Data-driven private credit marketplace Finitive has secured an investment from Sterling Bancorp.
The capital injection will help Finitive accelerate the growth of its automated platform..
The platform provides investors with access to a multi-trillion-dollar market of private credit opportunities across multiple asset classes and structures, including specialty finance, online lending, marketplace lending, and private credit funds.
Furthermore, borrowers can use the platform to access capital through a global network of investors.
Finitive CEO Jon Barlow said, “Finitive is thrilled to welcome Sterling Bancorp as an investor and strategic partner in our mission to streamline and simplify the process of connecting lenders and borrowers in private credit transactions.
“We are excited about the synergies between our two companies. Finitive will deploy the new capital from Sterling to advance our business providing digitized deal sourcing, screening and due diligence for investors and easier access to debt financing for borrowers.”
Sterling Bancorp CFO Bea Ordonez said, “We are delighted to make this investment in Finitive. We believe, as they do, that technology and data can remove friction in the private credit market and in the lending market more generally, providing borrowers with the capital they need to grow their businesses.
“This marks the latest in a series of strategic partnerships and technology investments that will contribute to our ongoing digital transformation.”
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