Credit for consumer brands
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To provide tech-enabled financial solutions to help consumer brands grow.
Midtown South, New York, NY
Few candidates hear
back within 2 weeks
49% employee growth in 12 months
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.
Last 2 fundraises
This company has top investors
Associate in Principal Investments at Macquarie Group from 2014 to 2018.
Started their career as an Associate at Fenwick & West. Moved on to work in tech at Kinneck, which was acquired by Linear Financial.
Prior to Ampla, Anthony was an early employee at Attentive. Also worked in Investment Banking at Macquarie Group and Barclays.
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Ampla is hiring for 1 job on Otta!