SpringCash Closes $25 Million in New Equity Funding to Scale Supply Chain Financing and Pioneer Autonomous Finance for CPG Brands

The New York-based supply chain fintech completes its second funding round with participation from HOF Capital.

NEW YORK — April 10, 2026 — SpringCash, a New York-based supply chain financing company, today announced the close of its latest equity funding round, providing $25 million of new equity funding. The round includes participation from existing investors and HOF Capital, a New York-based venture capital firm. This enables SpringCash to enhance its credit lines from funding partners as SpringCash covers any first losses from its equity dollars in the funding structure.

The financing follows a period of rapid traction since SpringCash’s launch earlier this year. The company has provided non-dilutive funding to over 150 CPG brands in seven months.

SpringCash is repaid directly from its CPG clients’ end customers: leading US retailers and distributors, such as Walmart, Costco, Target, Kroger, UNFI, and KeHE.

“Every CPG founder knows the paradox of landing a major retail order and then scrambling to figure out how to pay suppliers. We built SpringCash so a confirmed PO becomes same-day capital, not a cash crisis.” — Tej Singh, CEO and Co-Founder, SpringCash

SpringCash was founded to address a persistent funding gap in the CPG industry. As brands win shelf space at major retailers, they face ballooning working capital demands — extended payment terms, large purchase orders, and seasonal inventory builds — often without the balance sheet to support them. Using AI-native underwriting, SpringCash provides instant funding to bridge that gap, financing the period between production and retailer payment. Alongside its lending operations, the company provides AI-driven finance tools that act on behalf of CPG founders to find hidden capital, surface revenue opportunities, and optimize working capital. Eventually, SpringCash aims to autonomously manage the financial operations of any SME.

About SpringCash

SpringCash is a New York-based supply chain financing company built for consumer packaged goods brands. The company provides purchase order financing and invoice factoring to help founders manage working capital as they scale into major U.S. retail distribution. SpringCash was founded by a team of operators with backgrounds spanning fintech, capital markets, and enterprise technology. For more information, visit springcash.com.

Media Contact

SpringCash Communications: press@springcash.com