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Brean Capital Secures $50MM for Synergy One Lending

October 20, 2021, 07:00 AM
Filed Under: FinTech

Synergy One Lending, a leading independent, technology-enabled specialty finance company based in San Diego, CA, completed a $50.0 million corporate note financing with a consortium of institutional investors. The Company intends to accelerate its investment in the growth of its distributed retail and consumer direct channels, technology and partnership development, as well as its servicing portfolio.

Brean Capital, LLC served as the Company’s Exclusive Financial Advisor and Placement Agent in connection with the transaction.

“Our ability to access the capital markets in this favorable environment provides tremendous lift as Synergy One continues to evolve and thrive,” said Steve Majerus, CEO. “This bolsters our balance sheet at very attractive terms while allowing us to refine and improve our platform at a quicker pace,” Majerus said.  

Synergy One has grown over 500% in the past four years and the Company executed a management buyout, led by its current leadership team, in April of 2020.

Synergy One President, Aaron Nemec, added, “We are humbled, grateful and excited that our recipe of empowerment, cutting edge technology and a fully transparent culture has differentiated us in the industry.” Nemec then added “We have been fortunate to attract some of the industry’s top talent and we believe we can accelerate that growth with this capital raise. We will continue to provide our team and our clients with the right technology at the right time to create a lending process that is consistent and memorable for all the right reasons.”

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