Fundbox, a provider of embedded capital infrastructure for the small business economy, renewed its existing credit facility with ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds, and added funds managed by Blue Owl Capital, a global alternative asset manager, as new lenders to the facility.
The facility deepens Fundbox’s long-standing partnership with ATLAS and marks the start of a new relationship with Blue Owl.
“We’re pleased to continue our partnership with Fundbox and support the next phase of its growth,” Jack McSwain, director at ATLAS, said. “Fundbox has built a scaled embedded capital platform serving small businesses with a consistent credit track record, and ATLAS is looking forward to supporting Fundbox alongside Blue Owl.”
Renuka Nayani, chief financial officer of Fundbox, added, “This continued partnership with ATLAS is a strong validation of the consistency of our credit performance and the rigor of our underwriting. We’re also excited to welcome Blue Owl as a new lender. Adding a highly regarded asset-backed credit partner further strengthens our funding ecosystem and positions us well as we continue to expand financing solutions for small businesses over time.”
Ivan Zinn, head of alternative credit at Blue Owl, concluded, “We’re pleased to work with Fundbox and join this facility alongside ATLAS and to help Fundbox serve its small business customers. Fundbox’s disciplined approach, strong historical performance and focus on responsible growth align well with our ABF strategy.”
