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Ampla
Credit for consumer brands
- 101-200 employees
- Fintech
- B2B
- Lending
- Financial Services
- SaaS
- eCommerce
- 1239 Broadway, New York, NY 10001, United States
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Company mission
To provide tech-enabled financial solutions to help consumer brands grow.
49% employee growth in 12 months
Otta's take
Xav Kearney
CTO of Otta
As billions of dollars of commerce has moved online, direct to customer (D2C) brands have proliferated. However, this new generation of retail brands remains constrained by traditional, slow-moving capital.
While some non-dilutive alternative financial options have emerged, like Shopify Capital which helped to popularize merchant cash advances, these capital providers often rely on digital revenue alone. Ampla is the first true line of credit including omnichannel revenue streams.
With the global economic slowdown significantly affecting Ampla's potential customer base, the company has doubled down on offering support to the industry. By acquiring extended payments lender Upside Financing and launching its Ampla Pay Later Product, it hopes to make managing inventory costs far easier. Since inventory ties up roughly 40% of most retailer's capital, this relieves a significant burden on D2C brands and will help secure Ampla's market leading position in otherwise very tough conditions for the sector.
Benefits
- Take time to relax! We provide unlimited PTO with encouraged yearly minimum time off
- All parents have the option to take up to 12 weeks of paid maternity, paternity or adoption leave to celebrate new family milestones
- We believe in providing all employees with paid health, dental, and vision benefits
- Bring your dog to work
- Join us for our bagel club, midweek munches, and biweekly Ampla hours!
- As a team with a variety of backgrounds across the globe, we stay connected through company trips and on-sites, game nights, regular all-hands meetings, happy hours and more
Company values
- Customer-Centric - We drive value by operating with integrity, setting ambitious goals, and relentlessly focusing on customer needs. With every decision, we ask ourselves: What's in it for our customers?
- Amployees Always - We are proud to be people first and leverage our collective genius and diverse experience to push towards the future
- Innovate, Improve, Iterate - We dream big, pursue challenging problems, and embrace agile data-driven decision-making to fuel a repeatable innovation engine
- Own our Outcome - We do what we say, maintain the humility to improve, and never sacrifice thoroughness for speed
- Be Relentless - We work tirelessly through adversity to ensure customer satisfaction, earn trust through honesty, and push towards future growth
Funding (last 2 of 3 rounds)
Nov 2022
$16.5m
LATE VC
Dec 2021
$40m
SERIES A
$62.5m
Total funding
This company has top investors
Founders
Jim Cummings
(COO)Associate in Principal Investments at Macquarie Group from 2014 to 2018.
Jie Zhou
(CTO)Started their career as an Associate at Fenwick & West. Moved on to work in tech at Kinneck, which was acquired by Linear Financial.
Anthony Santomo
(CEO)Prior to Ampla, Anthony was an early employee at Attentive. Also worked in Investment Banking at Macquarie Group and Barclays.