A Nevada-based SaaS online grocery marketplace has secured a $3 million invoice financing facility from Prestige Capital to support working capital needs and fuel continued platform growth. As demand for digital grocery solutions continues to expand, the company required a flexible financing partner capable of scaling alongside its rapidly growing receivables.
Rachel Hersh, sales director, North America at Prestige Capital, first connected with the company’s founder at a workshop she led during the height of the pandemic, a time when online grocery platforms were experiencing unprecedented demand. Years later, that relationship translated into a financing solution designed to help the company capitalize on the growth it has built since.
“I met this founder during one of the most challenging and transformative moments for the grocery industry,” Hersh said. “To see where they’ve taken the business since then is remarkable. It was a privilege to finally be in a position to support that growth with a facility that gives them the working capital flexibility to keep scaling.”
With Prestige Capital’s financing in place, the company is positioned to expand its platform, grow its merchant and consumer base, and continue redefining how customers access grocery services in the digital age.
