Bespoke Financial

About Bespoke Financial

Bespoke Financial operates as a financial technology lender addressing the specific financing needs of the cannabis industry. Established in 2018 by George Mancheril, the company was founded to provide debt financing to an industry largely excluded from traditional banking services due to federal regulations. Mancheril, the current CEO, leverages over 14 years of experience in the financial industry, particularly in asset-based lending and structured credit from his time at institutions like Guggenheim Partners and Goldman Sachs. His background in navigating complex, higher-risk lending scenarios informed the creation of Bespoke Financial to service cannabis businesses.

The company's business model centers on offering short-term, non-dilutive lending services to cannabis operators across the supply chain, including cultivators, manufacturers, distributors, and dispensaries. Revenue is generated through interest on its various lines of credit, which include working capital, inventory financing, purchase money financing, invoice financing, and dispensary financing. These products are designed to help clients manage cash flow cycles, purchase inventory, and invest in growth without giving up equity.

Bespoke Financial utilizes a proprietary technology platform that provides clients with a simple interface to access financing, manage loan balances, and monitor payments. A key service offering is a "Buy Now, Pay Later" (BNPL) feature for B2B transactions, launched through a partnership with cannabis POS software company BLAZE. This allows dispensaries to finance inventory purchases directly through their POS system, streamlining the procurement process. The company operates in numerous U.S. states, including major markets like California and Massachusetts, and is backed by several venture capital firms, including Casa Verde Capital and The General Partnership.