LeoGroup Provides $6 Million of Financing to Fundation, Inc.
NEW YORK, New York (March 31, 2013) – The Leo Group, LLC (“LeoGroup”) announced the closing of an equity & debt financing of over $6M with Fundation, Inc. The equity investment strengthens Fundation’s capital structure and the debt facility provides liquidity to the company for its direct lending platform.
The terms of the transaction were negotiated by LeoGroup Managing Directors Matthew Allain and John Clair. Mr. Clair is a member of the Board of Directors of Fundation. “LeoGroup is pleased to partner with Fundation during this important stage in the company’s development. We believe this transaction will enable Fundation to execute on its strategy to become a premiere online/technology platform to access direct lending in the small balance commercial loan (SBCL) market.” said John Clair of LeoGroup.
With this transaction, LeoGroup, collectively with its clients, becomes a significant strategic partner and lead investor in the company. In addition to LeoGroup’s contributions, Fundation will continue to receive assistance and guidance from other investment firms, most notably, Angel Street Capital of Providence, RI. “We could not be more pleased to have partnered with LeoGroup to achieve our growth plans. LeoGroup, Angel Street and our other investors and partners recognized that our disruptive technology platform is capable of making us a leader in the small balance commercial loan market and that Internet delivered direct lending strategies will be part of a growing theme of disintermediation of the banking system. We look forward to working with LeoGroup and our other strategic partners to build our organization in the ensuing years.” said Sam Graziano, CEO of Fundation.
About The Leo Group, LLC
LeoGroup is an exclusive financial advisory firm based in New Jersey with offices in New York City, Switzerland, and Boston. The firm provides comprehensive wealth management, tax strategies, investment planning, and institutional services to high net worth and affluent individuals and families worldwide. Visit www.leogroupllc.com for more information.
About Fundation, Inc.
Fundation owns and operates a highly advanced and proprietary technology and operational platform designed to permit the investment community to access the small balance commercial loan market. Fundation manages an investment fund and other lending programs on behalf of qualified investors. Fundation’s Internet platform offers a unique value proposition for small businesses seeking debt financing: expedient credit decisions, a simple application process, simple products, competitive pricing and all electronic processing. The company was founded in 2011. Visit www.fundation.com for more information.
Media Contacts:
Michael Bohlinger, Managing Director, LeoGroup, 973-635-6668, mbohlinger@leogroupllc.com
Doug Gordon, EVP, Fundation Inc., 888-498-4597, doug.gordon@fundation.com
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