Crown Partners, an investment bank focused exclusively on middle-market asset-based finance, arranged a new credit facility for Fundfi Merchant Funding, providing committed capital for the company to fund the growth of its portfolio. Crown Partners served as the exclusive financial advisor to Fundfi.
The new credit facility provides Fundfi with the balance sheet capacity to expand as it seeks to capitalize on a growing demand for alternative financing options among businesses facing challenges in securing traditional bank loans.
“The closing of this growth financing in what has been a very challenging year in the lender finance market represents another major step forward for Fundfi and its customers,” Mark Seigel, managing partner of Crown Partners, said. “During a time when both small businesses and the institutions that finance them have been adversely impacted by inflation, rising interest rates, and displacement in the banking sector, Crown Partners continues to serve leading specialty finance platforms in accessing efficient capital that serves its business plan.”
“This new credit facility marks a transformative step for Fundfi Merchant Funding, expanding our ability to support small and medium-sized businesses with accessible and flexible funding solutions,” Efraim Kandinov, co-founder and CEO of Fundfi Merchant Funding, said. “Crown Partners did more than just raise capital for us – they used their detailed knowledge of how investors evaluate businesses to upgrade the way we report the KPIs that drive Fundfi’s success. This has not only made us more attractive to institutional financing sources, but has enhanced our own ability to manage our business.”
