NEW YORK–The Credit Junction, a pioneering data-driven asset-based lender focused on serving small and mid-sized businesses, has announced a significant $23 million growth equity investment from Century Equity Partners. This strategic investment from Century Equity Partners, a private equity firm renowned for its expertise in the financial services sector, is set to propel The Credit Junction’s expansion and enhance its innovative lending platform.
This marks a pivotal moment for The Credit Junction, building upon their previous success in securing a $150 million credit facility from MidCap Financial in March 2018. The infusion of capital from Century Equity Partners will enable The Credit Junction to broaden its financing solutions for Supply Chain America and further commercialize its advanced data and risk analytics platform, solidifying its position as a leader in the fintech lending space.
“We are delighted to welcome Century Equity Partners, a partner with deep industry knowledge and a growth-oriented approach,” stated Michael Finkelstein, CEO & Founder of The Credit Junction. “Century Equity Partners shares our vision for leveraging technology to address market demands and has a demonstrated history of assisting companies in accelerating their growth trajectories. We are eager to leverage their extensive experience and industry insights as we aim to expand both our lending and data analytics divisions.”
Chris Lalonde, Managing Director at Century Equity Partners, also commented on the partnership: “We are excited to collaborate with The Credit Junction in this exciting phase of their development. We have been consistently impressed by Michael and his team’s accomplishments and believe their combined lending and technology platforms offer substantial long-term value. Century Equity Partners is committed to supporting The Credit Junction’s strategic initiatives as they continue to build upon their already robust foundation.”
About The Credit Junction
The Credit Junction (TCJ) is revolutionizing the landscape of small and mid-sized business financing as the first data-centric, asset-based lending platform. TCJ empowers businesses with access to crucial working capital, growth financing, and supply chain solutions. By integrating cutting-edge technology and data intelligence with established asset-based credit evaluation methods, The Credit Junction offers capital availability up to $7.5 million. Their platform excels at capturing, integrating, and analyzing complex financial data to optimize risk management and provide deeper insights into business performance. Since its inception in May 2015, TCJ has been instrumental in enabling American suppliers, manufacturers, and distributors to secure the necessary capital for achieving their growth ambitions.
For more detailed information, please visit: www.thecreditjunction.com
About Century Equity Partners
Century Equity Partners, LLC (“Century”) is a distinguished private equity firm based in Boston. Century Equity Partners focuses on providing strategic capital to lower middle market companies seeking investments to facilitate growth, acquisitions, partial buyouts, or recapitalization opportunities. Century Equity Partners has a specialized focus on key sectors within the financial services industry, including insurance, asset & wealth management, specialty finance, and banking and lender services.
Contacts
The Credit Junction
Allyson Schmeiser, 877-263-2022
Director of Communications
[email protected]
Century Equity Partners
Elizabeth Mingle, 617-701-5174
Director of Investor Relations
[email protected]
