InterNex Capital completed a $300,000 facility for a consulting company and a $100,000 facility for a healthcare product and services firm.
InterNex Capital was founded by a group of former GE Capital executives and fintech entrepreneurs to bring digitized asset-based lending to the lower mid-market. InterNex Capital brings a “bankable” working capital financing product to small and mid-sized businesses with $1 million to $50 million in revenue. InterNex has blended traditional asset-based lending with new technology.
Digital asset-based lender InterNex Capital raised $3.85 million from family offices and private investors in an oversubscribed seed offering. InterNex was founded by former GE Capital senior executives.
InterNex Capital, an asset-based digital lender, provided a $1.8 million revolving credit facility to Horizon Express and Horizon Logistics.