He has been an operational and financial executive at primarily high growth companies within the financial services, technology and media industries. Michael has spoken at the Paris FinTech Forum, the CFA and LendIt among others and has been featured, along with his companies, in Forbes, the WSJ and the Huffington Post. He is a former member of the US Department of Commerce Trade Finance Advisory Council as well as the Milken FinTech Advisory Committee.
The facility will allow the company to provide comprehensive capital solutions to SMEs across the United States, with the long-term vision of transforming the way SMEs finance their working capital needs. And/or held executive positions across companies within the technology, financial services and infrastructure industries. If you have more reliable or up-to-date information about junction llc corporate office, you can provide it to us, and after checking, we’ll be sure to update the information about that company. TCJ provides capital solutions to businesses across the United States and combines traditional credit metrics with data intelligence as part of its underwriting and loan monitoring processes. Currently, one of the industries facing the most exciting disruptive innovation is financial services. Here is the most relevant information connected with junction llc corporate office, including phone numbers, addresses, locations and more.
Midcap Financial Inks $150mm Credit Facility For The Credit Junction
GLI hold a seat on the Board of TCJ and continue to support the company and management with strategic developments. All VC database entries reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture. The company targets growth-oriented suppliers, distributors and manufacturers typically with revenues between $5 and $50 million michael finkelstein credit junction offering up to $7.5m in capital. Power up your marketing and get people to pay attention to your business, pursuit, or clients. Find prospects, develop your lists, and track your marketing campaigns without even having to leave the RocketReach suite. Find the most crucial people you need to bring your product to with our advanced search features and then immediately take action, leaving your competition in the dust.
And when things go sour, the lender, no matter who they are, will call in the loan and seek protection from pledged collateral. And when a borrower becomes larger, the borrower may seek a new banking relationship from a larger institution. Those are basic facts of lending the way it is done now and always has been done.
How The Credit Junction Uses Data
By incorporating new technologies and data-analysis methods, The Credit Junction seeks to provide customers with an efficient, transparent, and streamlined process for accessing loans. Michael Finkelstein is the CEO & Founder of The Credit Junction. He started his career in corporate finance at Salomon Brothers.
In addition to providing The Credit Junction with its first institutional credit facility, VPC has provided an investment to fund working capital needs in advance of the company’s equity raise expected later this year. But these benefits to the borrower provide the needed balance that makes real-time data flows mutually beneficial. The increased amount of data creates a more collaborative relationship. I suspect that The Credit Junction will be able to say yes to loans that would have otherwise been denied. Such loans may start in small amounts and grow as they are merited. The Credit Junction’s underwriting staff should be able to gain a far deeper understanding of the borrowers businesses because of the data they have access to.
This transaction marks the second significant financing for The Credit Junction in recent months, the company having secured a $150 million credit facility from MidCap Financial in March 2018. They have the lowest cost of capital given their depository borrowing base and are going to be an integral part of the financial sector. I anticipate you will see the smart Fintech companies collaborate with the banks, and the innovative banks embrace FinTech companies to help enhance their service offering. External links to other Internet sites should not be construed as an endorsement of the views or privacy policies contained therein. GLI Financeled The Credit Junction’s seed funding round, and, for the company’s launch, is also the primary capital investor in the marketplace.
Michael received a Bachelor of Science from Cornell University and an MBA from the Stanford Graduate School of Business. The Credit Junction has helped businesses across the country achieve their growth objectives while supporting job creation and development in the communities they serve.
A passionate educator and community builder, Julia is also a tech founder who has created award winning, innovative products for women’s health. As the CEO of Kalikha Inc., she focused on sourcing, sample testing, securing IP, brand building and marketing for niche products. Previously, Julia founded a high-end events company in Los Angeles. The real time flow of data doesn’t change the fact that a lender wants to make money from the borrower or the fact that the borrower wants to pay as little as possible in interest.
If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Despite the challenges introduced by the pandemic, middle market… Get invites to exclusive events, download our research, and learn first about our new initiatives.
Michael started his career in corporate finance at Salomon Brothers. He holds a Bachelor of Science from Cornell University and an MBA from the Stanford Graduate School of Business. The Credit Junction is a technology-enabled, online marketplace lending platform focused on providing working capital and supply chain financing solutions. One Fintech company helping to revolutionize how businesses access capital is The Credit Junction. Based in New York City, The Credit Junction is a data-driven lending platform that helps small to medium sized enterprises access capital to fund their operations.
