US-based fintech firm Fundwell has announced the acquisition of EveryStreet, a provider of accounts receivable (A/R), accounts payable (A/P), and flexible payment solutions.
The financial terms of the deal were not disclosed.
This acquisition will integrate EveryStreet’s capabilities into Fundwell’s existing fintech platform to enhance business financing solutions.
According to Fundwell, the deal signifies its strategic shift from being primarily a financing marketplace to a comprehensive business growth platform. Fundwell aims to redefine business financing through proprietary artificial intelligence (AI) decision-making and its curated lender network.
By uniting Fundwell’s lender network with EveryStreet’s financial management tools, the combined entity aims to deliver robust solutions for cash flow management and financing accessibility. This move is expected to support businesses in managing immediate financial needs while also focusing on long-term financial objectives.
Fundwell CEO Sruli Anatian said: “This acquisition is about more than adding new technology. When I think about the most successful outcomes we’ve created for our customers, it’s always been about helping them get control of their entire cash flow picture.
“EveryStreet gives us a powerful new capability to help businesses manage their receivables, unlock working capital, and even spread out payments on their invoices over time, marking a foundational step in building an end-to-end platform that advises, equips, and finances businesses for long-term success.”
EveryStreet’s platform offers an all-in-one solution for handling invoices, supported by embedded checkout technology that combines payment and financing options. It integrates with existing enterprise resource planning (ERP) systems, allowing easier adoption and scaling for businesses.
This integration aligns with Fundwell’s mission to offer continuous financial support beyond one-off funding transactions.
The acquisition brings experienced leadership into Fundwell. Logan Shedd, EveryStreet’s co-founder and CEO, has extensive experience in payments and embedded finance across various companies such as Octane Lending and LendingClub.
Scott Priddy, co-founder and chief technology officer (CTO), brings decades of technical expertise from his work with fintech leaders like PayPal and Visa. Kevin Park, co-founder and chief product officer (CPO), has a background in product management and finance from Wharton, having worked with Capital One and JPMorgan Chase & Co.
Shedd said: “We founded EveryStreet to help vendors and retailers view their cash position in real-time, providing them with the clarity needed to plan ahead, control expenses, and maximise their profits.
“For most businesses, cash flow isn’t just a metric; it’s survival, and by becoming part of Fundwell, we’re making it simpler to understand and easier to act on.”
