Tech Company Financing Transactions
NewtekOne Funding Round
NewtekOne closed a $20 million Series A funding round on 2/7/2023. Backers included Patriot Financial Partners.
Transaction Overview
Company Name
Announced On
2/7/2023
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Patriot Financial Partners (Lead Investor) (Kirk Wycoff)
Proceeds Purpose
Patriot Financial Partners is a sophisticated institutional investor that we believe can add value to our enterprise in a multitude of ways. In addition to having access to their deep bench of experience with bank executives with regulatory and banking backgrounds, we believe that introductions to institutions in which they have invested can be valuable to our portfolio of referral promotion agreement partnerships. We believe the Patriot investment, given the extensive analysis they performed, provides further validation for our transformation into a financial holding company.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
4800 T-Rex Ave 120
Boca Raton, FL 33431
USA
Boca Raton, FL 33431
USA
Phone
Website
Email Address
Overview
NewtekOne Inc, formerly Newtek Business Services Corp is a non-diversified closed-end management investment company. The firm's investment objective is to generate current income and capital appreciation. The company provides business solutions that are designed to help organizations to grow sales, reduce costs, and minimize risk. Its solutions include web design, domains, hosting, website security, and others.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nicholas Leger
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