This is the 2nd launch from FirstOfficer. View more
FirstOfficer
Fast funding marketplace for startups, you've got choices
Your startup has so many more fast funding choices than you realize. FirstOfficer has created a private marketplace that allows lenders to privately present Startups a wide variety of lending choices. It's secure, private and free for Startups.
Hi there PH community!
Did you know there are hundreds of lenders - big & small - all eager to connect with digital startups looking for financing? We didn't either until 6 months ago. Gathering those funding options took us months, but it was worth it because we were able to pick the right terms for us. Now you can do that too. But without the weeks of work or any of the huge headaches.
Introducing the FirstOfficers Funding Marketplace for Startups. It's total private and secure.
Create your account. Choose your startups financial goal. Connect your data. Sit back and watch your options roll in. It's as simple as that and totally free for Startups.
Like us, we want you to be aware of all the financial choices your startup has, not just the 3 or 4 you know of today. And it's not just about choice. When you approach a single lender you'll be signing up for terms favourable to them. When you tap into the power of a marketplace, you'll get to choose terms that are right for you.
Wait... are all these lenders going to have access to all of our private financial data? You are in total control of who gets to see what. Lenders request access to data and you get to decide what you connect and what they can see. We've also gone the extra step of hashing out all customer data by default. You can share it with a specific vendor but that's entirely up to you.
Hol up... is it really free? Ya we get it.. free rarely means free anymore. We feel it's right to be totally transparent about how we make money. We charge our lenders a subscription fee to access the marketplace. During our pilot we started with a referral fee but we found that cost just got rolled into the offers (raising the rates) for startups. Subscription wound up being better for everyone.
Isn't this what Pipe does? Nope, Pipe allows you to convert MRR into ARR for a variety of purposes. We let you source a wide variety of financial solutions, not just one (Revenue Based Financing, Term Loans, Mezzanine Debt, Line of credit, etc)
Thanks everyone!
Our launch was sent off the front page by Producthunt today. We went from over 250 votes down to 87 and finally got dumped from the front page. Thanks to the hundreds of upvoters!
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