Brean Capital Closes Senior Credit Facility for FundFi
New York, NY – Fundfi Merchant Funding, LLC (“Fundfi” or the “Company”), a leading provider of revenue-based financing solutions, announced the successful closing of a senior secured credit facility with a prominent institutional asset manager. The new capital will serve to further grow the Company’s lending platform in the United States and Canada.
Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.
Since inception in 2020, the Company has provided innovative financing solutions to small and medium-sized businesses seeking alternatives to traditional lending channels, with a focus on flexible terms, responsive service and business-focused solutions.
“The demand for fast, reliable funding has never been higher, and this expanded facility positions us to meet that demand head-on,” said Efraim Kandinov, CEO and co-founder of Fundfi. “It’s a strong vote of confidence in the business we’ve built and the markets we serve.”
“This facility strengthens our balance sheet with a highly scalable structure that grows alongside our lending platform,” added Natasha Dillon, CFO and co-founder of Fundfi. “In a time of economic uncertainty, we are preparing and positioning ourselves to be ready with more capital, deployed faster, to the businesses that need it most.”
Fundfi: A Fintech Family of Solutions. Fundfi is a fintech parent company providing fast, flexible capital to small businesses through revenue-based financing and loan products. Its family of companies includes Fundfi Merchant Funding, Fundfi Financial Solutions, and Fundfi Canada, serving business owners and broker partners across North America. For additional information about the Company, visit: https://www.fundfi.com
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 50 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more information, please visit: www.breancapital.com/InvestmentBanking.
Source: Brean Capital