Case Study:
Topple Diagnostics
Medical services provider Topple Diagnostics sought to simplify their multi-party financing. Embedded finance through NetSuite, made possible by a partnership with Raistone, proved simple, scalable, and affordable.
Topple Diagnostics capitalizes on embedded finance solution, powered by Raistone
Topple Diagnostics, an innovative diagnostics services company providing vestibular testing to private medical practices, faced a big challenge in early 2024. Topple had been using invoice factoring to help boost their working capital, but the factoring arrangements they had weren’t fulfilling their needs.
As a small-to-medium-sized business, Topple used QuickBooks as their financial management platform to manage their business. Topple relied on both QuickBooks Capital and a second working capital provider to acquire funding. The company sought a simpler, streamlined way to address their ongoing cash flow needs. Topple needed a partner that could not only help them run and manage their business, but that could also help them with Accounts Receivable Finance (ARF) and better serve their funding needs.
Topple discovered NetSuite Capital, a natively embedded finance solution powered by Raistone. By switching to NetSuite, Topple was able to not only leverage the power of an industry-leading platform, but also finance all their invoices in one, convenient place, at the most competitive terms.
Key benefits of working with Raistone:
Business growth: Topple rapidly enrolled 50+ customers via their existing NetSuite software.
Strong partnerships: By switching to NetSuite, Topple was able to not only leverage the power of an industry-leading platform, but also finance all of their invoices in one convenient place with Raistone, at the most competitive terms.
Non-debt working capital: Our solution is not debt to Topple. It simply accelerates payment on an asset, which coexists and complements other early pay or lending facilities.
A world-leading fintech: Raistone is owned by a full-service broker dealer, a $30 billion family office, a $900 billion wealth manager, and an international bank.
With funding powered by Raistone, Topple can now finance all their invoices at the most competitive terms, and they can do it all in one place with a convenient, user-friendly platform.
Raistone helps companies of all sizes with funding needs of all dimensions — Raistone can help provide working capital up to $1 billion with no minimum, helping ERPs and platforms become a one-stop shop for all their customers. For companies like Topple, that has proven to be simpler, more cost effective, and able to scale with the needs of their fast-growing business.
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