Kapitus Closes $45MM Investment-Grade Corporate Note Financing

Kapitus, a provider of financing for small- and medium-sized businesses, closed a $45 million investment-grade corporate note financing. The closing of this most recent financing increases the company’s total debt facilities to $585 million.

Proceeds from the transaction will be used to further expand the company’s portfolio of financing products and making further technology investments in its funding platform, making it easier for more small businesses to acquire critical growth capital more quickly.

“With this most recent round of financing, Kapitus reaffirms its commitment to stand ready to support small businesses with fast and efficient funding alternatives. Recent research continues to show that businesses are finding it more and more difficult to access capital as both bank and non-bank lenders pull back,” Andrew Reiser, CEO of Kapitus, said. “By expanding the products we are able to provide and enhancing the speed in which small businesses can receive financing, we will be able to address the unmet needs of thousands of small businesses across the U.S.”

“This capital raise also shows a vote of confidence from our investors in our business model, diversifies our capital structure and gives us flexibility as to how and when we deploy capital to support small businesses,” Anthony Rose, chief financial officer of Kapitus, said. “Despite a tight credit environment, we continue to see opportunity to provide capital to small businesses and this raise further enables us to execute our strategic plan more effectively while maintaining our focus on delivering enhanced value to small businesses.”

Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.

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