When was Fundation founded?

Fundation was founded in 2011 and raised its 1st funding round 1 year after it was founded.

Where is Fundation located?

Fundation is headquartered in New York City, United States. It is registered at Reston, Virginia.

How many employees does Fundation have?

As of Sep 30, 2026, the latest employee count at Fundation is 168.

Is Fundation a funded company?

Fundation is a funded company, having raised a total of $6.66M across 6 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 19, 2012.

When was the latest funding round of Fundation?

Fundation's latest funding was a $***** Conventional Debt round on May 16, 2018, with participation from 1 investor. Its primary sector is Digital Lending. In United States, the Digital Lending sector has seen $5.91B in funding in 2026 to date.

Where does Fundation rank among its competitors?

Fundation ranks 33rd amongst 481 active competitors, of which 121 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Kaleidofin, which secured $5M in Jun, 2026.

Who are the top competitors of Fundation?

Fundation's top competitors include Tala, Yubi and FinBox. Among them, Kaleidofin secured the most recent funding round in June, 2026.

Fundation - 2026 Company Profile, Team, Funding & Competitors

Company Details

Online Small Business Lending Platform. It is an alternative lending platform that grants fixed rate, simple interest loans to businesses. The loans offered are either short-term or long-term, with multiple principal amounts cap for the former and the latter. It offers multiple interest rates depending on the profile of the application. The repayments are charged from the borrower's bank account directly, and there are no prepayment fees.

Website: fundation.com
Social
Registered Address: Reston, Virginia

Key Metrics

Founded Year

2011

Location

New York City, United States

Stage

Series A

Total Funding

$6.66M in 6 rounds

Latest Funding Round

Conventional Debt, May 16, 2018, $*****

Investors

Goldman Sachs & 8 more

Ranked

33^rd among 481 active competitors

Employee Count

168 as on Sep 30, 2026

Similar Companies

Tala & 565 more

View Fundation's full profile

Fundation is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
FUNDATION GROUP, LLC CIN: 383919405 , United States, Active	Dec 31, 1999	-	93 (As on Dec 31, 2024)	-

Fundation has raised a total funding of $6.66M over 6 rounds. Its first funding round was on Jun 19, 2012. Its latest funding round was a Conventional Debt round on May 16, 2018 for $*****. 1 investor participated in its latest round. Fundation has 9 institutional investors.

Here is the list of recent funding rounds of Fundation:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 16, 2018	5087102	Conventional Debt	1580956	8811122	4225724	7822729
Jan 18, 2018	7219617	Conventional Debt	5942499	9771879	3806047	Waterfall
Mar 21, 2017	4371317	Conventional Debt	5835947	7990497	4660304	MidCap Financial

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View details of Fundation's funding rounds and investors

The founders of Fundation is Doug Gordon.

Here are the details of Fundation's key team members:

Doug Gordon: Co-Founder & Executive Vice-President of Fundation.

View details of Fundation's Founder profiles and Board Members

Fundation's employee count trend

Fundation has 168 employees as of Sep 26. Here is Fundation's employee count trend over the years:

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Top competitors of Fundation include Tala, Yubi and FinBox. Here is the list of Top 10 competitors of Fundation, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tala 2011, Santa Monica (United States), Series E	Provider of financial infrastructure and credit decision models	$346M	DCVC, PayPal & 52 others	82/100
2nd	Yubi 2020, Chennai (India), Series B	Online marketplace for business loans	$241M	Dragoneer Investment Group, TVS Capital Funds ... & 25 others	71/100
3rd	FinBox 2015, Bengaluru (India), Series B	Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending	$51.1M	WestBridge Capital, IIFL Finance & 25 others	70/100
4th	OPLinnovate 2015, Ahmedabad (India), Series B	White label solutions for financial institutions	$14.2M	Mobile Search Engine, Capitaworld Global ... & 28 others	67/100
5th	TransBnk 2022, Delhi (India), Series B	Provider of open finance infrastructure for transaction banking and related services	$30M	8i Ventures, Bessemer Venture Partners & 6 others	66/100
6th	Lentra 2019, Pune (India), Series B	Provider of education financing solutions for students pursuing higher education	$104M	Bessemer Venture Partners, Dharana & 35 others	65/100
7th	Kaleidofin 2017, Chennai (India), Series B	Financial services platform offering lending, credit assessment, and engagement	$44.7M	Michael & Susan Dell Foundation, Oikocredit ... & 33 others	65/100
8th	Linedata 1998, Neuilly sur seine (France), Public	Provider of software, data, analytics, and related services for financial institutions	-	Ardian, XAnge & 4 others	65/100
9th	Knight FinTech 2019, Mumbai (India), Series A	A digital banking technology company that provides full-stack banking solutions for lending, treasury management, and supply chain finance	$32.8M	3one4 Capital, Trifecta Capital & 13 others	64/100
10th	PINTEC 2013, Beijing (China), Public	Retail financial solutions provider	$113M	Sina, Mandra Capital & 4 others	63/100
33rd	Fundation 2011, New York City (United States), Series A	Online Small Business Lending Platform	$6.66M	Goldman Sachs, Lateral Investment Management ... & 7 others	51/100