Onramp Funds, Inc.

United States - Austin, TX

• 01/06/2022
• Seed
• $42,000,000

Onramp Funds' innovative financing platform is purpose-built for eCommerce entrepreneurs. Our financial solutions fund your working capital needs, freeing your existing capital to invest in growth. With Onramp, you don't pay for inventory until you receive your sales deposits!

Our leadership team includes highly successful entrepreneurs behind ShippingEasy and CSIdentity and growth leadership with ShipStation, Shipworks, and Stamps.com. We understand the unique challenges eCommerce merchants face. The team brings 40 years of experience empowering small eCommerce businesses, bringing a dedication to delivering the cash SMBs need, when they need it, to grow and scale their businesses. No other financial product aligns as closely with the requirements and sales cycles of the eCommerce industry.

Unlike loans and credit cards with accruing interest and minimum payments, Onramp automatically takes approximately 1% of GMV. You don’t pay us until you sell inventory.

No monthly bills. No late payments. No interest. No minimum payments.
Just peace of mind you’ll have the cash when you need it.

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Eric YoungstromFounder

United States - Austin, Texas

Startup executive with a proven record of success exceeding business goals in multinational and start-up technology companies and a leader in early-stage software startups that have since generated more than $400M in shareholder returns through successful exits.

Proven ability to conceive and build revenue-generating businesses from the ground-up across the consumer, SMB, and enterprise markets. Expertise in each aspect of the product life cycle from strategic direction, product concept and development, marketing, business development, and operational implementation. Demonstrated success in building creative solutions and developing teams to penetrate new markets that transform P&L results.

Leader in creating innovative business models and products that support enterprise and SMB markets with private-label, OEM capabilities, and direct-to-consumer markets with compelling service and value propositions.

Specialties: Business development, sales, marketing, channel development and management, alliance management, contract negotiations, product development, and product management

LinkedIn https://www.linkedin.com/in/ericyoungstrom/