Kapitus was acquired by an affiliate of InterVest capital partners to provide Kapitus access to deep commercial finance expertise, a portfolio of companies that deliver capital to SMBs across a wide range of industries, and additional growth capital to accelerate expansion and broaden access to financing for small businesses.
“With capital and strategic support from InterVest capital partners, Kapitus is better positioned to meet the growing demand for small business financing,” says Andrew Reiser, CEO of Kapitus. “InterVest has a successful track record of growing commercial lending companies and expanding access to capital for SMBs. We are thrilled to partner with InterVest in this next phase of growth for Kapitus, as we continue to expand our product set and financial support to small businesses.”
“We see Kapitus as a premier small business lending platform in the U.S. and are excited to partner with the Kapitus team to expand access to capital for SMBs nationwide,” says Steven Tenenbayev, chief investment officer of InterVest capital partners. “Small businesses are one of the primary drivers of job creation and economic growth in the United States today and this partnership demonstrates our optimism in the potential of the nation’s small business economy.”
Key takeaways:
· Kapitus provides growth capital to over 65,000 small businesses, including term loans, revenue-based financing, equipment financing, SBA loans, and revolving lines of credit.
· InterVest capital partners is an alternative investment manager focused on niche credit strategies, spanning across asset-based and specialty finance opportunities.
· Kapitus will continue operating independently, working directly with small businesses nationwide to provide a comprehensive suite of financing solutions to meet their individualized needs.
