The Calgary fintech is an Early Payment Platform (EPP) provider for small and mid-sized businesses and the debt and equity financing will support recruiting efforts, US expansion, and growth for the company.
EPPs enable organizations to seamlessly integrate an early payment program into their supply chain, granting vendors access to early payments while they participate in cost-saving discounts.
“This financing cements the acceptance of a Canadian Founded Early Payment Platform,” said Kyle Friedman, Co-Founder and CEO of Quickly.
“We have been receiving tremendous support from the Alberta tech ecosystem and customers have been praising our solution. Why? Because waiting to be paid is a universal and global problem for B2B companies and it’s time someone takes action.”
By adopting a “buyer-first” approach, Quickly has reimagined the digital lending model for vendor financing, resulting in a win-win solution for all parties.
While Quickly remains industry-agnostic, it has gained significant traction in Canada, particularly within the construction, manufacturing, real estate, and energy sectors.
“Committed to supporting the growth of the Alberta and broader Canadian business ecosystem, ATB is pleased to announce our partnership with Quickly,” said Marc Rancourt, Director of Diversified Industries, Growth and Innovation for ATB Financial.
“Quickly is addressing the cash flow challenges faced by growing businesses in Alberta and across Canada through its innovative supply chain financing technology. Coupled with a proven credit adjudication process, Quickly can acquire valuable short-term assets in exchange for offering immediate liquidity.”