LeasePoint Funding Group announced today that it has secured $40 million of incremental funding from Altriarch Asset Management.
This facility will support LeasePoint’s rapid expansion in the equipment financing industry. And it will provide essential capital to sustain its growth and meet increasing demand from device manufacturers and business owners seeking equipment capital solutions.
LeasePoint continues to grow exponentially despite a challenging macroeconomic environment. Driven by a commitment to providing fast and efficient financing solutions to businesses across the U.S., LeasePoint’s exclusive software platform can automatically underwrite, originate, and service transactions up to $300k. And with the equipment financing market set to expand, LeasePoint recognized the need for additional capital to continue scaling its operations.
LeasePoint Funding Group is a leading fintech company dedicated to simplifying the equipment financing process businesses across the U.S. Based in Austin, Texas, LeasePoint combines local expertise with innovative technology, such as a proprietary loan origination and servicing platform that features automated underwriting and same-day funding. LeasePoint’s mission is to provide business owners with fast, flexible capital solutions. For more information, visit www.leasepoint.com.
Altriarch offers non-bank commercial lenders across the nation with streamlined access to tailored lender financing solutions. And the company’s extensive operational background empowers lenders by alleviating capital constraints, enhancing borrower relationships, and facilitating business expansion within the competitive landscape. With meticulously structured facilities that align with the precise cash flow requirements of borrowers, Altriarch is the trusted partner for lenders seeking capital to fuel business expansion.
Westlake Securities, an Austin-based Investment Bank, orchestrated the capital raise, utilizing deep industry expertise and strategic advisory to secure the necessary funding for LeasePoint’s continued trajectory.
KEY QUOTES:
“We’ve made significant additions to our executive team in 2024 and continue to develop our proprietary origination platform. Demand for structured vendor finance programs with LeasePoint has never been higher. This strategic partnership with Altriarch will accelerate our continued growth and improve our overall capabilities.”
-Jeff Markim, Founder & CEO of LeasePoint
“We’re thrilled to be a part of LeasePoint’s growth story. Their impressive pace and commitment to innovation in equipment financing align perfectly with our focus on empowering non-bank commercial lenders. This facility ensures that LeasePoint has the capital it needs to continue its rapid expansion.”
-Danielle Brown, Managing Partner and Co-CEO of Altriarch
