New Year. New Name. Renewed Commitment

It’s been a long time coming. When Andy Reiser launched this company in 2006, the name he chose for it was clear as day. After all, Strategic Funding was what the company was built to do – provide capital to business owners who would apply it strategically to strengthen their businesses. The company grew, financing $1.1 million in the first year; and remained strong through the great recession, continuing to finance small businesses through that difficult time. Since then, Strategic Funding has grown to 220 employees and has provided over $2 billion to nearly 40,000 businesses in hundreds of industries across the US.

Throughout these thirteen years, we’ve seen a lot of change. Many new alternative lenders entered the industry and advanced the fintech revolution. Many struggled to survive or prove the sustainability of their business models. Some undertook dubious practices to cover the weaknesses within their operating infrastructures.

Yet, despite all of this change on the outside, financial challenges for small businesses remain. The number of businesses that need capital to either grow or help with operating expenses remains high. Credit remains elusive and despite best intentions, traditional lenders like banks continue to be unable to help them. The need for small businesses to access financing quickly and responsibly has only grown.

Recognizing this, we started transforming ourselves a year ago with a commitment to expanding access to capital to more small businesses and making this access faster and easier. We built out a new leadership team, added new products and new partners, closed our first securitization expandable to $500 million, reduced the time from application to funding to mere hours, and launched an upgraded online portal for our ISO partners. Most importantly, we kept the human touch throughout our financing process, while improving the customer experience through advanced technology that aids in the decisioning process to improve speed to funding.

Now all business owners can access capital easily and quickly, knowing that they have each got a solution structured for their unique need  whether that business owner is the restauranteur who needs to buy cases of expensive wines for her business’ most important season…

Or the salon owner who wants to expand with a second location…

Or the physician who needs to pay his staff before money is received from insurance payouts…

Or the dentist who wants to add an advanced sleep apnea specialization to his practice practice to improve cash flow.

We continue to build it all on the same core principle that has guided us for the last thirteen years and has always served as our distinguishing feature: that each business and, therefore, each solution is unique. And that financing from us must always serve to strengthen our customers. And so it was time to give ourselves a new name – one that reflects the strength that flows to our partners and customers when they work with us. KAPITUS.

At Kapitus, our mission is to empower every business to succeed by providing the best financing options – when they need it and how they need it. Whether we are working with a business directly or through a strategic partner, we will work diligently to provide the most convenient, cost- effective and appropriate financing solution for a business’s needs.  We promise to keep the best interests of our clients at the center of the financing process by operating with transparency, fairness, and integrity.  We will continue to empower small businesses to make educated financial decisions, as we have since our inception in 2006.

We are truly grateful to our partners and customers that allow us to serve and continue our mission every single day.. Here’s to the next thirteen years!

 


Employee Picks – Our Favorite Small Businesses

Strategic Funding employees talk about their favorite small businesses

Our employees work to make small businesses succeed every day. So, it’s only natural that they shop at them in their time off, too. This National Small Business Week, we want to highlight small businesses recommended by the people here at Strategic Funding.

Have you visited any of these businesses before? Have a favorite of your own? Comment below, we would love to hear about it!

Jacob’s Pickles – New York, New York

(Image Source: @jacobspickles on Instagram)

“I go to Jacob’s Pickles on the Upper West Side as much as possible! It’s a great restaurant and located in an amazing neighborhood. The menu is impressive and the service is welcoming. It’s a restaurant that’s all about bringing good home cooked food with an electric, warm atmosphere.” – Cameron, Funding Team

Tia’s Place – Jersey City, NJ

(Image source: @tiasplace on Instagram)

“I go to Tia’s Place when I need to shop for clothes and accessories for an occasion. They usually have fun in-store events like free champagne and appetizers while you shop or giveaways. The customer service is always great!” – Beverly, Marketing Team

Acai of America – New York, NY

(Image source: @AcaiofAmerica on Facebook)

“Acai is a Brazilian staple super food. Acai of America imports the fruit from the Amazon and distributes it throughout the country. The company provides greater access to health and wellness.” – Meron, Funding Team

Ken Sanders Rare Books – Salt Lake City, UT

(Image Source: @kensandersbooks on Instagram)

“Ken Sanders has a lot of vintage and hard to find books that I could look at all day. They also have a huge collection of old postcards from all over the country, which is my favorite part. The store is in a cute building downtown and also great for pictures!” – Jessie, Marketing Team

Charrito’s – Weehawken, New Jersey

(Image Source: @loscharritos on Instagram)

“Charrito’s is a Mexican Traditional style restaurant and bar. When the weather is nice, the outdoor patio at their Weehawken location is open with gorgeous views of New York City. You can see the GWB all the way down to Freedom Tower. The service is always perfect and the food reminds me of grandma’s cooking. They make the guacamole fresh right in front of you. It feels like you are at home while you’re surrounded by your friends.” – Matthew, Renewal Funding Team


Strategic Funding Adds 3 New Members to its Executive Team

PRESS RELEASE

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

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.


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