Bridge Bank’s technology banking group extended a $15 million growth capital term loan to Examity, a technology company concentrating on the online proctoring market.
Examity has partnerships with hundreds of enterprise-testing organizations, corporations and universities. The company provides test-takers with 24/7 support by providing a variety of proctoring options, including automated and live styles.
“With the continued expansion of virtual education as well as professional testing and certification, Examity is experiencing rapid growth,” Darren Gastrock, director in Bridge Bank’s technology banking group, said. “The financial solution we are providing will allow them to continue on a path of high growth while maintaining their top market position within the online proctoring space.
“The past year has driven unprecedented demand for remote proctoring solutions that will continue even after the pandemic subsides,” Nick Malone, CFO of Examity, said. “The team at Bridge Bank created a financial solution that fits our needs as a high-growth technology company and will position Examity to continue to meet the growing demand for online proctoring solutions with a secure, streamlined experience for test-takers, both during and after the COVID-19 pandemic.”
