Pearl Capital Business Funding is a NYC-based provider of direct financing offering alternative financial solutions to underbanked and unbanked small and midsize businesses. Through a national origination platform, the company makes financings available throughout the country to businesses unable to access sufficient traditional financing from banks and non-bank lenders. Led by Chief Executive Officer Solomon Lax, Pearl originates and services financings for underserved businesses nationwide. The firm was acquired in 2015 by Capital Z Partners, a private equity investor focused exclusively on the financial services industry. Pearl closed a $15m financing and will use the proceeds to expand operations. Pearl Capital Business Funding is a US firm that provides direct financing to small and midsize businesses via a national origination platform. The company serves firms that cannot access sufficient traditional financing from banks and non-bank lenders. It is led by Chief Executive Officer Solomon Lax. Pearl Capital plans to use the proceeds from its recent financing to expand operations. The company was acquired in 2015 by Capital Z Partners, a private equity investor focused on financial services. Recent financing activity indicates external investor interest in supporting its growth.

Total raised

$35M

Funding rounds

2

Latest round

Equity

Latest activity

Jun 2017