Announcements

Fundfi Merchant Funding Expands Credit Facility for Second Time This Year, Supporting Record Numbers of Small Businesses

Revenue-based financing leader continues aggressive growth trajectory as demand for alternative lending solutions surges

New York, NY – Fundfi Merchant Funding, a leading provider of revenue-based financing solutions, announced today the expansion of its credit facility for the second time in 2025, positioning the company to serve an unprecedented number of small and medium-sized businesses across North America. This latest facility increase reflects the company’s continued growth and commitment to supporting small business owners who are increasingly seeking alternatives to traditional lending channels.

The expansion comes at a time when Fundfi Merchant Funding is helping more businesses than ever before, with loan originations reaching new heights as small business owners turn to flexible financing solutions that align with their cash flow patterns rather than requiring fixed monthly payments.

“This second facility expansion in one year demonstrates our unwavering commitment to being there for entrepreneurs when they need capital most,” said Efraim Kandinov, CEO and co-founder. “We’re seeing incredible momentum in our market, and this expansion allows us to maintain our rapid response times while supporting the diverse financing needs of North American small businesses.”

The revenue-based financing model has gained significant traction among business owners who value the flexibility of repayments tied to their revenue performance. Unlike traditional loans, this approach allows businesses to pay more during strong months and less during slower periods, providing crucial breathing room for companies navigating seasonal fluctuations or market uncertainties.

Natasha Dillon, CFO and co-founder, emphasized the strategic timing of the expansion: “We are bullish on the growth of the small business footprint in North America and anticipating tighter lending from more traditional financing avenues. Fundfi is committed to being the reliable capital partner these businesses need to thrive. This facility expansion allows us to maintain our commitment to fast approvals and quick funding, ensuring small businesses can access capital when opportunities are presented.”

The credit facility expansion enables Fundfi Merchant Funding to:

• Accelerate funding timelines for approved businesses
• Support larger financing amounts for established companies
• Expand into new industry verticals and geographic markets
• Maintain competitive rates despite rising market interest rates

As traditional lenders face increasing regulatory pressures and risk management concerns, alternative lending providers like Fundfi Merchant Funding are filling a critical gap in the market. Small businesses, which represent the backbone of the North American economy, often struggle with the lengthy approval processes, extensive documentation requirements, and rigid repayment structures of conventional business loans.

With this second facility expansion in 2025, Fundfi Merchant Funding reinforces its position as a leading alternative to traditional small business lending, continuing to provide entrepreneurs with the flexible capital solutions they need to grow and thrive.

About Fundfi Merchant Funding:
Founded by Efraim Kandinov and Natasha Dillon, Fundfi Merchant Funding is a revenue-based financing company dedicated to providing flexible capital solutions to small and medium-sized businesses across United States and Canada. The company’s innovative approach aligns repayment schedules with business cash flow, offering small businesses an alternative to traditional bank loans. For more information, visit fundfimerchantfunding.com.

Media Contact:
Sasha Kandinov
Fundfi Merchant Funding
sasha@fundfimerchantfunding.com

Steve Siler Joins NMEF as Chief Technology Officer

September 8, 2025 | NORWALK, CT – North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender and lessor headquartered in Norwalk, Connecticut, is pleased to announce the appointment of Steve Siler as Chief Technology Officer.

Steve brings nearly 20 years of experience driving technology transformation across asset-backed finance, private credit, and M&A integration. In his new role, he will lead NMEF’s digital strategy and oversee all technology operations. From 2018 to 2024, Steve served as CTO at Stonebriar Commercial Finance and Head of Technology at Eldridge, where he led enterprise-wide technology strategy, streamlined operations through automation, and integrated systems across a diverse portfolio.

“We are thrilled to welcome Steve to the team,” said Tom Lyle, Chief Operating Officer of NMEF. “His entrepreneurial mindset and proven ability to scale platforms make him exceptionally well-suited to guide our next chapter of growth. Under Steve’s leadership, we will continue to enhance our offerings for broker and vendor partners and pursue strategic acquisitions of lease and loan portfolios.”

