TheAppLabb is a leading North American app development company that has built over 750 apps in the last 17 years, pioneering the use of AI to create personalized, frictionless digital experiences. Founder and CEO Kundan Joshi has always believed in the power of technology to solve everyday problems and improve human experiences.

As the company scaled rapidly across geographies and expanded its AI-driven product lines, TheAppLabb needed funding to bridge key growth periods. That’s when they partnered with Swoop. Through Swoop’s support, they secured a tailored working capital loan that allowed them to move quickly — fueling innovation, supporting expansion into the U.S., and accelerating the launch of new solutions.

Kundan credits the partnership for unlocking opportunities not only for TheAppLabb, but also for their clients. “We really found Swoop as a great one-stop shop for our finance team and the Swoop team has been fantastic in matching our needs with the right solutions,” he shared. With growth in full swing, TheAppLabb continues to push boundaries in mobile and AI innovation, backed by a financing partner that grows with them.

Mannin Research is dedicated to developing innovative treatments for vascular diseases like glaucoma, kidney disease, and respiratory conditions. Their goal is to make a real difference in patients’ lives with groundbreaking therapies.

When they reached a critical point in their research, Mannin turned to Swoop for the funding they needed. With the expert support of the Swoop team, they secured the right financing and were able to quickly and smoothly expand both their team and research capacity. “Those funds helped us meet the next stage of our business, where we’re now able to hire some really great management,” George shared.

With their next financing round on the horizon, Mannin is ready to grow and form international partnerships to amplify their impact. Through ongoing collaboration with the Swoop team to meet various funding needs, they’ve built a strong, supportive relationship. As George puts it, “When I think of Swoop, I think of family.”

Nicolás Prada opened Piragua Colombian Specialty Store to share his culture and cuisine with the community. Offering homemade Colombian dishes, retail goods, and 100% Colombian coffee, his goal was to provide a taste of Colombia.

After facing rejections from banks, Nicolás turned to Swoop for funding. “Swoop made my dream possible when the banks said no,” he says. With Swoop’s quick and easy loan process, he was able to open Piragua. The process was smooth and fast, with Swoop’s team providing ongoing support and guidance.

“In less than a month, I got the loan,” Nicolás says, praising the speed and ease of working with Swoop. Thanks to the funding, Piragua is thriving, and Nicolás is gearing up to grow the brand.

Meet Rosh, the owner of H2O Float Studio, Toronto’s first float therapy center, located in the iconic Distillery District. As an athlete with a background in Taekwondo, soccer, and badminton, Rosh understands the importance of recovery and discovered float therapy as a powerful, non-invasive way to heal.

H2O Float Studio stands out by offering not just float therapy, but also registered massage therapy, unique themed floats, and even the option to float with a partner—something you won’t find anywhere else in Toronto. Thanks to funding from Swoop and its partners, Rosh was able to acquire the business and expand its offerings.

With a dedicated team that prioritizes relaxation and rejuvenation, H2O Float Studio has nearly doubled in size in the past year. Looking ahead, Rosh plans to introduce hydrotherapy, psychotherapy, red light therapy, and sound healing—continuing the mission to be Canada’s go-to destination for mind and body reset.

How team work made the F45 dream work

A chance encounter brought two veterans together in business. With Swoop’s help, they are achieving their ambitions

Service in the military gives people discipline, grit and the ability to work in a team – all great attributes for an entrepreneur. When you put two military veterans together, the potential is huge. 

Veterans Sean Ward and Hocque Figureoa are joint owners of a new F45 gym in Virginia Beach, near Chesapeake, Virginia.  

While both had ambitions to open an F45 gym, the pair didn’t meet until after they had signed franchise agreements with the fitness company. By coincidence, the two sat next to each other at an F45 training event in Austin, Texas, and realized that they had a lot more in common than their home city. 

Sean, a former Navy helicopter crew chief, says: 

“Hocque and I both liked what F45 was offering as a product to customers: I love the camaraderie and It really is the world’s best workout.”

Hocque, who went to business school after service in the Marines, found that the gym offered something outside what he was doing: 

“I was doing a sales job, and though I’m good at it, it wasn’t really firing me up. One day, my sister invited me to a workout at F45… and of course I thought it was the coolest thing ever. I knew this was the next step for me as a businessperson.” 

After the event in Austin, the pair stayed in touch as they tried to raise funding to open their gyms. 

“That didn’t pan out,” says Sean, “so we banded together and pooled resources. Even so, we still found it difficult to find a lender who could cover the startup costs. This included outlay for equipment and renovation to reach the standards we wanted our customers to experience.”

Hocque adds: 

“The difficulty was in finding a lender who would work to our timescale. Everything felt very slow and difficult – they were raising objections rather than trying to make it happen. We contacted F45 to explain the situation. They put us in touch with Daire Burke from Swoop – and the rest is history.”

Daire says: 

“Sean and Hocque were let down by another lender and Swoop was able to quickly arrange a term sheet to help them finance their project. We searched the market to find the most competitive rates and structure for the financing. Just as they thought they were back to square one, Swoop got them over the finish line.”

The pair agree that thanks to Swoop, the business is on track to open in March 2023: “Daire made it happen!” says Hocque. “There is no doubt that Swoop sped up the process and found lenders that worked to our time scale rather than the other way round.”

Sean says that his experience of working with Hocque, F45 and Swoop has been that by working together with the right people, great things can happen:

“Hocque and I know we can work together because our views and purpose align. In F45 and Swoop we’ve found people to speed us along our journey rather than put obstacles in the way. We joined the military to make the world a better place. F45 does that for people and Swoop has done that for us as a business.”