Forward Financing

Forward Financing

Provides fast funding solutions for small businesses

About Forward Financing

Simplify's Rating
Why Forward Financing is rated
B-
Rated C on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

201-500

Company Stage

Debt Financing

Total Funding

$365M

Headquarters

Boston, Massachusetts

Founded

2012

Overview

Forward Financing offers fast and flexible funding solutions to small businesses in the United States, focusing on those who may not qualify for traditional bank loans. Their main product is a merchant cash advance, which provides a lump sum of cash in exchange for a percentage of future sales, allowing for quick funding often within 24 hours. Unlike traditional lenders, Forward Financing operates in the alternative lending space, providing a more accessible application process, though at higher fees due to the increased risk. The company's goal is to support small business growth by ensuring they have timely access to capital while adhering to high ethical standards.

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Funded Recently
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Simplify's Take

What believers are saying

  • Increased demand for alternative lending boosts Forward Financing's market potential.
  • AI and machine learning enhance Forward Financing's risk assessment and underwriting processes.
  • Digital-first financial services trend aligns with Forward Financing's online application model.

What critics are saying

  • New fintech startups in Boston may challenge Forward Financing's market share.
  • CEO Jason Mullins' strategic shifts could disrupt operations or alienate clients.
  • Expansion of $450 million credit facility may increase financial risk if not managed well.

What makes Forward Financing unique

  • Forward Financing offers fast, flexible funding with approvals within minutes.
  • The company has provided over $1.9 billion to 45,000 small businesses since 2012.
  • Forward Financing is A+ rated by the Better Business Bureau and has a 4.9-star Trustpilot rating.

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Funding

Total Funding

$365M

Above

Industry Average

Funded Over

1 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

401(k) Retirement Plan

Unlimited Paid Time Off

Paid Parental Leave

Wellness Program

Professional Development Budget

Flexible Work Hours

Remote Work Options

Company News

CityBiz
Jan 2nd, 2025
Forward Financing Appoints Jason Mullins as CEO

Forward Financing, a national provider of revenue-based financing to small businesses, welcomes its new President and Chief Executive Officer, Jason Mullins.

PR Newswire
Jan 2nd, 2025
Forward Financing Welcomes New Chief Executive Officer - Jason Mullins

BOSTON, Jan. 2, 2025 /PRNewswire/ -- Forward Financing, a national provider of revenue-based financing to small businesses, welcomes its new President and Chief Executive Officer, Jason Mullins. Mullins brings over twenty years of financial services experience, including six years as the CEO of a consumer lending business. With a proven track record of driving results and innovation, Mullins will lead Forward through its next stage of growth and transformation. As part of this transition, Forward's co-founder and former CEO, Justin Bakes, has assumed the role of Executive Chairman. In this new position, Bakes will continue to provide strategic guidance as Forward advances its mission."I am truly honored to take on the role of CEO and lead an organization with such a meaningful mission," said Mullins

PR Newswire
Sep 19th, 2024
Forward Financing Announces Expanded $450 Million Credit Facility to Help More Small Businesses

/PRNewswire/ -- Forward Financing, a national provider of revenue-based financing to small businesses, announced that the company increased their existing $250...

FF News
Aug 21st, 2024
Top Fintech Companies In Boston 2024

Fintech companies in Boston and the wider fintech industry in the city is undergoing a period of transformative rapid growth and innovation. As a hub for cutting-edge financial technology, Boston is home to a ecosystem of fintech startups and established companies that are reshaping the way digital financial services are delivered.By harnessing the power of advanced technologies, fintech companies in Boston are not only enhancing the accessibility and efficiency of financial services but also setting new standards for customer experience. In this dynamic environment, Boston’s fintech companies are playing a crucial role in driving the future of finance, both locally and globally.Leading fintech companies in Boston range from providers of global payments, small business lenders, digital banks as well as digital voice solutionsFlywire: Flywire are a global payments enablement and software company who combine their proprietary global payments network, next-gen payments platform and vertical-specific software to deliver complex payments for their clients and customers. Flywire recently acquired Invoiced, a SaaS platform that enables B2B finance teams and the “Office of the CFO” to automate the critical order-to-cash process.Forward: Forward Financing are fintech company based in Boston who provide fast and flexible working capital to small businesses in the US that have been underserved by traditional financing options. Forward offers revenue-based financing and deliver an upfront sum of working capital in exchange for a set amount of the business’s future revenue.Stride: Stride are a Boston based outcomes-oriented fintech who offer flexible funding products such as Income Share Agreements and Deferred Tuition Agreements that supplement student loans. Stride and its founder have been recognized by Forbes, Harvard and MIT for their fintech innovations and social impact

PRWeb
Nov 3rd, 2022
Forward Financing Named To Inc.’S Inaugural Power Partner List

“Our mission is to help small businesses thrive,” said Co-founder and CEO, Justin Bakes. “Forward was founded to serve a niche group of businesses who need financing, so to be recognized as a leading partner for entrepreneurs is truly an honor.”. Inc. Business Media announced Tuesday, November 1, the inaugural Power Partner Awards, honoring B2B organizations across the globe that have demonstrated excellence in supporting entrepreneurs and helping startups grow. The list recognizes 252 firms in financial services, marketing and advertising, health and human resources, engineering, logistics, and security, as well as other areas of business

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