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Highbeam secures $10M loan to provide credit, spend monitoring and more to e-commerce retailers

February 13, 2023

Highbeam, a startup that provides banking features, credit and cash flow insights to e-commerce customers, today announced that it raised $10 million in debt from TriplePoint as it looks to expand the reach of its digital product portfolio.

Co-founders Samir Shergill (previously at Microsoft, McKinsey and AppNexus) and Gautam Gupta (formerly of Shopify, Venmo and Alloy) spent years working with e-commerce firms to help them scale. Together, they arrived at the conclusion that while online brands have been built to maximize revenue growth, aided by a surge in tech and marketing solutions, e-commerce is inherently capital-intensive and low-margin. The missing link to building a sustainable business, they believed, was effective cash management and responsible credit utilization.

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