SquareDash has been a major player in helping roofing and repair companies to streamline their operations and collect money quickly following completing work on approved property insurance claims because to its creative approach to managing billing services.

The business declared that it had raised over $20 million in total funding, with FINTOP Capital leading the most recent equity round. A wide range of investors, including Hivers and Strivers, The PenFed Foundation, i2BF Global, The Hustle Fund, The Council, and other angel investors, also participated in this investment round.

Furthermore, SquareDash has obtained a $15 million credit facility that can grow to $25 million, giving it a strong platform for further development and expansion.

SquareDash is a full-service startup that was founded in 2022 by Matt Fruge, a former member of the US Navy with over ten years of experience in the roofing sector. In addition to providing claim funding, SquareDash also offers a subscription service for billing, payment, and collections management.


With the help of this program, businesses—especially those with annual turnover between $2 and $15 million—will be better equipped to handle the complexities of insurance claims and get same-day compensation for their services.

The company's goal is to assist business owners in the roofing and restoration industries in overcoming cash flow issues and achieving success through quicker payments.

"As a former roofer myself, I know firsthand the cash flow challenges faced by roofing and restoration businesses," said Matt Fruge, the CEO and founder of SquareDash.


"With this most recent funding, we'll be able to support even more of these business owners in expanding their enterprises and receiving speedier compensation for their laborious efforts. I am appreciative of PenFed Foundation, FINTOP Capital, and all of our mission-aligned investors for their support.

SquareDash has received recognition and assistance for its efforts to improve cash flow management and eliminate market inefficiencies for repair professionals. As a result, the company was accepted for the Fall 2022 cohort of The PenFed Foundation Veteran Entrepreneur Program. This initiative highlights SquareDash's dedication to innovation and industry expansion by providing support to veteran and military spouse entrepreneurs.