KAPITUS INCREASES FUNDING CAPACITY BY $95 MILLION

/in /by

Now with $360 million in total facilities, fintech expands ability to fund small business growth

 

New York, NY – August X, 2022 – Kapitus, one of the largest and most reliable providers of small business financing, today announced the closing of $95 million in additional funding capacity, bringing total debt facilities to $360 million. In July, the company closed a $60 million upsize to its existing securitization and this month expanded its existing warehouse facility to $100 million. This comes on the heels of an additional $40 million upsize of its securitization in February, bringing Kapitus’ capacity increase in 2022 to nearly $140 million.

 

This financing comes as Kapitus ushers in a new phase of growth, having seen the highest funding volume in its 16-year history in 2021. Growth in 2022 continues, with record application and funding volume each month and a global expansion of its operations with the opening of an administrative office in India. This additional funding capacity demonstrates continued investor and bank partner confidence in the Kapitus platform, which helps small businesses grow and prosper though individualized financing solutions.

 

“Kapitus helped small businesses navigate unprecedented financial difficulty through the pandemic and resulting economic challenges, including the supply chain breakdown, record inflation and labor shortages,” said Andrew Reiser, Chief Executive Officer of Kapitus. “Today, we are poised and ready to help businesses through their next chapter, whatever stage of growth they might be in.”

 

Kapitus is committed to helping businesses grow strong through financial support, educational resources, tools and volunteer programs. This includes a variety of financing products to meet the unique needs of each individual business, as well as programs that give back to the small business community, such as its Building Resilient Businesses Initiative which will award $250,000 in grants to small businesses across the U.S.

 

About Kapitus:

Founded in 2006, Kapitus is one of the most experienced and trusted names in small business financing. As both a direct lender and a marketplace with an expansive network of financing partners offering a variety of products, Kapitus has provided over $4 billion in growth capital to over 50,000 small businesses. Kapitus, either directly or through trusted partners, offers products tailored to the need of every small business including term loans, sales-based financing, SBA loans, equipment leases and revolving lines of credit.

 

Media Contact:

Jackie Quintana, Pitch PR

[email protected] / 480.606.8180

KAPITUS RECEIVES RATING AFFIRMATION FROM KBRA ON SECURITIZATION NOTES

/in /by

 New York, NY – Kapitus, a leading provider of financing to small and medium-sized businesses, has received rating affirmation from Kroll Bond Rating Agency (“KBRA”) on three classes of notes it issued through SFS Asset Securitization LLC (“SFS”).

According to KBRA, “the affirmations are due to KBRA’s analysis of the supporting collateral pool of receivables, Kapitus’s managed static pool performance data and current credit enhancement levels for each class of notes.” In addition, the ratings on the three classes of notes have been removed from “Watch Downgrade”. On March 30, 2020 KBRA placed all outstanding ratings from 10 U.S. small business ABS transactions, covering 29 securities and $2.1 billion outstanding, on Watch Downgrade owing to the economic effects of Covid-19.

“We are pleased with the rating affirmations from KBRA as it underscores our approach to underwriting and credit risk and shows the importance of proactive management through the ongoing covid-19 pandemic,” said Andrew Reiser, Chief Executive Officer at Kapitus. “We are proud of the fact that Kapitus is among the only companies in the space to perform through this crisis and remain fully open for business, and given the current consolidation of the industry we believe we are well positioned for future growth.”

ABOUT KAPITUS
Founded in 2006 and headquartered in NYC, Kapitus is one of the most reliable and respected names in small business financing. As both a direct lender and a marketplace built with a trusted network of lending partners, Kapitus is able to provide small businesses the financing they need, when and how it is needed. With one application business owners can save time and money, while eliminating the stress that comes with applying to different lenders. At Kapitus, we believe that business owners should be able to focus on running their business, while we take care of the financing. To learn more, visit www.kapitus.com.

The notes are not registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from, or a transaction not subject to, registration requirements. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to sell the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer or solicitation or sale is unlawful.

