BAMFi, an Atlanta, GA-based provider of fintech solutions, closed a $30m second lien debt financing.
Solar Capital Partners and its affiliates provided the financing.
The company intends to use the funds, combined with an existing senior bank facility, to continue the scale adoption of its fintech solutions.
Led by Todd Ehrlich, CEO, BAMFi is a provider of cash management and working capital solutions for transportation, construction, oil and gas and temporary staffing service providers, committed to allowing clients to increase their financial performance through operational efficiency. Its proprietary payment processing and cash management engine allows businesses to access to capital quickly, reducing days to pay, improving credit scores and building vendor relationships while increasing cash flow.