Kapitus, a provider of financing for small and medium sized businesses, closed a $100 million asset-backed securitization and a $30 million investment-grade corporate note financing. These closings bring Kapitus’ total debt facilities to $540 million.
Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by Kapitus Asset Securitization II LLC, Series 2022-3. This transaction is the fifth securitization for Kapitus, formerly known as Strategic Funding Source.
Kapitus selected Mambu’s cloud banking platform as its technology foundation. Kapitus will leverage Mambu’s low-code, composable lending engine to achieve a faster time-to-market as it evolves the commercial lending space.
Kapitus, a provider of small business financing, closed $95 million in additional funding capacity, bringing its total debt facilities to $360 million.
Kapitus, a provider of small business financing, closed a $200 million asset-backed securitization, expandable to $600 million.