Announcements
Revenue Based Finance Coalition Executive Director Mary Donohue Issues Statement Following 2026 Midterm Elections
November 4, 2026WASHINGTON, DC – Revenue Based Finance Coalition Executive Director Mary Donohue issued a statement following last night’s midterm election results:
“The Revenue Based Finance Coalition congratulates candidates across the country on their election victories. As a new legislative chapter begins, we look forward to working with policymakers on both sides of the aisle to protect and expand access to the flexible financing options businesses need to grow and succeed. Revenue-based financing plays an important role in helping small businesses access capital, particularly when traditional financing options may not meet their needs. We remain committed to advancing balanced, commonsense policies that promote transparency, protect business owners, and support continued innovation in small business financing.”
About RBFC:
The Revenue Based Finance Coalition brings together responsible providers of flexible, growth-oriented funding to support small and medium-sized businesses. Representing a broad network of funders, brokers, ISOs, and industry vendors, RBFC advocates for policies that enhance access to revenue-based financing, collaborating with policymakers to build a sustainable, innovative financial ecosystem.
A Triple Recognition for Channel’s Influential Leadership by Monitor
October 29, 2026Minnetonka, MN, October 15, 2026 – Channel is proud to announce three members of its leadership team have been named to Monitor’s 2026 Most Influential People in Equipment Finance. The list is built entirely from peer and colleague nominations, so these leaders were put forward by the people who work alongside them.
Kristi Schon, Chief Marketing Officer, Brand Builders Category
Robert Moskovitz, Chief Financial Officer, Market Movers Category
Hannah Anderson, Director of Human Resources, Culture Creators Category
All three share a habit of reaching past their job descriptions. Instead of chasing trends, they focus on awareness for what’s next, gathering facts to make informed calls, and leveraging wide networks they’ve built to test ideas with. That extra effort means Channel’s teams go into each new challenge with sound strategy and the resources to back it up.
“One of the things I appreciate most about Kristi, Robert, and Hannah is that they’re always focused on something bigger than themselves,” said Adam Peterson, Chief Executive Officer. “They have a way of getting out ahead of what’s coming and bringing back what our teams need to stay a step ahead. Each of them has built strong teams and invested in people throughout their careers, and it shows.”
Now in its second year, the Monitor list draws from an online survey of peer and colleague nominations across 17 categories. Monitor’s goal is to capture the people making a lasting impact on the industry, and it gives behind-the-scenes contributors the same weight as the most visible.
Schon has spent nearly 6 years shaping how the organization and its brands show up in the marketplace. She believes businesses are built on relationships. Whether sharing ideas with industry peers, supporting association initiatives, or helping team members find their voice, she has made a lasting impression by putting people first and creating meaningful connections along the way.
Moskovitz brings a deep understanding of the funding landscape and a vast network that he uses to change how Channel navigates shifts in the market while sustaining focus on long-term stability. This approach helped him bring together a more diverse mix of funding sources, further strengthening Channel’s foundation with readiness to continue serving its partners when conditions change.
For Anderson, culture starts with the people. From leadership programs to employee-driven initiatives, she has helped build an environment where team members feel supported, valued, and encouraged to contribute in meaningful ways. She believes a strong culture starts with investing in development at every career stage and creating opportunities for growth.
“We’re proud to have three of our leaders on this year’s list, and it’s incredibly powerful when you consider it’s entirely determined by their peer set,” said Rob Ceribelli, President. “The influence each of them has and the impact they’ve had on our organization has and continues to exceed expectations. They embody what truly sets Channel apart.”
At Channel, success is never the work of one person. These honors speak to the whole team, serving as a reminder of the company’s differentiated focus to “win together” – both with internal teammates and external partners alike. Channel’s presence on this year’s list reinforces the company’s commitment to thought leadership and the collective effort behind its influence on the equipment finance industry.
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About Channel Companies | Founded in 2009, the Channel family of companies is a nationwide leading provider of small business financing utilizing customized technology and business processes. The organization delivers equipment finance and working capital product solutions to small businesses through third-party partnerships, helping them provide their customers with access to capital needed to grow their business. Since its founding, Channel has funded over $4 billion to more than 43,000 businesses through over 64,000 transactions. With headquarters in Minnetonka, MN, the company has additional locations and business units operating from Kennesaw, GA, Mount Laurel, NJ, Des Moines, IA, and Marshall, MN.
