FundedIQ
Financial Services

APPROVE: Funding, Investors & Team (Sep 2026)

APPROVE is a B2B software-as-a-service platform that allows equipment manufacturers and distributors to incorporate financing options at every stage of an equipment buyer's experience. By utilizing a carefully selected group of equipment finance lenders and advanced technology, APPROVE is able to connect customer finance applications with the most suitable lending solutions.

www.approvepayments.com Wilmington, United States 11-50 employees
Total raised
$3.0M
Rounds
1
Latest
Seed
Jun 2023

APPROVE has raised $3.0M across 1 funding round on record, the most recent a Seed of $3.0M announced in Jun 2023.

That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

APPROVE Company Profile and Key Stats

Total funding raised
$3.0M
across 1 round on record
Funding rounds on record
1
Latest funding round
Seed
$3.0M in Jun 2023
Employees
11-50
reported band
Headquarters
Wilmington, United States

Latest funding round on record: Jun 2023.

APPROVE Funding Rounds

Date
Round
Amount
Seed
$3.0M

APPROVE Founders and Leadership Team

Name
Role
Contact
Robert Preville
Founder
Locked

Contact details for the APPROVE team: 1 of 1 has an email address on file.

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APPROVE Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
29,878
$7.5M
16,664
$3.1M

APPROVE's latest round of $3.0M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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APPROVE Funding FAQs

What does APPROVE do?

APPROVE is a B2B software-as-a-service platform that allows equipment manufacturers and distributors to incorporate financing options at every stage of an equipment buyer's experience. By utilizing a carefully selected group of equipment finance lenders and advanced technology, APPROVE is able to connect customer finance applications with the most suitable lending solutions.

How much funding has APPROVE raised?

APPROVE has raised $3.0M across 1 round on record. The most recent is a Seed of $3.0M announced in Jun 2023.

When did APPROVE last raise funding?

APPROVE's most recent funding round on record is a Seed of $3.0M, announced in Jun 2023.

Who founded APPROVE?

FundedIQ lists Robert Preville (Founder) at APPROVE.

Where is APPROVE headquartered?

APPROVE is based in Wilmington, North Carolina, United States.

How many employees does APPROVE have?

APPROVE is in the 11-50 employee band.

How does APPROVE's funding compare to other Financial Services startups?

APPROVE's latest round of $3.0M is below the $14M median round size for Financial Services companies on FundedIQ across 5,746 tracked companies over the last two years.

About FundedIQ's APPROVE Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for APPROVE is left off this page rather than filled in.

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