The Credit Junction

About The Credit Junction

The Credit Junction (TCJ) was a New York-based financial technology firm that operated as a data-driven, online lending platform. Founded in 2013 by Michael Finkelstein, the company aimed to address the financing gap for small and mid-sized enterprises (SMEs) underserved by traditional banks. Finkelstein, who served as CEO, brought extensive experience as a financial and operational executive at high-growth companies, with an educational background from Cornell University and an MBA from Stanford Graduate School of Business.

The company's core business was providing asset-based working capital and supply chain financing solutions. TCJ developed a proprietary platform that combined traditional credit metrics with data intelligence to assess the financial health of a business in near real-time. This technology-enabled approach allowed for a more dynamic and transparent underwriting process, enabling the firm to offer loans and lines of credit ranging from $500,000 to $5 million. Revenue was generated through interest and fees on these lending products. Beyond lending, the company also planned to commercialize its data and risk analytics platform.

Significant milestones for The Credit Junction included securing a $50 million credit facility from Victory Park Capital in 2015 and a larger $150 million facility from MidCap Financial in 2018. The firm also raised $23 million in a Series B equity round led by Century Equity Partners in October 2018. Despite these achievements and having raised a total of $29.6 million in equity funding, the company ultimately ceased operations and is now considered deadpooled.