KAPITUS CLOSES $160 MILLION SECURITIZATION

/in /by

New York, NY – Kapitus, a leading provider of financing to small and medium-sized businesses, today announced that it has closed its second asset-backed securitization (ABS) for $160 million. The facility, which has a 3-year revolving period, a 5-year legal final, and is expandable to $500 Million, was issued in three classes with the senior class earning a rating of “A (sf)” by Kroll Bond Rating Agency (KBRA). Guggenheim Securities served as sole structuring advisor and sole initial purchaser of the notes.

“The execution of our second securitization saw a significant increase in size over our inaugural $105 million issuance in June of 2018,” said Andrew Reiser, Chief Executive Officer of Kapitus. “This upsize demonstrates the sustainability of the asset class and reflects the market demand for our technology platform and funding processes.”

Through its proprietary technology, risk and underwriting models, Kapitus has provided small businesses with fast and efficient funding alternatives for nearly 14 years.

“The world of fintech is evolving to provide a larger suite of products to a more diverse group of businesses,” said Chief Operating Officer of Kapitus, Ben Johnston. “Our latest securitization allows us to grow with our customers while expanding the financing options available to them.”

ABOUT KAPITUS

Founded in 2006 and headquartered in NYC, Kapitus has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. With flexible financing options, Kapitus provides small businesses with the working capital they need to take advantage of opportunities and grow. Since its founding, Kapitus has provided small businesses over $3.0 billion in funding. To learn more, visit www.kapitus.com.

The notes are not registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from, or a transaction not subject to, registration requirements. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to sell the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer or solicitation or sale is unlawful.

STRATEGIC FUNDING SOURCE ANNOUNCES LAUNCH OF NEW BRAND IDENTITY; UNITES ITS FUNDING ARM AND SERVICING ARM UNDER THE NAME KAPITUS

/in /by

Strategic Funding Source Announces Launch of New Brand Identity; Unites its Funding Arm and Servicing Arm Under the name Kapitus

Change reflects new strategy, expansion of product portfolio, technology advancements and a renewed commitment to provide financing to more businesses

New York, NY – January 15, 2019 – Strategic Funding Source, a veteran of the small and medium-sized business alternative lending space, today announced the launch of a new corporate brand identity, including a new name. As part of this rebrand, the funding division and servicing division will be united under the name Kapitus. The unification of these two divisions will allow for an improved experience for both clients and partners.

Since its inception in 2006, Strategic Funding Source has provided over $2 billion to almost 40,000 businesses in hundreds of industries across the U.S. Over the past two years, the organization has been proactively building out its executive team, bringing in a wealth of experience to transform its risk model, underwriting processes, lending capacity and product line, technology capabilities and customer experience.

With these and other planned advancements, the company required a new brand that better reflected the company’s commitment to be a reliable source of capital to all small and mid-sized business owners.

“The small business lending landscape is consolidating around a few strong and reputable companies. Over the last several years, Kapitus has experienced tremendous growth both in its product offerings to small and medium-sized businesses and in the total number of businesses it serves” said Andy Reiser, CEO of Kapitus. “We chose a name and identity that represents our strength and stability as well as our promise to be a responsible and fair source of capital to small and medium-sized businesses nationwide.”

Along with the name change there will be a new logo, tagline (“Let’s Grow Together”) and domain name (kapitus.com). The rebrand is the first step in the company’s strategy to grow its own financing product line, add to its marketplace of 3rd party lenders and create a foundation for new partnership opportunities. The new brand also represents the company’s commitment to keep the human touch throughout the financing process, while improving customer experience through technology to aid the decisioning process and improve speed to funding.

“This is an exciting change for us,” added Reiser. “This new branding builds upon our history and pays allegiance to our standing as a leader in a fast-evolving industry, opening the door for future opportunities for us, our clients and our partners.”

About Kapitus
Founded in 2006 and headquartered in NYC, Kapitus is one of the most reliable and respected names in small business financing. As both a direct lender and a marketplace built with a trusted network of lending partners, Kapitus is able to provide small businesses the financing they need, when and how it is needed. With one application business owners can save time and money, while eliminating the stress that comes with applying to different lenders. At Kapitus, we believe that business owners should be able to focus on running their business, while we take care of the financing. To learn more, visit www.kapitus.com.

