FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


InterNex Capital Raises $3.85MM in Oversubscribed Offering

May 12, 2017, 07:00 AM
Filed Under: Investment Financing

Digital asset-based lender InterNex Capital raised $3.85 million from family offices and private investors in an oversubscribed seed offering. The convertible notes offering, which originally targeted $2.5 million, closed last week.

InterNex was founded in May 2015 by former GE Capital senior executives & fintech experts. The company's digital lending platform offers small- and mid-sized businesses an optimized client experience while enhancing asset-based underwriting and monitoring reliability through integrated technology, data analytics and artificial intelligence.

Small- and mid-sized businesses are heavily underserved when it comes to their working capital needs. The seed offering closed on the heels of InterNex securing a $100 million debt financing from 400 Capital Management in late 2016 and growing its digital asset-based revolving line of credit financing solution. InterNex has funded over $5 million to its business clients to date.

"We are delighted that our investors value the unique approach we have taken in marrying best practices in finance with cutting-edge technology to serve the small- and mid-sized business growth engine of the United States," said Lin Chua, Co-Founder, COO and Head of Capital Markets at InterNex. "Our business clients look to InterNex's digital revolving lines of credit not only to solve ongoing working capital needs but also to simplify their daily operations."

The investment enables InterNex to expand sales and marketing, scale its business operations and enhance its technology platform.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.