Solifi, a global fintech software partner for secured finance, announced that ALL Capital, a recently launched asset-based lender, has implemented Solifi ABL to support the venture.
Founded by industry veterans Charlie Hodgson and Mike Bryon, who have extensive experience in private credit, ALL Capital provides flexible debt capital to clients aiming to raise between £5 million and £20 million. The business has chosen Solifi to streamline its operations and support its growth as it brings its solutions to the market.
“We are proud to be supporting Mr. Hodgson and Mr. Bryon’s growth strategy from the outset,” said Karan Oberoi, Chief Product Officer at Solifi. “With Solifi ABL, ALL Capital will be equipped with the tools they need to help establish themselves as key players in the industry. Our flexible technology will scale with them as their business continues to expand, with the ability to add on integrations that suit the needs of their business.”
Solifi demonstrated flexibility and agility during the implementation project, working with ALL Capital to achieve the targeted go-live milestone.
“Based on our experience of Solifi and its products, we were confident that the asset-based lending solution would prove the perfect fit to support our growth objectives,” said Charlie Hodgson. “Solifi ABL has aligned well with our overall strategy, and we are particularly impressed with the configurability, speed and flexibility of this solution.”
Some of the functionality that ALL Capital enjoys includes:
- Data-streaming: Access to near real-time data in a consistent format
- The Borrower Portal: The ability to view both current and historical information, submit funding requests, post updates and attach supporting documentation, requiring less resources
- AR Wizard: The manual process of reviewing and calculating ineligibles is streamlined, taking minutes rather than hours
- Trend Reporting: Access to daily, weekly and monthly insights at every level to identify new opportunities and portfolio risk
