Finova Capital raised $135 million in its Series E funding round led by Avataar Venture Partners and Sofina to grow its loan book and invest in technology.
Finova Capital raised $135 million in its Series E funding round led by Avataar Venture Partners and Sofina to grow its loan book and invest in technology.
10/29/24, 6:49 AM
Location
Money raised
$135 million
Industry
financial services
Round Type
series e
Investors
Norwest Venture Partners, Madison India Capital, Sofina, Avataar Venture Partners
Finova Capital has successfully secured $135 million in Series E funding from investors including Avataar Venture Partners, Sofina, and Madison India Capital, with participation from existing investor Norwest Venture Partners. The funding will be utilized to expand geographically and enhance financial inclusion initiatives.
Company Info
Location
san diego, california, united states
Additional Info
Finova Capital is a new kind of merchant finance partner. The company is backed by decades of experience and is dedicated to transparency and acquirer growth. Founded in New Jersey by best-in-industry merchant finance experts and powered by retention-focused products and acquirer-enabling technology, Finova is quickly building relationships where acquirers and merchants all win. To learn more, visit https://www.FinovaCapital.com.
About National Funding, Inc.
Founded in 1999, National Funding is a leading U.S. specialty finance company serving small- and medium-sized businesses. The Company’s foundation serves American small business owners by providing funding solutions to meet their needs to reinvest in their day-to-day operations and help them grow. National Funding has provided more than $4.5 billion in working capital and equipment leasing for more than 80,000 small- to medium-sized businesses nationwide. In addition, National Funding’s digital funding process has elevated its digital capabilities by delivering a fast and simple online application. For more information about National Funding, visit https://www.nationalfunding.com.