Credibly announced that it secured more than $260 million in new financing to strengthen its capital base and support continued growth in small and medium-sized business financing.
The financing package includes the completion of a new securitization transaction along with the refinancing of the company’s existing warehouse and mezzanine facilities with Truist Bank and Medalist Partners, a $2.5 billion asset-based private credit manager. Truist Securities served as the sole structuring agent and bookrunner for the securitization transaction, while Brean Capital acted as co-manager.
The new financing is expected to expand Credibly’s funding capacity and enhance the company’s ability to meet increasing demand from SMBs seeking fast and flexible access to capital.
Founded in 2010, Credibly uses AI-powered and data-driven underwriting technology to streamline financing approvals and provide personalized working capital solutions for SMBs. The company said the latest financing supports its ongoing investments in technology infrastructure, broker relationships, and scalable originations while maintaining disciplined risk management practices.
Credibly noted that SMBs are increasingly relying on alternative financing providers for faster access to working capital, creating continued demand for flexible lending platforms.
Ryan Rosett, Founder and co-CEO of Credibly, emphasized the importance of scalable financing infrastructure in supporting SMB customers.
Minyang Jiang, Chief Strategy Officer at Credibly, said the company’s expanded capital base and strong first quarter position it to support additional businesses with working capital solutions.
Credibly said it plans to continue investing in its capital strategy and technology infrastructure to support long-term growth and deepen partnerships throughout its broker network.
The company has provided more than $3 billion in capital to over 60,000 SMBs since its founding. Credibly also said it became the first company in the alternative working capital sector to acquire servicing rights to another provider’s $250 million portfolio. The company maintained its asset-backed securitization program throughout the COVID-19 pandemic and reported continued origination growth.
Credibly is headquartered in Southfield and also operates offices in New York City and Arizona.
KEY QUOTES:
“Access to quick, efficient, and scalable capital is critical to serving small businesses at the speed they operate. This financing strengthens our ability to deliver on that promise and positions us for continued growth in 2026 and beyond.”
Ryan Rosett, Founder and co-CEO, Credibly
“With this expanded capital base and a record first quarter, we are well-positioned to support even more businesses with the working capital that they need to grow.”
Minyang Jiang, Chief Strategy Officer, Credibly
