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
[email protected]
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SOURCE InterNex Capital, LLC
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