Launching their US subsidiary together with Firstbase, Outfund is quickly becoming the go-to financing option for founders building online businesses. They believe that founders should have better funding options to fuel growth. We chatted with Stewart Orr, who heads up Outfund's partnerships, to learn about how Outfund is radically changing the way companies scale.
I’m a Partnership Manager here at Outfund. I was born in Toronto, but studied business and Mandarin in Taiwan, before moving to mainland China to work for a series of American companies. I joined Outfund in 2021 after returning to Toronto, with several years of manufacturing and trade experience.
Outfund is one of the world’s leading providers of simple, affordable capital for online businesses. We provide funding for eCommerce and B2B businesses to spend on growth-related expenses. No mounting loan interest. No equity dilution. No personal guarantee. Just one flat, transparent fee simply repaid from a revenue share of new sales.
We started Outfund because we didn't think founders had the right funding options, from complicated equity finance to restrictive debt. Our mission is to transform the way businesses grow and scale.
Our main offering is providing flexible and affordable capital to growing online businesses in as little as 24 hours. The capital we provide is an alternative to mainstream forms of capital - whether it be a traditional debt through a bank loan that requires collateral and interest - OR an equity investment which involves selling a piece of your business in exchange for funding.
There are many benefits to founders that work with Outfund. First off, Outfund is a non-dilutive capital solution for founders looking to grow their business. Furthermore, Outfund does not require any personal guarantees. The entire process is quick and transparent, with the capital made available in as little as 24 hours. You are also assigned a growth-advisor from Outfund to guide you every step of the way or connect with other partners - like AWS, Microsoft, and Stripe - that provide free benefits and resources to help those businesses scale.
Founders receiving capital from Outfund typically spend it primarily on marketing or inventory.
Outfund discovered Firstbase while trying to solve one of our own client’s issues regarding registration in the US, which is a highly common inquiry. Since our business is restricted to four countries, one of which is the US, we needed a reliable partner to help our clients establish an American office and discovered FIrstbase.io. They are reliable, fast, affordable, and our go-to partner for fast-tracking registrations in the US.