Headquartered in New York City, Arsenal Funding has provided merchant funding to small businesses and corporate organizations since 2014. The transaction provides the company with the balance sheet capacity to expand.
“This capital raise completes Arsenal’s evolution from ambitious startup to institutionally-backed finance company,” Mark Seigel, managing partner at Crown Partners, said. “I am inspired by the Arsenal team’s entrepreneurial spirit and commitment to continuous progress, which are key ingredients to their success. I am thrilled that Crown could play a role in their expanded service to ISOs and their clients.”
“Arsenal Funding is proud and excited to be working with a premier national banking partner to significantly increase our funding capabilities and ensure a steady and upward growth in the size of our business and portfolio,” Marlen Kruzhkov, managing partner at Arsenal Funding, said. “Arsenal’s goal remains the same as always: to utilize our industry-leading underwriting, our highly experienced team and our unparalleled ISO relationships to continue to provide quick and efficient services to our merchants so that their small and midsize businesses can continue to grow and prosper. We want to thank Crown Partners for their invaluable assistance in helping us achieve this major milestone in the development path of our company.”