Kapitus Adds $95MM in Funding, Total Debt Facilities at $360MM
AUG 29, 2022 - 7:30 am
Kapitus, a provider of small business financing, closed $95 million in additional funding capacity, bringing its total debt facilities to $360 million. In July, the company closed a $60 million upsize to its existing securitization and this month expanded its existing warehouse facility to $100 million. This comes on the heels of an additional $40 million upsize of its securitization in February, bringing Kapitus’ capacity increase in 2022 to nearly $140 million.
This comes as Kapitus ushers in a new phase of growth, having experienced the highest funding volume in its 16-year history in 2021. Growth in 2022 continues, with record application and funding volume each month and a global expansion of its operations with the opening of an administrative office in India. This additional funding capacity demonstrates continued investor and bank partner confidence in the Kapitus platform, which helps small businesses grow and prosper though individualized financing solutions.
“Kapitus helped small businesses navigate unprecedented financial difficulty through the pandemic and resulting economic challenges, including the supply chain breakdown, record inflation and labor shortages,” Andrew Reiser, CEO of Kapitus, said. “Today, we are poised and ready to help businesses through their next chapter, whatever stage of growth they might be in.”
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