LuminArx Capital Management, a global alternative investment manager, and Bridge, an AI-powered lending platform, launched a partnership to provide $500 million in financing to CPG brands and retail suppliers fulfilling orders for some of America’s large retailers. The partnership pairs LuminArx’s creative and strategic capital with Bridge’s AI-driven underwriting and origination channels across major retail ecosystems.
“We are pleased to partner with Bridge to support retail suppliers with flexible capital solutions for production and inventory needs,” Andrew Fitch, Managing Director at LuminArx, said. “Bridge’s artificial intelligence capabilities and extensive network of industry relationships complements LuminArx’s structuring expertise and strategic capital. Together, we look forward to scaling a financing solution designed to meet the needs of retail suppliers and their buyers.”
Rohit Mathur, co-founder and CEO of Bridge, added, “The demand from suppliers selling into the country’s largest retailers has consistently outpaced the capital available to fund it. LuminArx shares our conviction in this market and brings the scale and sophistication to meet that demand. By collaborating closely together with them over the past six months, we believe we will now be able to provide fast and efficient capital to suppliers.”
Walmart works with Bridge to give its supplier community access to affordable capital when they need it most, helping suppliers fund inventory and fulfill orders.
Vedder acted as legal counsel to LuminArx. KingsRock Advisors advised in connection with the transaction.
