Embedded financing pioneer Gynger raises $20m in Series A round

Embedded financing pioneer Gynger raises $20m in Series A round

Gynger, the first embedded financing platform for technology purchases, announced today it has raised $20m in Series A funding.

This funding round was led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures, and Deciens Capital.

The New York-based company, founded in 2021, aims to revolutionise the technology purchasing landscape. Gynger facilitates businesses in financing their software and technology needs by providing a seamless and automated embedded financing platform.

With the new funding, Gynger plans to scale its team and operations, furthering its vision of transforming its embedded financing platform into a comprehensive payments solution for technology transactions.

Additionally, Gynger secured a debt facility of up to $100m from Community Investment Management (CIM). This facility will support Gynger in meeting the increasing demand for technology financing solutions by scaling its financing capabilities.

Gynger CEO and Founder Mark Ghermezian said, “Over the last year, we have experienced tremendous growth and demand.

“We are revolutionizing how companies buy and sell technology by providing a payments solution that addresses the needs of both vendors and their customers. We are building the future of flexible financing for all technology. We are thrilled to welcome PayPal Ventures as an investor to help push our growth to a whole new level.”

The company’s unique approach enables businesses to purchase software and services using non-dilutive capital, optimising cash flow through flexible payment terms. Gynger’s platform has already facilitated payments for numerous leading technology vendors, including Snowflake, Salesforce, AWS, Cisco, ZoomInfo, and Datadog.

Gynger’s financing solutions are designed to benefit both buyers and sellers of technology. For technology vendors, the platform offers alternative purchasing methods for their customers, accelerating sales and improving cash flow. Vendors can shorten Day Sales Outstanding (DSOs) and secure long-term commitments while receiving upfront payments through Gynger’s platform.

Gynger leverages advanced AI and data analytics to underwrite and approve credit for customers swiftly. The platform automatically detects technology spend, recommending the best financing opportunities for both buyers and sellers. This end-to-end solution simplifies the purchasing process for businesses across all industry verticals.

James Loftus, Managing Partner of PayPal Ventures, said, “Gynger is changing the way businesses buy software. Companies from seed stage startups to enterprise can unlock flexible payment terms on any technology expense, regardless of the vendor’s terms, making it possible to purchase tools needed for growth while also preserving cash. We couldn’t be more thrilled to be supporting them on their journey.”

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