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Initial platform transactions will focus on the consumer, renewable energy and commercial real estate lending sectors
David Johnson brings 25+ years of experience to growing financial technology platform
"Finitive has established an innovative platform to provide institutional investors with direct access to alternative lending investments"
The rapid expansion of our platform over the last several months has required us to add to our team of senior investment professionals.
Finitive's technology platform improves the investor and originator experiences by accelerating closing speeds and lowering transactions costs.
Brian Madocks, CEO of eOriginal, Joins Board of Advisors
Finitive's platform, which includes a network of 500 institutional investors, allows it to efficiently match non-bank lenders with investors based on criteria such as asset class, loan size, target yield range and more
Vervent is pleased to announce a partnership with Finitive to further promote collaboration and inclusion within the Fintech industry
For institutional investors, direct lending provides an opportunity to diversify and gain yield - especially in a period of historically low interest rates.
The specialty finance company will use the capital to purchase distressed and non-performing portfolios from non-bank MCA lenders
QuadPay will use the facility to expand its buy now, pay later business to new merchants across the US
FirePower will use the new capital - in excess of C$250 million - to provide secured term loans to "asset-lite" mid-sized Canadian businesses, and to purchase loan portfolios from distressed secondary sellers
Capital for the joint venture will be provided by a division of a top 50 global bank, as well as by Lakeport's principals
Despite tighter lending standards, the COVID-19 crisis has left many banks holding non-performing residential loans (NPLs). As the pandemic continues and job creation stagnates – or in the case of some sectors, declines – U.S. mortgage NPLs are likely to increase.
The capital, provided by a consortium of global investors assisted by Finitive, has expanded Marketlend's ability to provide short-term credit facilities to SMEs in Australia
A new line of credit, secured through the Finitive private credit platform, will provide dedicated capital for TRADE X to expand its global B2B automotive trading platform across North America
Finitive appoints Steve Yampolsky as Head of Engineering and Chris Benjamin as Principal Software Architect to advance the platform’s deal-matching capabilities and growth
Dr. Stokes will advance and accelerate how investors use Finitive’s data-driven marketplace to gain access to private credit opportunities and connect with borrowers.
Finitive will deploy the new capital to advance its private credit marketplace, providing digitized deal sourcing, screening and due diligence for investors.