A service provider who could deliver convenience, with limited hard assets.

A Healthcare infrastructure tech company delivering topline growth, but still pre-cash flow, needed a recurring revenue facility to scale its subscription base.

HotDoc, based in Melbourne, built a software-as-a-service (SaaS) business focused on driving efficiency across the patient booking and healthcare service provider operational experience by delivering convenient and simple-to-use online tools.  Having raised equity financing to invest in products and prove market potential, HotDoc was looking to accelerate growth.  While the business had strong trends with top-line growth, it was still actively investing in sales and marketing and not yet generating cash flow.


As a software business with limited hard assets on the balance sheet and still pre-cash flow, the company did not have access to suitable bank financing options. PFG was able to assess HotDoc’s core technological value and marketplace dynamics, leading to a deeper understanding of the growth trajectory that would enable the company to deliver future profitability. 

PFG structured a line of credit that allowed the company access to a flexible facility and borrow against its subscription revenue base.  The recurring revenue facility was designed to scale with HotDoc’s growth in subscribers and subscription revenue delivering additional borrowing capacity to fund continued expansion. 


HotDoc continued to invest in growth reaching an important annual recurring revenue milestone that supported the company’s ability to successfully raise additional venture capital at a compelling equity valuation. 

No compensation was received by any individual or company for their views and thoughts expressed. The individuals or companies are not investment advisory clients of PFG.

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30+ Year Global Strategic Partner

SVB is a leading American bank providing products, services and strategic advice for businesses at every stage. They operate as a go-to commercial bank for start-ups and established corporations, offering venture funding, private banking & wealth advising. SVB is the largest lender to technology companies globally.

SVB has built its reputation as the financial partner of the innovation economy – helping individuals, investors and the world’s most innovative companies achieve extraordinary outcomes.
PFG and SVB have maintained an official strategic partnership since the late 1980’s. We have collaborated together as co-lenders and extended each other's ability to reach new markets and provide deeper capital to high-growth companies.

PFG and SVB have provided growth debt across the U.S. & Canada, Europe, Middle East, Asia, and Latin America, where we co-manage a Venture Debt Latin America Growth Lending Fund.

IFC logo

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.

PFG and IFC are strategic partners where we extend IFC’s direct venture and VC funding, collaborating on fintech and tech lending across global growth markets.

10+ Year Global Strategic Partner

Aims to be the partner of choice for the private sector in Latin America and the Caribbean. They finance projects to advance clean energy, modernize agriculture, strengthen transportation systems and expand access to financing.

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 347 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

PFG leads a joint venture with IDB Invest that provides debt capital to emerging innovative tech companies across the region via our Latin America Growth Lending Fund. The initiative brings investment expertise into LAC from top notch global players in this field.