STRATEGIC FUNDING CLOSES $105 MILLION INAUGURAL SECURITIZATION; EXPANDABLE TO $500 MILLION

/in /by

NEW YORK, NY– Kapitus, a leading provider of financing to small and medium-sized businesses, today announced that it has closed the issuance and sale of $105 million of fixed-rate, asset-backed notes in a 144a private securitization. The facility has a 3-year revolving period, a 5-year legal final, and is expandable to $500 Million. The notes were issued from a wholly-owned subsidiary of Strategic Funding, SFS Asset Securitization LLC, and consist of four classes. The senior class of notes has a rating of “A- (sf)” by Kroll Bond Rating Agency (KBRA). Guggenheim Securities served as sole structuring advisor and sole initial purchaser of the notes.

“The securitization will give us enhanced flexibility allowing us to continue our rapid growth while providing superior financing products to small businesses,” said Andrew Reiser, Chief Executive Officer at Strategic Funding. “It is a confirmation of our business model and maturity.”

The securitization represents Strategic Funding’s first asset-backed securities issuance since the company’s inception in 2006. The notes are secured by a pool of loans and revenue-based financing agreements to small- and medium-sized businesses. This new facility will enable Strategic Funding to expand its operations, while broadening its portfolio of financing products for small and medium-sized business nationwide.

“The tech-enabled small business financing space is rapidly innovating to reach a broader group of credit-worthy businesses. This securitization – and the interest we have seen from top-tier investors – demonstrates that with the processes we have established, revenue-based financing can be a reliable asset class for investors,” said Strategic Funding’s Chief Operating Officer, Benjamin Johnston.

ABOUT KAPITUS

Founded in 2006 and headquartered in NYC, Kapitus has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. With flexible financing options, Strategic Funding provides small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit kapitus.com

The notes are not registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from, or a transaction not subject to, registration requirements. The notes were offered only to qualified institutional buyers under Rule 144A and to persons outside the United States pursuant to Regulation S under the Securities Act. This press release shall not constitute an offer to sell, or the solicitation of an offer to sell the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such an offer or solicitation or sale is unlawful.

STRATEGIC FUNDING APPOINTS NEW CHIEF FINANCIAL OFFICER; ADDS TWO NEW ROLES – CHIEF RISK OFFICER AND CHIEF PRODUCT OFFICER – TO EXECUTIVE TEAM

/in /by

NEW YORK, NY– Strategic Funding, a leading provider of alternative financing to small and midsize businesses, today announced the expansion of its executive team with the appointment of a new Chief Financial Officer and the addition of two key roles to the team. Anthony Rose has assumed the role of Chief Financial Officer; Jeffrey Newman joins the team as the company’s Chief Risk Officer; and Arun Narayan has been promoted to take on the new role of Chief Product Officer.
Rose, who developed strategic and financial initiatives at JPMorgan Chase, Credit Suisse and most recently, Dime Community Bancshares, brings over 15 years of leadership experience in the finance industry. In this new role, Rose will be responsible for charting the financial direction of Strategic Funding, while serving as the company’s strategic and tactical financial expert.
Newman, most recently Chief Credit Officer at Citibank’s US Retail Bank for Consumer and Small Business lending, will be leveraging over 25 years of experience to refine and enhance Strategic Funding’s credit, risk, and fraud management models. In addition, he will play a key role in managing the organization’s portfolio to ensure that the company meets its profitability goals.
Narayan, who has been with Strategic Funding since 2014, will be taking on the newly created role of Chief Product Officer to deliver the company’s next phase of growth through innovation across product development and management.
“We are excited to welcome our new executive team members,” said Andrew Reiser, CEO of Strategic Funding. “With the addition of these leaders we are confident that we now have the right team to transform our organization and bring Strategic Funding to its next level of growth.”

