Kashcade, a technology-driven lender, has secured $23M to expand into the R&D lending space, offering loans against future R&D Tax Incentive refunds with a rapid processing time of 48 hours, leveraging their automated financial analysis software.
This funding round, a mix of debt and equity, was supported by Rixon Capital and high-net-worth investors, enabling Kashcade to pre-fund these refunds, enhancing early access to capital for startups without additional securities or costs.