Alleviate Financial Solutions has secured a $150 million growth investment from Sound Point Capital Management. This milestone positions the company at the center of what it calls the emerging “Debt-to-Wealth” category. The new funding will be used to scale operations, accelerate product innovation, and expand Alleviate’s reach to millions of consumers seeking not only debt relief but a pathway to lasting financial empowerment.
Founded on the belief that financial recovery should be transformative, Alleviate’s platform blends debt settlement, lending, financial education, and long-term wealth-building tools. This integrated model allows consumers to move beyond short-term debt relief and into sustainable economic growth.
The company stated that the funding from Sound Point Capital will enable it to enhance AI-driven systems, introduce new products, and expand its consumer engagement programs. Alleviate aims to become one of the largest consumer financial platforms in the U.S., with a focus on helping clients achieve financial independence and resilience.
Sound Point Capital, a leading credit-oriented investment management firm, noted that the partnership aligns with its strategy of supporting innovative financial platforms addressing underserved segments of the consumer finance market. The investment also reflects growing institutional confidence in the evolving debt resolution and financial wellness industry.
KEY QUOTES:
“With this investment, Alleviate is not only scaling — we’re defining a new industry. We are building one of the largest consumer financial companies in the country, but more importantly, we are pioneering the debt-to-wealth journey. This capital accelerates our ability to innovate, expand our platform, and serve millions of people who are earning more than debt relief — they are earning the tools to build lasting financial strength.”
Michael Barsoum, CEO, Alleviate
“We are excited to partner with Alleviate as they deliver meaningful impact for consumers and advance innovative solutions that promote long-term financial health. This investment in debt settlement represents a disciplined extension of our strategy, supporting best-in-class originators who are addressing critical and underserved needs within consumer finance.”
Philip Bartow, Managing Director and Head of Specialty Finance, Sound Point Capital Management
