Horizon Technology Finance, an affiliate of Monroe Capital and a specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services and sustainability industries, provided a $10 million venture loan facility to OneNetwork, dba Finexio, of which $5 million has been initially funded.
“Finexio’s platform exemplifies the future of payments through its ease of adoption and comprehensive digital capabilities, leveraging predictive analytics to help clients optimize payment timing and cash flow, while providing a high level of fraud prevention,” Gerald A. Michaud, president of Horizon Technology Finance, said. “We are pleased to support Finexio’s growth as it pioneers the payment industry’s evolution.”
“We are excited to have Horizon’s support as we continue to empower our customers and partners with our best-in-class technology,” Ernest Rolfson, CEO of Finexio, said. “Their support strengthens our ability to provide solutions that reduce costs and make electronic payments faster, seamless and value-generating.”