Steve’s career in financial services started with AIG Asset Management, where he developed a contract and asset management platform. At William Blair, he advanced data capture and introduced emerging technologies such as machine learning across investment banking, wealth advisory, and capital markets. Most recently, he has advised startups focused on modernizing private credit infrastructure and improving data accessibility.

About North Mill Equipment Finance
NMEF is a national, premier lender who works with third-party referral (TPR) sources to finance small to mid-ticket equipment commercial leases and loans ranging from $15,000 to $3,000,000 and up to $5,000,000 for investment grade opportunities. NMEF accepts A – C credit qualities and finances transactions for many asset categories including but not limited to medical, construction, franchise, technology, vocational, manufacturing, renovation, janitorial and material handling equipment. NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, Voorhees NJ, and Murray, UT. For more information, visit www.nmef.com. One of NMEF’s controlled affiliates, BriteCap Financial LLC, is a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans since 2003 from its main office in Las Vegas, NV. For more information, visit www.britecap.com.

Pathway Launches Automation Platform to Redefine Underwriting

NEW YORK, NY — September 2025 — Pathway, a New York–based fintech company, is transforming how funders and brokers underwrite small business financing. By parsing and reconciling bank statements, auto-screening deals, and producing mathematically verifiable outputs, Pathway helps underwriting teams cut decision time from hours to minutes while improving accuracy and consistency.

The platform was built by underwriters, for underwriters. That perspective shapes everything from its clean summaries and deep audits to its configurable decision rules—designed to eliminate dead paper and accelerate deal flow without sacrificing accuracy.

“We aren’t just a document reader—we’re a decision engine,” said co-founder Andrew Bisch. “We automate the most tedious underwriting work, and let you retain full control of the deal.”

Pathway also extends beyond core parsing. The platform includes information on UCC filings, AI-powered business research, custom Gmail forwarding, and white-labeled deployment options. Every feature is backed by enterprise-grade security—including Okta-powered authentication, full audit trails on every file, and flexible deployment to AWS, Google Cloud, or Azure.

Highlights of Pathway’s capabilities include:

• Statement Parsing & Reconciliation — Transactions, balances, and metadata reconciled to the penny, with anomalies flagged for audit-ready confidence.
• Auto-Decisioning — Configurable rules that can instantly approve or deny deals.
• Scalability — Support for teams of all sizes with no drop in output quality.
• CRM & Email Pipeline Sync — Push clean data directly into existing pipelines and
  track deals without breaking workflow.

Already, Pathway underwrites 100M+ USD of monthly recurring revenue for SMBs across North America.

To see how Pathway can automate your underwriting without giving up control, book a demo or start a free trial at https://lendpathway.com.

Bitty Introduces New Small Business Loan Program

Fort Lauderdale, FL – August 26, 2025 – Bitty is proud to unveil the launch of a new small business loan product designed to expand access to working capital for entrepreneurs, starting the rollout in Texas.

Beginning September 1, 2025, Bitty will offer a fixed-term, installment-style loan option. This program complements our existing revenue-based financing solutions while maintaining the fast, transparent, and business-friendly process that partners and merchants have come to expect from Bitty.

The new loan product is tailored to meet the needs of small business owners who prefer scheduled payments and fixed payoff timelines. By broadening our funding suite, Bitty continues to strengthen its commitment to empowering business growth through flexible and responsible capital solutions.

Further details about this program, along with operational updates, will be available on the Bitty website and official social media channels in the weeks ahead.

“This launch marks another exciting milestone for Bitty, our partners, and the thousands of small businesses we serve nationwide,” said Craig Hecker, CEO of Bitty.

For additional information, please contact our team directly.
Website: www.bittyadvance.com
PRESS CONTACT
Charlie Siegel
Director of Partner Relations
partners@bittyadvance.com