ABOUT STRATEGIC FUNDING

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. With flexible financing options, we provide small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit www.sfscapital.com

WHITMAN BUSINESS ADVISORS FORMS ALLIANCE TO BRING FINANCING TO CPA FIRM’S CLIENTS

/in /by

MONMOUTH COUNTY, NJ– Today Whitman Business Advisors (WBA) announced the addition of StrategicFunding, a premier online lender and alternative financing provider for small businesses, to their expanding Practice Growth Multiplier(TM) service offering for its CPA firm clients.
Phil Whitman, CEO and President of WBA explained the need for CPA firms to be at the forefront in helping their clients with growth challenges. “Our partnership with Strategic Funding will enable our CPA firm clients to bring to clients of theirs that may not qualify for traditional bank loans and lines of credit, alternative financing solutions.”
“We are thrilled to be partnering with Whitman Business Advisors,” said Ben Johnston, Chief Operating Officer of Strategic Funding. “Business owners place a high degree of trust in their accounting firms to provide advice on products, services and processes that often fall outside of the realm of their defined duties. Through this partnership, Strategic Funding and Whitman are able to provide Whitman’s CPA firms with a trusted source of financing to which they can refer their clients.”

About Whitman Business Advisors

Whitman Business Advisors LLC is a national consultancy that services CPAs and CPA firms exclusively. It’s six-pack plus of services includes: merger and acquisition, talent acquisition, partner retreats, training and coaching, The Practice Growth Multiplier(TM) and practice management consulting. To learn more, visit http://www.whitmanbiz.com

About Strategic Funding

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. Since its inception, Strategic Funding has provided nearly $1.5 billion to small business owners across the country. With flexible financing options, the company provides small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit https://www.sfscapital.com/

STRATEGIC FUNDING LAUNCHES NEW FINANCING PRODUCT FOR HEALTHCARE PRACTICES; ANNOUNCES PARTNERSHIP WITH BANKERS HEALTHCARE GROUP

/in /by

NEW YORK, NY– Strategic Funding announced today the launch of Helix, a financing product created to provide easy and fast funding to independent healthcare practices. Different from other alternative types of financing, Helix makes larger funding amounts and longer terms available to healthcare professionals. Funding amounts range from $10,000 – $500,000 and terms go out as far as 36 months. In addition, the Helix product comes with a risk matrix built specifically for healthcare businesses allowing for more customized financing options and quicker approvals.
As a part of this launch, Strategic Funding has partnered with Bankers Healthcare Group (BHG), a leader in the healthcare financing industry since 2001. Through this partnership, Strategic Funding and BHG will be able to offer an expanded set of financing products to their customers, and extend new options to practices that have seen little to no alternative financing options in the past.
“Over the past few years, we have seen independent healthcare and medical practices struggle due to lower insurance reimbursements and longer wait times for insurance payouts. The combination of these two situations has made it difficult for many practices to consistently maintain a cash flow. This lack of working capital has resulted in disrupted operation and, in too many cases, practices needing to close or be sold to larger institutions,” said Andrew Reiser, CEO of Strategic Funding.
“We knew we wanted to create a product specifically tailored to meet the needs of the health care industry. Which is why we partnered with BHG. Leveraging their years of experience in the healthcare financing industry, we have created a product that makes sense for these practices,” adds Reiser.
“We are thrilled to be partnering with Strategic,” said Bob Castro, President and Co-founder of BHG. “Through this partnership we’re able to expand financing options available for these practices. Healthcare professionals require financing built to work with the unique business challenges they face. This partnership allows us to do that. We can now offer financing for terms that have not been readily available in the past. It’s a win-win for all involved.”

To learn more about Helix visit: https://kapitus.com/products-services/helix-healthcare-financing/

ABOUT STRATEGIC FUNDING

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. Since its inception, Strategic Funding has provided nearly $1.5 billion to small business owners across the country. With flexible financing options, the company provides small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit www.sfscapital.com

ABOUT BANKERS HEALTHCARE GROUP

Bankers Healthcare Group provides innovative, hassle-free financial solutions exclusively to healthcare professionals. Since 2001, BHG has funded more than $3 billion to satisfied customers nationwide and worked with more than 110,000 practitioners. BHG is proud to maintain partnerships with leading healthcare industry associations, and is continually recognized for innovation, continued growth and being a best place to work. BHG is partially owned by Pinnacle Financial Partners (PNFP). To learn more, visit www.bankershealthcaregroup.com, and follow us on Twitter, LinkedIn and Facebook.

