Top 10 Specialty and Consumer Finance Capital Raises in the U.S. – December 1st-15th, 2024
Several interesting transactions closed in the Specialty and Consumer Finance sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PIPE
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- Favo Capital, a direct funding company, which provides customized, short-term funding to small and mid-sized businesses nationwide, received $2 million of development capital from D. Boral Capital through a private placement.
- Matador, operator of a gold trading platform intended to enhance the buying and selling process, sold a 14% stake through a private placement.
Merger/Acquisition and Corporate
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- Axis Auto Finance, a fintech company that is changing the way used vehicles are purchased and financed in Canada, was acquired by Fionic for CAD 78 million.
- Integrated Oncology Network, provider of oncology center development, management, advisory services and capital for physician practices and hospitals, was acquired by Cardinal Health for $1.12 billion.
- Raise Green, developer of an equity crowdfunding platform designed to facilitate businesses in raising capital for green infrastructure and clean energy projects, was acquired by Honeycomb Credit.
Later Stage VC
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- AtlasCard, developer of an online financial platform designed to offer a digital bank account and personalized card facilities for secure transactions, raised $27 million of Series B venture funding.
- BITKRAFT Ventures, operator of an investment platform intended to offer investments to game studios, gaming platforms, and gaming-related technology, raised venture funding from Blue Owl Capital.
- Credit Genie, operator of a credit management platform intended to help users to take control of their finances, raised venture funding from Protagonist.
Early Stage VC
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- 275 Funding, provider of investment services intended for generating fixed returns, raised $29.33 million of venture funding in the form of convertible debt.
Angel, Seed, and Grant
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- RAI Partners, provider of credit card services intended to strengthen community financial institutions, raised $5.55 million of seed funding.
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Ken Margolis
Managing Partner
As one of the founders of Castle Placement, Ken is passionate about helping great companies grow. Over 25 years of experience in investment banking and raising capital from institutional private equity/venture investors, family offices, foundations, endowments, hedge funds, banks and specialty finance lenders. Co-founded Castle Placement in 2009, providing investment banking services and raising private equity/debt capital for early-stage and middle market companies across a wide range of industries including financial services/fintech, real estate, technology, business services, energy/real assets and consumer/retail. In 2007, created a platform providing advisory and capital formation services to financial institutions and private equity funds investing in distressed bank portfolios and community banks which was merged into Castle Placement*. From 1999 to 2007, at Merrill Lynch was co-head of the 50+ person global structured credit products investment banking, sales and syndicate and head of the U.S. alternative investment group raising capital for alternative investment funds in financial services and asset management. From 1991 to 1999, was at Credit Suisse First Boston as a senior trader on a principal transaction desk responsible for managing a proprietary position of credit sensitive commercial/residential real estate and asset-backed securities and head of CSFB’s new issue whole loan and agency CMO desk. Began his career in 1985 at Arthur Andersen where he managed their structured finance group consulting on ground breaking securitizations of residential mortgages, credit cards, auto loans, corporate loans and other financial assets. FINRA Series 7, 24, 63, and 79 licenses.
- Email: kmargolis@castleplacement.com
- (O) (212) 418-1188
- (C) (516) 712-7784
 Ken MargolisManaging Partner |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: kmargolis@castleplacement.com
(O) (212) 418-1188 | (C) (516) 712-7784
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
