T-REX Group, Inc., a New York and Tel Aviv, Israel-based provider of a SaaS plarform for the asset-backed financing industry, raised $40m in Series C funding.
The round was led by Riverstone Holdings LLC and Riverstone affiliates with participation from existing shareholders Citi (NYSE: C), ClearSky, Westly Group, Viola FinTech, and the Partnership Fund for New York City. In conjunction with the funding, Cynthia Kueppers will be joining the Board of Directors as a Riverstone representative.
Led by Benjamin Cohen, Founder and CEO, T-REX combines cloud-based SaaS technology with big data, asset class expertise, critical data management capabilities, and a platform for deal structuring, cash flow modeling, scenario analysis, real-time performance tracking, and reporting. By giving institutions the modernized tools and validation they require to deploy capital, the company facilitates increased investment allocations into sustainable, decarbonization-related assets.
T-REX solutions for project finance, warehouse lending, ABS, and private credit address friction at each stage of the asset lifecycle, from origination through investment.
The company will become part of Riverstone’s Decarbonization Growth Equity platform.
FinSMEs
27/01/2022