The Credit Junction Secures $23 Million Equity Investment from Century Equity Partners
Published : 6 years ago, on
The Credit Junction, the first data-driven, asset-based lender for small and mid-sized businesses, has secured a $23 million growth equity investment from Century Equity Partners (Century). 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 Junctions strategic initiatives as they build on this strong foundation.
About The Credit Junction
The Credit Junction (TCJ) is the first data-driven, asset-based lending platform that is reinventing the way small and mid-sized businesses access working capital, growth and supply chain financing solutions. TCJ combines technology and data intelligence with traditional asset-based credit metrics and offers up to $7.5 million in capital availability. The TCJ platform captures, integrates and analyzes financial data to better manage risk and extract deeper insights into the health of a business. Since its launch in May 2015, TCJ has helped Americas suppliers, manufacturers and distributors access the capital they need to achieve their growth objectives.
For more information, please visit: www.thecreditjunction.com. Twitter: @CreditJunction
About Century Equity Partners
Century Equity Partners, LLC (“Century”) is a Boston based private equity firm that provides capital to lower middle market companies seeking investments to support growth or fund acquisitions, partial buyout or recapitalization opportunities. Century focuses on companies operating across the insurance, asset & wealth management, specialty finance, and banking and lender services sectors.
The Credit Junction
Allyson Schmeiser, 877-263-2022
Director
of Communications
[email protected]
or
Century
Equity Partners
Elizabeth Mingle, 617-701-5174
Director of
Investor Relations
[email protected]
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