Expands ability to provide companies with needed capital during a volatile economy.

 

NEW YORK, NY – April 3, 2023 – Kapitus, a leading provider of financing for small and medium-sized businesses, today announced the closings of a $100 million asset-backed securitization (ABS) and a $30 million investment-grade corporate note financing. These closings bring Kapitus’ total debt facilities to $540 million. Kroll Bond Rating Agency served as the rating firm for the ABS facility and Egan-Jones served as the rating firm for the corporate note transaction. The company plans to use the financing to increase its funding capacity for small businesses – providing a place where businesses can obtain much-needed working capital in this volatile economic environment.

“Recent bank failures have compounded an already uncertain economic environment, leading creditors to more deeply scrutinize how and where they invest. The closing of these facilities is a testament to the strength of Kapitus, the prominent role we play in the alternative financing space, and our ability and commitment to meeting the demands of both our stakeholders and our customers,” said Andrew Reiser, Chief Executive Officer of Kapitus. “The world is seeing macro-economic trends that indicate impacts of the same order of magnitude that we saw during the great recession. As we did 15 years ago, Kapitus will continue to demonstrate significant leadership in the industry. Completing this financing is just one of many steps we are taking to further support businesses with access to capital during these volatile times.”

Committed to helping the small business community through fast and efficient funding alternatives, Kapitus offers a variety of financing products to meet the unique needs of each individual company. Since its founding in 2006, Kapitus has provided $5 billion in growth capital to over 50,000 small businesses. In 2022, Kapitus increased its funding capacity by nearly $140 million and the company is on track to outpace that growth this year.

“We greatly appreciate the ongoing support we receive from a diversified group of leading credit investors,” added Ben Johnston, Chief Operating Officer of Kapitus. “In an era of credit tightening, increased regulatory scrutiny, and rising cost of capital across the banking sector, we see a significant opportunity to help our small business customers obtain the capital they need to grow. The economic conditions we saw in 2008 cemented non-bank financing organizations as a mainstay in the financing landscape, and we stand ready – with the support of our financial partners – to provide small businesses with the capital they need to succeed.”

Guggenheim Securities served as sole structuring advisor for the $100 million ABS notes, while Brean Capital, LLC served as the company’s exclusive financial advisor and sole placement agent for the $30 million corporate note.

 

About Kapitus
Founded in 2006, Kapitus is one of the most experienced and trusted names in small business financing. As both a direct capital provider and through its expansive network of financing providers that offer a variety of products, Kapitus has provided over $5 billion in growth capital to over 50,000 small businesses. Kapitus, either directly or through other financing providers, 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. For additional information about the company,: https://kapitus.com/

 

 

Media Contact:

Jackie Quintana

Pitch PR

[email protected]

480.606.8180

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

PRESS RELEASES

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.

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