NEW YORK, Sept. 13, 2016 /PRNewswire/ -- InterNex
Capital ("InterNex"), a digital asset-based lender announced today
that it has secured a funding facility up to $100 million from 400 Capital Management ("400
Capital"), a structured credit asset management firm. The facility
will allow the company to solve short term working capital needs to
an underserved market segment of small and medium sized businesses
seeking loans between $250,000 and $5
million.
"Overwhelming majority of Fin Tech lenders are focused on
consumer, student, real estate or microbusiness (revenues
<$1 million and/or small loan
sizes <$250,000) segments only. We
believe our revolving line of credit product and technology
platform provides small businesses seeking working capital
financing a more flexible funding solution and overall enhanced
customer experience," said Paul
DeDomenico, Co-Founder and CEO at InterNex.
"We believe this partnership creates great risk-reward
attributes and potential for borrowers and investors alike," said
Chris Hentemann, Managing Partner
and Chief Investment Officer of 400 Capital. "We look forward
to combining 400 Capital's structured finance expertise with a
well-pedigreed and experienced team in an underserved market to
capitalize on these significant opportunities."
Learn more about InterNex by visiting our website at
www.internexcapital.com or giving us a call. Media Inquiries:
646-768-9388 or Sales: 646-766-8653.
About InterNex Capital, LLC:
InterNex Capital
("InterNex") is an asset-based digital lender providing revolving
lines of credit from $250,000 to
$5 million to small and medium sized
businesses. Founded by commercial lending and Fin Tech
veterans, InterNex is able to optimize underwriting, monitoring,
and funding through its integrated technology, data analytics, and
credit scoring algorithms. The InterNex platform enables
seamless integration with customers, partners and capital
providers. InterNex's strategic partner is Genpact (NYSE:
G), a global leader in digitally-powered business process
management and services.
For more information, please visit: www.internexcapital.com.
Twitter: @internexcapital
About 400 Capital Management LLC:
400 Capital
Management ("400CM" or the "Firm") was founded in 2008 by credit
market veteran Chris Hentemann. The
team has been investing and trading in structured credit markets
for over 22 years on average. The Firm offers investors access to
securitized and structured credit strategies across its fund and
separately managed account platform, including multi-sector and
single-sector investment strategies, enabling investors to take
advantage of the wide range of risk and return profiles available
within the credit markets. The Firm's funds and separate accounts
are managed for a global investor base, which includes without
limitation, U.S. and non U.S. public and private pension plans,
endowments, foundations, insurance groups, family offices,
qualified high net worth individuals and consultants. 400CM and has
offices located in New York City
and London, and currently manages
over $1.5 billion. The Firm is
registered with the U.S. Securities and Exchange Commission as an
investment adviser.
Public Relations Contact:
Simrita Singh
Telephone: 646-768-9388
Simrita@internexcapital.com
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SOURCE InterNex Capital, LLC