Finitive, a NYC-based financial technology platform providing institutional investors with direct access to alternative lending investments, closed a $2m venture debt.
Silicon Valley Bank, the technology and innovation-focused bank, provided the financing.
The company intends to use the funds to further invest in its technology platform.
Led by Jon Barlow, CEO and Founder, Finitive is a financial technology platform providing institutional investors with direct access to alternative lending investments. Through it, institutional investors access a multi-trillion-dollar market that encompasses a broad spectrum of non-bank lending sectors, including specialty finance, online lending, marketplace lending, and private credit funds. Finitive’s originator partners gain efficient access to a global network of investors who actively allocate to alternative lending. Since its founding in August 2017, it has facilitated over $1.5 billion in capital commitments from top-tier institutional investors.
All regulated activities are conducted through North Capital Private Securities, a registered broker-dealer and member FINRA/SIPC.
The company also appointed Brian Madocks, a business technology and application software solutions veteran, to its board of advisors.
Madocks is Chief Executive Officer and a member of the Board of Directors of eOriginal, a platform for creating, managing, and monetizing trusted digital loans. He is responsible for all aspects of eOriginal, including development and execution of the company’s strategy and operating plans.
Madocks has served as CEO of Revitas, Inc., Vitalyst, Inc. and SunGard Higher Education, as well as Senior Vice President and General Manager of SAP America.