Fintech company Finitive launched its zero-fee alternative lending investment platform. It received commitments for transactions with an aggregate capacity of $1.3 billion.
“Finitive’s platform utilizes technology and artificial intelligence to make investing and raising capital in the [alternative lending] sector simple and efficient, substantially reducing the amount of time and money that market participants – both investors and originators – spend closing transactions,” said Jon Barlow, Finitive’s executive chairman and founder.
Through the Finitive platform, banks, insurance companies, fund managers and institutional investors can directly access proprietary, alternative lending transactions that are vetted by a team of senior credit professionals with portfolio management experience. It provides investors with access to comprehensive investment memos, detailed data rooms and Finitive shadow ratings.
Originators in the alternative lending sector will be able to access large amounts of capital through Finitive’s network of investors, as well as raise capital across multiple asset classes and geographies for various transaction types, such as forward flow and whole loan sale programs, warehouse lines and term loans.
