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December 12, 2022 – Fundomate, a leader in the embedded finance space, is excited to announce the launch of a new program designed to help companies determine their eligibility for the Employee Retention Credit (ERC) under the CARES Act.
The ERC program provides a credit to eligible employers who retained their employees and continued to pay them wages during the COVID-19 pandemic. However, calculating the amount of credit a company is eligible for can be complex and time-consuming. Fundomate's new program simplifies the process by analyzing a company's financials and providing an approximation of the ERC credit they are eligible for.
This allows companies to quickly and easily file their ERC claim with the IRS and receive the financial support they need to continue rebounding from the pandemic."We are thrilled to launch this new program and help companies navigate the complex rules around the Employee Retention Credit," said Fundomate VP of Business Development, Zolly Vail. "With our team of experts, we are confident that our program will provide valuable support to companies as they navigate the challenges COVID left behind and plan for the future."
Fundomate is a revolutionary open commerce, white label platform empowering enterprise partners and small to mid-size businesses with embedded finance tools and business funding services. Founded in 2016 by Sam Schapiro, Fundomate has become a leader in embedded finance, automated business funding solutions and real-time banking tools for merchant facing platforms and has directly funded over $250 million to over 3,000 businesses providing the capital to reinvent, strengthen, transform, and grow. By leveraging the power of fintech, Fundomate also partners with enterprise organizations to become the Original Equipment Manufacturer (OEM) for our merchant Financial Operational System. By partnering with Fundomate, merchant-facing businesses can rapidly launch financing and real-time banking services that boost loyalty and create new revenue streams with minimal investment and effort, under their own brand.
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