Viva Capital Funding Notches $85M in Bank Credit Facilities


Invoice financing company Viva Capital Funding has closed on $85 million in bank credit facilities.

The two bank credit facilities are split between a $45 million factoring platform and a $40 million land banking platform, according to a Thursday (Dec. 1) press release.

“The closing of these new credit facilities provides the Company significant flexibility to capitalize on opportunities we are seeing in the market and to further accelerate our core strategy — offering small business clients throughout the U.S. simple, fast and reliable funding solutions,” Viva Capital President Greg DiDonna said in the announcement.

The closing of the new credit facilities follows an $18.5 million investment-grade rated corporate note financing the company completed in June 2022, per the release.

Optimizing invoice financing and business credit management is essential to giving companies a better, more streamlined idea of their cash flow.

An April PYMNTS report, “The Future of Business Payables Innovation: How New B2B Payment Options Can Transform the SMB Back Office,” found this to be true, as over half of SMBs surveyed believe an all-in-one payment platform can save them time and improve visibility into cash flows.

Viva Capital Director of Finance Michael Marshall recognizes the benefit these platforms will have on the company, driving progress in its business invoice management tools.

“As we drive to execute our strategic growth initiatives, these credit facilities provide additional liquidity and further help to reduce our cost of capital,” said Marshall.

Related: UK FinTech Stenn Offers SMBs Digital Invoice Financing

Business invoice financing innovation is also on the rise in the U.K., with FinTech company Stenn focusing its invoice management tech on growing small and medium-sized businesses (SMBs) and emerging markets. Stenn is also looking to beat existing invoice financing solutions in terms of approval speed.

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