LiftForward

lendingsme financing

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 17/07/2020

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About

LiftForward provides corporations with payment solutions that power subscription services, membership programs and Hardware as a Service. LiftForwards payment solutions include digital lead generation, point-of sale software, white labelled e-commerce platforms, inventory management, shipping, customer account management and real-time customer analytics reporting. LiftForward also supplies the financing, providing a total end-to-end solution. LiftForwards Hardware as a Service is becoming the sought after method of selling equipment and capital items of all types. LiftForwards software and services powers Microsofts Surface Membership which allows businesses to pay monthly fees in exchange for a bundle of equipment, software, warranties, training and accessories.

MEDICI Analysis

LiftForward operates a marketplace loan platform which provides loans to small businesses and high yielding debt products to investors. Businesses are able to borrow up to $1,000,000 per transaction for asset purchases, purchase order financing, or working capital. LiftForward partners with suppliers, retailers and manufacturers in order to provide financing to their small business customers.

Focus

PRODUCTS & SERVICES

Lending marketplace for SMB's, White label services

MAIN CLIENTS

Retail customers,Small businesses

COMMENT

LiftForward’s machine learning, online data-driven technology and qualified underwriting experts assess risk, determine a credit rating and assign appropriate interest rates.

People

BOARD MEMBERS AND ADVISORS

Geoff Miller

Andrew S. Lerner

Alex C.Maffeo

Robert Levitan

Saul Rosenthal

David Chait

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Garrison Point Capital

GLI Finance

IA Capital Group

Monroe Capital

Syncora Holdings

Varadero Capital

KEY EMPLOYEES:

Jeffrey Rogers

Momentum

FUNDED

YES

TOTAL FUNDING

$6.3 M

DATE OF LAST FUNDING

Nov 2016

FUNDING SERIES

SERIES A  · $2.3 M  · Aug 2014

SERIES B  · $4 M  · Feb 2016

DEBT FUNDING

$100 M

LISTED

NO

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