STRATEGIC FUNDING APPOINTS TWO NEW KEY EXECUTIVES; CONTINUES EXPANSION IN MIDTOWN MANHATTAN

/in /by

NEW YORK, NY– Strategic Funding, a leading provider of alternative financing to small and midsize businesses, announced today the appointments of two key members to its executive team. Aman Devgan has joined the company as Chief Marketing Officer and M. Jesse Carlson is assuming the role of General Counsel.
Previously Chief Marketing Officer at Propel Marketing, Devgan brings over 10 years of leadership experience in the digital marketing industry. In this new role, Devgan will provide guidance and direction in all areas of marketing and communications to continue to drive the growth and profitability of Strategic Funding.
Carlson, most recently counsel for the FDIC, will be using his 15 years of experience to provide strategic and legal advice to Strategic Funding’s executive and management teams, while ensuring that the company complies with all applicable federal, state and local regulations.
In addition to these appointments, Strategic Funding has brought on 63 new employees across their sales and operations departments throughout the first half of 2017. To accommodate this growth, Strategic Funding has further invested in its future by expanding into its third building in Midtown Manhattan.
“This is a very exciting time for us,” said Andrew Reiser, CEO of Strategic Funding. “Since our inception over a decade ago we have experienced accelerated, year-over-year growth. The new additions to our executive, sales and operation teams, as well as the expansion of our office space, are merely the next steps in securing our future as a top provider of financing to small businesses.”
Since 2006, Strategic Funding has provided $1.3 billion in financing to 32 thousand small businesses across the United States.

ABOUT STRATEGIC FUNDING

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. With flexible financing options, we provide small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit kapitus.com.

STRATEGIC FUNDING NAMES THE FOUNDATION FIGHTING BLINDNESS AS OFFICIAL 2017 CHARITY

/in /by

NEW YORK, NY– Strategic Funding announced today that the Foundation Fighting Blindness (FFB), has been designated as one of the two official charities it will be supporting in 2017 through its corporate and social responsibility programs. As part of its national sponsorship of this non-profit organization, Strategic Funding has agreed to work with its community of employees, partners and clients to raise funds for this cause throughout the duration of 2017. Strategic Funding will match the first $20,000 in donations made.

FFB has made it its mission to drive the research that will provide preventions, treatments and cures for the over 10 million Americans affected by the entire spectrum of retinal degenerative diseases. American’s like Kelly who has been living with Stargardt disease for almost 8 years. Stargardt disease is an inherited disorder of the retina and is caused by the death of photoreceptor cells in the macula. While it is the most common form of inherited macular degeneration, there are no known treatments for Stargardt.

“We are excited to name the Foundation Fighting Blindness as an official charity in our 2017 corporate giving program,” said Andrew Reiser, CEO of Strategic Funding. “With a close family friend who is affected by retinal disease, I have seen first-hand the amazing work that the FFB has done for her. The entire Strategic Funding team is excited to be sponsoring such a worthy cause.”

Since its inception in 1971, the Foundation Fighting Blindness has raised more than $700 million for retinal disease research. With these funds, it has funded 134 research studies, identified over 250 retinal degeneration causing genes, and has supported clinical trials that, in some cases, have resulted in significant vision improvement for trial participants.

ABOUT STRATEGIC FUNDING

Founded in 2006 and headquartered in NYC, Strategic Funding has been recognized by customers and the industry as one of the most reliable and respected names in small business financing. With flexible financing options, we provide small businesses with the working capital they need to take advantage of opportunities and grow. To learn more, visit www.sfscapital.com

ABOUT FOUNDATION FIGHTING BLINDNESS

Since the Foundation Fighting Blindness was established in 1971 it has raised more than $700 million for research on preventing, treating and curing blindness caused by inherited retinal diseases. In excess of 10 million Americans, and millions more worldwide, experience vision loss due to retinal degenerations. Through its support of focused and innovative science, and by teaming with industry, the Foundation drives the research that has and will continue to provide treatments and cures for people affected by retinitis pigmentosa, macular degeneration, Usher syndrome and other inherited retinal diseases. Our goal is to advance the most promising retinal disease research in the world and across the spectrum of retinal degenerative diseases. You can help. Every donation moves us closer to a cure.

About Us

Products

Contact Us