nFusion Capital Fuels Growth with Enhanced Junior Capital Facility from Haversine Funding
AUSTIN, Texas–AUGUST 15, 2024—nFusion Capital Finance, LLC, a leading commercial finance company for entrepreneurs, announced that it has increased its junior capital credit facility to $17.5 million with Haversine Funding. Last month, nFusion announced that it had increased its senior secured credit facility with a consortium of lenders. The enhancements to its capital structure will support its exponential portfolio growth.
nFusion and Haversine have worked together over the last four years as nFusion expanded its product offerings and built its portfolio, credit, and business development teams. Haversine’s subordinated debt facility with nFusion was initially $2 million, expanding to $12.5 million before the recent increase to $17.5 million.
“We have a wonderful relationship with Haversine,” said Jason Lippman, nFusion Capital’s CEO. “This additional capital will accelerate our growth journey, and we are grateful for their trust and commitment. The Haversine facility will also allow us to better manage capital usage and our business's cash fluctuations.”
nFusion Capital has established itself as a leader in factoring and asset-based lending, offering tailored solutions to businesses across various industries. Focusing on niche industries and innovation, nFusion has built a scalable platform that enables it to efficiently serve clients and deliver exceptional value.
Gen Merritt-Parikh, CAEF-SME, Haversine’s President, stated, “We've been proud partners with nFusion Capital for almost four years, witnessing firsthand their impressive growth and commitment to small and mid-sized companies nationwide. This increased facility reflects our confidence in their team and strategy, and we are very excited to continue supporting their journey.”
nFusion Capital’s mission is to partner with businesses and referral partners alike to support business growth and the spirit of entrepreneurism, where every individual has the opportunity to fulfill their dreams or fail trying.
“Working with an entrepreneurial company like nFusion is exciting,” said Cheryl Mayo, CAEF, Haversine’s Senior Director and Portfolio Manager. “Their energy, innovation, and drive to succeed create a dynamic and rewarding partnership.”
About Haversine Funding
Headquartered in Dallas, Texas, Haversine Management and its subsidiaries are dedicated to delivering fast, flexible, and fair funding solutions to commercial lenders. Since its inception in 2018, Haversine has become a significant ally to factors and asset-based lenders requiring specialty finance funding options. Haversine fills funding gaps by offering senior and junior lender finance lines of credit up to $25 million, as well as participation funding programs. Its 2022 launch of Lead Line, a lead generation and referral platform, and the 2023 release of the ‘In Focus with Haversine’ podcast further exemplify its innovative approach to servicing the industry’s diverse needs. Whether a specialty finance company looking for capital, a private equity sponsor or private company looking to be connected to the ideal lender, or an investor seeking attractive and uncorrelated risk-adjusted returns, please visit www.haversinefunding.com to learn more.
