Fintech companies have two things that make venture debt interesting. First, they generally have boards and management teams that understand the benefits and risks of a levered balance sheet. Second, they often have assets in the form of loans that need to be financed.
That’s why NYC-based Finitive has demand from borrowers and lenders on its private credit marketplace. Finitive has 30 employees and has raised over $3.5 million in debt and equity capital for its own operations.
Jon Barlow, the company’s founder and CEO, said that venture debt traditionally accompanied . . .
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