NEW YORK, September 13, 2016 – Reed Smith LLP represented InterNex Capital, a digital asset-based lender, in securing a funding facility up to $100 million from 400 Capital Management, a structured credit asset management firm. The facility will allow InterNex to provide short term working capital to small and medium-sized businesses seeking loans between $250,000 and $5 million. Founded by commercial lending and fintech veterans, InterNex optimizes underwriting, monitoring, and funding through its integrated technology, data analytics, and credit scoring algorithms.
The Reed Smith team, led by Chicago partner of J. Michael Brown, Jr., included Chicago partner Matthew Petrillo, and Chicago associate. Dan Buoniconti.
Read InterNex’s press release here.
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