Fundfi Merchant Funding LLC announced the successful closing of a senior secured credit facility with a prominent institutional asset manager. The new capital will serve to further grow the Company’s lending platform in the United States and Canada.

Since inception in 2020, the Company has provided innovative financing solutions to small and medium-sized businesses seeking alternatives to traditional lending channels, with a focus on flexible terms, responsive service and business-focused solutions.

"The demand for fast, reliable funding has never been higher, and this expanded facility positions us to meet that demand head-on," said Efraim Kandinov, CEO and co-founder of Fundfi. "It's a strong vote of confidence in the business we've built and the markets we serve."

"This facility strengthens our balance sheet with a highly scalable structure that grows alongside our lending platform,” added Natasha Dillon, CFO and co-founder of Fundfi. “In a time of economic uncertainty, we are preparing and positioning ourselves to be ready with more capital, deployed faster, to the businesses that need it most."

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