eCapital, a technology-enabled provider of financing to small and medium-sized businesses (SMBs) across North America and the U.K., has closed a $100 million increase to its existing secured junior capital facility with Ares Management Credit funds, bringing the total facility size to in excess of $330 million.
“This increase in financing reflects the strong relationships we’ve developed with Ares and other financial institutions, highlighting their confidence in our trajectory and strategic vision,” Marius Silvasan, CEO of eCapital, said. “The additional liquidity enables us to continue investing in technology and expanding our portfolios, ensuring we remain agile in a dynamic market and able to capitalize on emerging opportunities.”
“We are excited to continue expanding our relationship with eCapital and further support their strategic growth initiatives,” Scott Rosen, partner in Ares’ Credit Group, said. “We believe our scale, coupled with our flexible mandate, makes Ares a strong capital provider for growth-oriented companies like eCapital.”
