The Credit Junction, an online marketplace lending platform focused on industrial and manufacturing small and mid-size enterprises (SMEs), has secured USD2 million in seed funding.
The round was led by GLI Finance, a specialist lender to small and medium sized businesses, with participation from several individual investors.
Geoff Miller, chief executive of GLI Finance, says: “This investment is a perfect fit within our strategy of focusing on niche lending to SMEs and enables us to add another US platform to our portfolio. We are delighted that Michael and his team have chosen to partner with us, and we look forward to building on this investment.”
Michael Finkelstein, chief executive of The Credit Junction, says: “We are thrilled to have GLIF lead this investment round and extremely excited to work with Geoff and his team. The Credit Junction’s vision is to transform the way small and mid-size enterprises finance their supply chain and working capital needs. We look forward to working with the GLIF family of investments and finding synergies to bring added value to the network.”
