Concord, a provider of credit administration servicing and software for specialty finance markets, announced that it has acquired Finley Technologies, a company that develops credit facility management software for banks, asset managers, and corporate borrowers.
The acquisition adds Finley’s Credit Management System to Concord’s capital markets administration platform. The software automates borrowing base calculations, covenant compliance monitoring, credit agreement administration, portfolio analytics, and investor reporting for credit facilities and warehouse lines. Finley’s customers include fintech companies, investment banks, and institutional credit funds.
Founded in 2020 and headquartered in San Francisco, Finley built software designed to digitize credit agreements and automate the operational processes that follow loan origination. Its platform connects to origination systems, bank accounts, and sub-ledgers to provide real-time visibility into borrowing capacity, covenant compliance, and portfolio performance. The system manages billions of dollars in debt capital across credit facilities, warehouse lines, and syndicated loans.
By integrating Finley’s technology, Concord is expanding its proprietary technology stack and reinforcing its strategy of owning both the operational infrastructure and the software that supports capital markets administration. The combined offering spans backup servicing, collateral management, custodial services, credit facility administration, borrowing base automation, covenant monitoring, portfolio analytics, calculation agent and verification agent services, as well as investor reporting.
As part of the transaction, Finley founder and CEO Jeremy Tsui will join Concord as Managing Director of Capital Markets. Tsui co-founded Finley in 2020 and previously served as an investor in Goldman Sachs’ Merchant Banking Division, where he focused on software and structured investments. Earlier in his career, he worked at Oliver Wyman, specializing in financial risk modeling for major banks. Tsui holds a Bachelor of Business Administration from The University of Texas at Austin.
Headquartered in Scottsdale, Arizona, Concord provides credit administration servicing and software for originators, lenders, and institutional investors across consumer and commercial specialty finance. The company administers more than $60 billion in assets and supports over 5 million accounts. Concord is backed by private equity firm GTCR.
KEY QUOTES
“Our clients need a partner that owns both the technology and the operations,” said Dhruv Vakharia, Chief Executive Officer of Concord. “With Finley, we’re adding purpose-built software for credit facility management, borrowing base automation, portfolio analytics, and investor reporting to our existing servicing capabilities. One partner, proprietary technology, full lifecycle. That’s what it means to be the hub.” “Jeremy and his team understand capital markets operations from both the technology and the transaction side,” said Vakharia. “That perspective is exactly what we need as we expand our software and servicing capabilities.”
Dhruv Vakharia, Chief Executive Officer, Concord
“We built Finley to be the system of record for credit agreements and the automation layer for everything that happens after origination,” said Jeremy Tsui, Founder and CEO of Finley Technologies. “Concord has the servicing scale, investor relationships, and operational depth that our software needs to reach its full potential. Joining Concord gives our clients and our technology a broader foundation.”
Jeremy Tsui, Founder And CEO, Finley Technologies
