CURRENT
Co-Founder and Managing Director of Risk
HQ: New York
646-849-1800 • internexcapital.com
Innovation is creation and transformation, and at InterNex Capital, transforming asset-based lending has been the focus since day one.
In the last 12 months, InterNex Capital has made real investments in data science, an area typically overlooked by traditional asset-based lenders. After the initial success of its pilot term loan decision engine, InterNex has further iterated on its data science models to more than double its term loan originations in the last year alone. The company is now beta-testing a completely new machine-scoring data science application that reviews a small business’ cash flows to determine small term loan suitability with speed.
“At InterNex, innovation is our ability to be agile and react quickly to client needs,” Simon Hermiz, co-founder and managing director of risk at InterNex Capital, says. “Our highly developed combinations of pattern recognition technology and real-time data empower us to quickly identify financial risks and growth opportunities with both prospective and existing clients.”
InterNex has also recently expanded its Velocity Term product with standalone term loan facilities and add-on term loan facilities for invoice finance clients to fund large projects that require significant liquidity beyond their receivables. In addition, InterNex has successfully gained market share in the last year by closing notable transactions that other asset-based lenders have walked away from after deeming the clients too complex. Aside from its people, InterNex credits its technology platform, Velocity, for its ability to go above and beyond other traditional lenders and recognize trends much faster than traditionally possible.
Since inception, InterNex has coupled its consistent innovation with successful risk management, maintaining 0% loss rates while regularly increasing funding volume by 60% year over year. These achievements have been made possible by the company’s technology investments and developments that enable automated triggers and advanced portfolio visibility