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ABL Fintech The Credit Junction Nabs $23MM from Century Equity Partners

November 01, 2018, 08:03 AM
Filed Under: Lender Finance

The Credit Junction, a data-driven, asset-based lender for small and mid-sized businesses, has secured a $23 million growth equity investment from Century Equity Partners. Century focuses on making investments in lower middle market companies that have demonstrated value propositions to the financial services industry. This investment provides The Credit Junction with growth capital to expand its ability to provide financing solutions to Supply Chain America, as well as commercialize its proprietary data and risk analytics platform.

This marks the second meaningful financing announcement for The Credit Junction in recent months, as the company secured a $150 million credit facility from MidCap Financial in March 2018.

“We are thrilled to have the support of an experienced and growth-oriented partner like Century Equity Partners,” said Michael Finkelstein, CEO & Founder of The Credit Junction. “Century shares our passion for leveraging technology to meet market needs and has a proven track record of helping companies accelerate their businesses. We are excited to utilize their deep experience and industry knowledge as we look to grow both our lending and data analytics businesses.”

“We are pleased to partner with The Credit Junction in this next stage of their growth,” said Chris Lalonde, Managing Director of Century Equity Partners. “We have been impressed with the outstanding job that Michael and his team have done, and believe that their lending and technology platforms will offer significant value over the long-term. We are dedicated to supporting The Credit Junction’s strategic initiatives as they build on this strong foundation.”

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