eProdigy Closes $100M Financing

eprodigy-logoeProdigy, a New York, NY-based fintech holding company with several subsidiaries serving the alternative finance space, is to receive $100m from an unnamed private equity firm.

The financing is comprised of a term loan, a convertible note feature and participation rights. The convertible note portion is a $20m facility with the noteholder’s right to convert the full amount to equity at a $100m valuation.

Led by CEO David Rubin, eProdigy services the alternative finance industry through proprietary online platforms. It works with funders, ISOs, syndicates and brokers to provide comprehensive tools that allow partners to manage their deals. Its companies include: Capital Stack, 1Workforce, ACH Capital, eProdigyACH DBA ACHBanking, eProdigy Loans, and DailyFunder.



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