In a Series A round of financing, Cumulus Funding has closed on $850,000, which it plans to use to “ramp up its marketing and underwriting of its proprietary Future Income eXchange (FIX) contracts.” The company provides its clients with financing in exchange for a fixed, pre-established percentage of the client’s future revenues for a given length of time. Cumulus is backed by Topping Capital and a handful of angel investors.
