A Scalable Financing Facility Allowing for Future Growth
Who is Scalero?
Scalero is a lifecycle marketing studio that builds software and offers tech enabled services to help brands grow lifestyle marketing. Scalero emphasizes the services portion of its business which made finding financing more difficult as many revenue based lenders preferred a recurring revenue business model.
Scalero approached Hum looking for flexible financing that would accommodate the company’s fast growth. They had existing financing with an e-commerce lender, but this facility was not large enough and too restrictive to meet the company’s demands and growth plans.
Hum’s Strategic Capital team was able to provide Scalero with a scalable financing facility that best accomplished its future growth goals. The company was able to finance its growth more effectively while also gaining access to a larger facility. The facility was also recyclable which allows Scalero to roll its monthly payment, which helps support cash flow in a given month. Hum was able to go from initial contact to completing final due diligence and closing the financing with Scalero within just a few weeks.
“We were searching for less traditional methods to raise capital as we didn’t feel our business model was a great fit for venture capital at this stage. Hum has been well-organized, responsive, and helpful throughout this process. The team at Hum seems to be as invested in this partnership as we are, and we’re excited to see where things go.”