BAMFi, Atlanta, closed on $30 million of second lien debt financing from Solar Capital Partners, LLC, New York, to ensure the continued growth of the company’s fintech solutions.
“BAMFi uses technology to help small and mid-size businesses in the U.S. and Canada get access to capital and takes time-consuming back-office tasks off their plate. This financing provides non-dilutive capital at a critical juncture, as we make continued investments in our technology and team,” says Todd Ehrlich, chief executive officer. “We are also pleased to be initiating a relationship with Solar Capital Partners.”
BAMFi’s cloud-based fintech and cash flow platform provides access to technology and capital designed to streamline back-office operations for brokers and carriers.