Horizon Technology Finance Provides $10 Million Venture Loan Facility to Finexio
17 Dezembro 2024 - 11:45AM
Business Wire
Horizon Technology Finance Corporation (NASDAQ: HRZN) (“Horizon”
or the “Company”), an affiliate of Monroe Capital, and a leading
specialty finance company that provides capital in the form of
secured loans to venture capital-backed companies in the
technology, life science, healthcare information and services, and
sustainability industries, today announced it has provided a $10
million venture loan facility to OneNetwork, Inc. dba Finexio, of
which $5 million has been initially funded.
Finexio, a leader in the B2B payments industry, delivers
“Accounts Payable (AP) Payments as a Service”, a fully-managed AP
payments solution that leverages AI to optimize, monetize, and
secure the entire payment lifecycle. Finexio’s platform automates
and digitizes payments, seamlessly integrating with existing AP and
Procurement systems through methods including ACH, virtual credit
cards, and checks. Finexio is backed by top-tier investors
including JP Morgan and Mendon Venture Partners. The company will
use the loan proceeds for general growth and working capital
purposes.
“Finexio’s platform exemplifies the future of payments through
its ease of adoption and comprehensive digital capabilities,
leveraging predictive analytics to help clients optimize payment
timing, and cash flow, while providing a high level of fraud
prevention,” said Gerald A. Michaud, President of Horizon. “We are
pleased to support Finexio’s growth as it pioneers the payment
industry's evolution.”
“We are excited to have Horizon’s support as we continue to
empower our customers and partners with our best-in-class
technology,” said Ernest Rolfson, CEO of Finexio. “Their support
strengthens our ability to provide solutions that reduce costs and
make electronic payments faster, seamless and
value-generating.”
About Horizon Technology Finance
Horizon Technology Finance Corporation (NASDAQ: HRZN),
externally managed by Horizon Technology Finance Management LLC, an
affiliate of Monroe Capital, is a leading specialty finance company
that provides capital in the form of secured loans to venture
capital backed companies in the technology, life science,
healthcare information and services, and sustainability industries.
The investment objective of Horizon is to maximize its investment
portfolio’s return by generating current income from the debt
investments it makes and capital appreciation from the warrants it
receives when making such debt investments. Horizon is
headquartered in Farmington, Connecticut, with a regional office in
Pleasanton, California, and investment professionals located
throughout the U.S. Monroe Capital is a $19.5 billion asset
management firm specializing in private credit markets across
various strategies, including direct lending, technology finance,
venture debt, opportunistic, structured credit, real estate and
equity. To learn more, please visit horizontechfinance.com.
About Finexio
Finexio is a trailblazer in the B2B payments industry,
pioneering an innovative Accounts Payable Payments Infrastructure
as a Service model. Embedded within the world's leading
Procure-to-Pay software suites, Finexio's platform delivers a fully
managed, AI-powered solution that optimizes, monetizes, and secures
the entire payment lifecycle. Our comprehensive infrastructure
seamlessly orchestrates payment delivery, streamlines supplier
management, prevents fraud, enables payment monetization, and
provides robust analytics and reporting. This unique approach
transforms AP from a traditional cost center into a strategic
revenue generator. Learn more at Finexio.com and follow us on
LinkedIn.
Forward-Looking Statements
Statements included herein may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Statements other than statements of historical
facts included in this press release may constitute forward-looking
statements and are not guarantees of future performance, condition
or results and involve a number of risks and uncertainties. Actual
results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those
described from time to time in the Company’s filings with the
Securities and Exchange Commission. Horizon undertakes no duty to
update any forward-looking statement made herein. All
forward-looking statements speak only as of the date of this press
release.
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version on businesswire.com: https://www.businesswire.com/news/home/20241216064819/en/
Investor Relations: ICR Garrett Edson ir@horizontechfinance.com
(860) 284-6450
Media Relations: ICR Chris Gillick HorizonPR@icrinc.com (646)
677-1819
For Finexio: Steve Greene Steve.green@finexio.com (207)
266-4200
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