Kapitus Secures $45M in Corporate Note Financing
Kapitus, a leading provider of financing for small and medium-sized businesses, has announced the successful closing of a $45 million investment-grade corporate note financing.
This latest funding round brings the company’s total debt facilities to $585 million. The specific investors involved in this financing were not disclosed.
Kapitus specializes in offering a variety of financing solutions to small and medium-sized enterprises (SMEs). With these new funds, the company plans to expand its portfolio of financing products and improve its funding platform, making it more accessible and efficient for small businesses to secure essential growth capital.
The proceeds from this financing will be directed towards further technological investments in Kapitus’ funding platform, enhancing its capability to streamline the process for small businesses to obtain critical growth capital quickly and efficiently.
To date, the company has provided over $6 billion in growth capital to nearly 55,000 small businesses across the U.S.
The company CEO Andrew Reiser stated, “With this most recent round of financing, Kapitus reaffirms its commitment to support small businesses with fast and efficient funding alternatives. Recent research continues to show that businesses are finding it increasingly difficult to access capital as both bank and non-bank lenders pull back. By expanding the products we provide and enhancing the speed at which small businesses can receive financing, we will address the unmet needs of thousands of small businesses across the U.S.”
Anthony Rose, CFO of Kapitus, added, “This capital raise also demonstrates our investors’ confidence in our business model, diversifies our capital structure, and gives us flexibility in how and when we deploy capital to support small businesses. Despite a tight credit environment, we continue to see opportunities to provide capital to small businesses, and this raise further enables us to execute our strategic plan more effectively while maintaining our focus on delivering enhanced value to small businesses.”
