Kapitus announced the recent closings of several financing transactions, including a $250 million asset-backed securitization and the upsize of its investment-grade corporate note to $95 million. Brean Capital, LLC served as the company’s exclusive financial advisor and sole placement agent in connection with the corporate note transaction.
These latest financing transactions mark another milestone in a period of significant growth for the small business financing provider.
“We are excited to announce our latest rounds of financing and the continued growth of Kapitus,” said Andrew Reiser, CEO of Kapitus. “As the demand for capital continues to grow for small business owners, the additional financing will enable us to continue serving the needs of small businesses nationwide.”
The proceeds of these transactions will be used to support the company’s growth and operational flexibility, expanding its ability to support the critical growth needs of small businesses in the U.S.
Committed to helping the small business community through fast and efficient financing options in an increasingly tight lending market, Kapitus connects business owners to a variety of financing products, ensuring each small business can access options tailored to its unique needs. To date, Kapitus has connected over $7 billion in growth capital to almost 65,000 small businesses.
“We are pleased to further strengthen our balance sheet with this recent round of financing,” said Anthony Rose, Chief Financial Officer of Kapitus. “We appreciate the continued support from our institutional investors and their confidence in our business model.”