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Over the next few months, the company will target borrowers in industries, and grow both sides of the marketplace slowly. The Credit Junctionis based in Rosslyn’s ÜberOffices and has raised $2 million in seed fundingto fund its online marketplace. Founded by CEO Michael Finkelstein with Chief Strategy Officer Sergio Rodrigueira, the company is “60 to 90 days” from launching its platform. A startup that’s focused on connecting “small and medium industrial supply-chain businesses with private investors” is not going to win a sexy pitch competition, but it’s already growing fast in its new Rosslyn office. This transaction underpins the valuation of GLI’s investment in TCJ for the half year, as announced in September 2018.
Dan Woods is on a mission to help people find the technology they need to succeed. Users of technology should visit CITO Research, a publication where early adopters find technology that matters. Vendors should visit Evolved Media for advice about how to find the right buyers. To access all the content for free, please sign up by entering your email. We collect data from third-party websites, official websites, and other public sources. The data collected are carefully checked by our experts before they are added to the database. However, we cannot give any guarantees for the hundred percent reliability of the data, as every day there are different kinds of changes in companies.
The Credit Junction, Llc has not filed any labor petitions for foreign workers from fiscal year 2019 to 2021. However, The Credit Junction had applied for LCA for H1B visa or LC for green card before 2012. Be sure to contact their HR department or hiring managers for their updated work visa policy. Prior to RocketReach, we would reach out to people through professional networking sites like Linkedln. But it was frustrating for us to have to wait for people to accept our connection requests and sending is too expensive..this was a major speed bump in our workflow and source of never ending frustration.. With the shear number of contacts we’ve been able to find using RocketReach, the platform has probably saved us nearly five years’ worth of waiting.
- RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
- The Credit Junction is a technology-enabled, online marketplace lending platform focused on providing working capital and supply chain financing solutions.
- All VC database entries reported here are sourced from news reports and company announcements.
- TCJ provides capital solutions to businesses across the United States and combines traditional credit metrics with data intelligence as part of its underwriting and loan monitoring processes.
Michael is a Founding Partner at Oversand where he focuses primarily on deal sourcing, capital raising and strategic partnerships. Prior to starting Oversand, Michael spent six years as the CEO & Founder of The Credit Junction, a leading FinTech lending and analytics platform. The Credit Junction, the first data-driven, asset-based lender for small and mid-sized businesses, has secured a $150 million credit facility from MidCap Financial, a leading capital provider to the middle market specialty finance industry. The facility strengthens and expands The Credit Junction’s ability to deliver comprehensive capital solutions to businesses across the United States. Prior to starting FRAQ, Michael spent six years as the CEO & Founder of The Credit Junction, a leading FinTech lending and analytics platform.
Our core focus is on disruption to lending, banking and investing, including alternative lending, challenger banks and digital wealth management. In addition, AltFi runs major industry events around the world. This investment provides The Credit Junction with growth capital to expand its ability to provide financing solutions to Supply Chain America, as well as commercialize its proprietary data and risk analytics platform.
Oversand sits at the intersection of the commerce and digital ecosystem convergence. The company employs a data driven brand development process to identify lowest barrier to entry product opportunities with the highest degree of demand. Brand concepts are validated through proprietary vetting protocols and then advanced data and analytics are utilized to modernize their rollout and growth initiatives. In essence, The Credit Junction’s model changes a loan from a one time event into a process that evolves. It will be interesting to see what kind of businesses, and which particular industries prefer this model.
Terms and conditions relating to the use and distribution of this information may apply. In the U.S. alone there are over 20,000 Fintech startups which are responsible for creating 500,000 jobs.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Although the concept isn’t complicated, the problem The Credit Junction purports to solve is. The companies Finkelstein and Rodrigueira are targeting have relied on local banks for financing “since the beginning of time,” Finkelstein said. Secretary of Commerce Wilbur Ross announced the appointment of 21 members to the Trade Finance Advisory Council . The members represent commercial banks and other trade finance organizations, exporters, and academia. Your browser will redirect to your requested content shortly.
- And when things go sour, the lender, no matter who they are, will call in the loan and seek protection from pledged collateral.
- But it was frustrating for us to have to wait for people to accept our connection requests and sending is too expensive..this was a major speed bump in our workflow and source of never ending frustration..
- A startup that’s focused on connecting “small and medium industrial supply-chain businesses with private investors” is not going to win a sexy pitch competition, but it’s already growing fast in its new Rosslyn office.
- Michael has spoken at the Paris FinTech Forum, the CFA and LendIt among others and has been featured, along with his companies, in Forbes, the WSJ and the Huffington Post.
- The facility strengthens and expands The Credit Junction’s ability to deliver comprehensive capital solutions to businesses across the United States.
- Victory Park Capital Advisors, LLC (“VPC”) is a privately held, SEC-registered, global alternative investment firm.
It is easy to see how having much more detailed information flowing to the lender will help. For example, the lender with a bunch of financial vital statistics updated in real time, can see risks such as slowing sales or delays in receivables collections, as they are developing.