InterNex Capital surpassed $500 million in client fundings after launching to the market a little more than three years ago.
“This momentous milestone is a testament to the value we are bringing to small and medium-sized businesses across the United States,” Lin Chua, co-founder and president of InterNex Capital, said. “We started InterNex because we knew these underserved businesses needed more than just money. They want technology that makes running their businesses and accessing capital easier. They want analytic tools and insightful reporting to better manage their working capital. They want transparency. They want to be at the front of the line and receive real-time responsiveness. They want a true growth partner, not just a lender. So, we built the Velocity platform to deliver to small and medium-sized businesses, and the response has been overwhelming.”
“We have ambitious goals for InterNex. Our continued investment in data science and AI (artificial intelligence) will bring new levels of enhanced value to our clients as they navigate their many business cycles,” Paul DeDomenico, co-founder and CEO of InterNex Capital, said. “We remember always that there are real people behind every small and medium-sized business we call our clients. We will continue to focus on providing liquidity and working capital management to a key segment that is very important to us, women and minority-owned businesses. Over one third of our funding to date has been to this critical segment, and we pledge to continue increasing this. Although we are proud of what we have accomplished, we are always focused on the future. The best is yet to come.”
