The Credit Junction, the first data-driven, asset-based lender for small and mid-sized businesses, secured a $23 million growth equity investment from Century Equity Partners.
The investment will provide The Credit Junction with growth capital to provide financing solutions to Supply Chain America, as well as commercialize its proprietary data and risk analytics platform.
This is the second meaningful financing for The Credit Junction in recent months, as the company secured a $150 million credit facility from MidCap Financial in March 2018.
“We are thrilled to have the support of an experienced and growth-oriented partner like Century Equity Partners,” said Michael Finkelstein, CEO and founder of The Credit Junction. “Century shares our passion for leveraging technology to meet market needs and has a proven track record of helping companies accelerate their businesses. We are excited to utilize their deep experience and industry knowledge as we look to grow both our lending and data analytics businesses.”
“We are pleased to partner with The Credit Junction in this next stage of their growth,” said Chris Lalonde, managing director of Century. “We have been impressed with the outstanding job that Michael and his team have done, and believe that their lending and technology platforms will offer significant value over the long-term. We are dedicated to supporting The Credit Junction’s strategic initiatives as they build on this strong foundation.”
Century focuses on making investments in lower middle market companies that have demonstrated value propositions to the financial services industry.
