Fundfi closes senior credit facility to fund US and Canada lending
What's the deal? Fundfi Merchant FundingDealroom has a profile for this one. Try Dealroom →, a New York fintech that offers revenue-based financing to small businesses, has closed a senior secured credit facility with an unnamed institutional asset manager. The company said it will use the capital to expand its lending platform in the US and Canada. The amount was not disclosed.
What's the endgame? Founded in 2020, Fundfi targets small and medium-sized businesses looking for alternatives to traditional bank loans. It operates through a family of companies — Fundfi Merchant Funding, Fundfi Financial SolutionsDealroom has a profile for this one. Try Dealroom →, and Fundfi CanadaDealroom has a profile for this one. Try Dealroom → — serving business owners and broker partners across North America.
Why now? Chief financial officer and co-founder Natasha Dillon framed the deal as a hedge against a tougher economy. "In a time of economic uncertainty, we are preparing and positioning ourselves to be ready with more capital, deployed faster, to the businesses that need it most," she said.
Chief executive officer and co-founder Efraim Kandinov said demand for "fast, reliable funding has never been higher." Brean CapitalDealroom has a profile for this one. Try Dealroom → served as exclusive financial advisor and sole placement agent on the transaction.
The signal: Debt facilities are the fuel that keeps non-bank lenders lending, and Fundfi's deal signals that institutional capital is still flowing to revenue-based financing — even as the firm positions itself for a shakier macro backdrop.
Read more: economyport.com
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