers
Fundomate's automated underwriting solution pre- while keeping your data anonymous. Customers get
qualifies customers based on their payment processing funded with the click of a button using transactional data.
history through an API installed on the POS system. For every thousand merchants you have, you can create
To pre-qualify for Fundomate's revenue-based funding, over a $100,000 in revenue a year by funding a handful of
customers need to demonstrate $10,000 in gross monthly customers every month."
income for three months. Fundomate provides flexible
funding of up to $500,000, with terms lasting 18 months Measured, sustainable success
and interest rates as low as 3.5 percent. Fundomate reported that it has underwritten $60
Flexible financing, line of credit million in loans and partners with over 100 accredited
investors. With major players such as Square, PayPal and
Fundomate offers a FLEX business financing product Stripe encroaching on the payment processing space,
that, unlike a traditional bank loan, doesn't lock in a fixed Fundomate's in-house capital department helps ISOs and
term or costs. Customers who take advantage of an early MLSs respond competitively by providing value-added
payoff option pay only for the capital they are using as the services to customers beyond just payment processing.
amount decreases, not the full amount initially loaned.
To pre-qualify for FLEX financing customers need to Fundomate's customer support also helps walk clients
have been in business for 18 months with gross income of through the process of determining which type of
$10,000 per month. funding works best for them. And its automated platform
eliminates the middle man between the merchant and
Fundomate's premier line of credit product provides lender, thereby saving energy and time usually spent
funding of up to $500, 000, with rates as low as 2 percent, on paperwork, which greatly accelerate the process,
funds available the next day and no restrictions on how according to the company.
the money is used. Customers can make payments on the
principal for the entire term. To pre-qualify, customers Schapiro emphasized that Fundomate provides a
need to have been in business for 18 months and complete, turnkey solution. "We give you the automation,
demonstrate revenue of $50,000 a month. scalability, collateral, marketing and tools to be able to
deploy money straight to your merchants," he said. "We
Customer retention, acquisition bring the customer service within the brand; we will

Sam Schapiro, founder and CEO of Fundomate, said it's bring the marketing; we will give you the tools and the
easy for ISOs and MLSs to start earning new revenue instructions of how to leverage your data and how to scale
from their existing customer base using Funodmate's low it. Then you can step in and start funding your customers
cost, white glove platform. He also stated that 50 percent with our technology to be able to get returns and give
of businesses that apply for funding through Fundomate good programs that work for your merchants and work
haven't been approved by other lenders, which indicates for you. By not funding your business customers, you risk
leaving money on the table."
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