Maxim Commercial Capital Achieved Strong Growth in Q3 2026
October 22, 2026LOS ANGELES, CALIF. (Oct. 21, 2026) – Maxim Commercial Capital (“Maxim”) announced substantial growth during the third quarter of 2026, having funded 44% and 33% more deals over the prior year’s period and prior quarter, respectively. The company attributes its strong quarterly performance to enhanced application automation, streamlined documentation and funding processes, and competitive pricing for non-prime and subprime borrowers resulting from its credit scorecard implemented earlier this year. Maxim fuels small businesses and entrepreneurship nationwide in underserved market segments by providing loans and leases from $20,000 to $3 million collateralized by construction and agricultural heavy equipment, over-the-road trucks and trailers, and real estate.
“Over the last year, we’ve prioritized investments in our people, processes, and products with tremendous early results,” said Michael Kianmahd, Maxim’s CEO. “We strengthened our bench considerably. After hiring Lyn Elam as our first COO and Don Cosenza as SVP-Business Development last year, we onboarded our first CTO, Michael “Bez” Beswick, in August. Bez has accelerated improvements to core business processes through AI-driven automation and enhanced data integration with an eye towards building out a best-in-class technology roadmap. We are extremely excited about Maxim’s future and positive impact for the benefit of our referral partners and customers.”
The company’s enhancements have reduced average credit decisioning cycle times by more than 50% for heavy equipment applications. Additionally, Maxim streamlined its broker application, new broker approval process, and documentation and funding process.
Finance brokers and equipment vendors nationwide are benefitting from Maxim’s flexible financing solutions for B-to-D credits. Cosenza and Fernando Rodriguez, Director-Vendor Sales, focused on deepening relationships with new and existing high potential referral partners during the quarter, educating them on Maxim’s unique programs and how to optimize closing rates.
“Vendors have commented that they like how we communicate our conditions upfront, from submission to funding, and our slimmer funding checklist,” noted Rodriguez. “These factors, combined with our focus on funding challenged and story credits, have resulted in large increases in submissions and fundings.”
Representative fundings during the period included: an $85K term loan for working capital borrowed by an attorney and secured by a first mortgage on her primary residence; a $59K 2021 Bobcat T870 track loader for a contractor with story credit due to a previous economic turndown and a $100k charge off from surrendering faulty equipment; a $68K Freightliner Cascadia for a start-up, non-CDL investor with bad credit and a co-guarantor with slightly better credit; and a $48K 2020 Freightliner M2 106 tow truck for 25% down for an experienced operator with thin credit.
Maxim continues to expand and improve its infrastructure to support its growth. The company is currently seeking to hire an Accounting Manager. Please visit maximcc.com/careers for the job description and to apply.
About Maxim Commercial Capital
Maxim Commercial Capital is redefining access to capital for underserved small and mid-sized business owners nationwide, helping them unlock growth opportunities and fueling their dreams of entrepreneurship by providing essential loans and leases (“financing”) from $20,000 to $3 million secured by heavy equipment, real estate, trucks, and trailers. The company funds equipment purchase financings and leases, working capital, and debt consolidations. Maxim’s more creative financing structures leverage equity in real estate and owned heavy equipment to facilitate growth while preserving customers’ cash. As a leading provider of transportation equipment financing, Maxim supports start up and experienced owner-operators and non-CDL small fleet owners with financing for class 8 and class 6 trucks, trailers, and reefers. Learn more at www.maximcc.com or by calling 877-776-2946.
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Contact:
Michael Kianmahd, CEO
Maxim Commercial Capital
(213) 984-2727
Idea Financial Launches Idea Signature, Offering Lines of Credit Up to $1 Million to Midsize Businesses Through Joint Venture with MidOcean Partners
October 20, 2026Idea Signature, with up to $225 million in capacity, nearly triples Idea Financial’s maximum line size and adds institutional servicing to its core small business lending
MIAMI, Fla. — Idea Financial, the Miami-based lender that has provided nearly $1.5 billion in financing to more than 10,000 businesses, today announced Idea Signature, a program offering revolving lines of credit of up to $1 million to established midsize businesses, funded through a joint venture with funds managed by MidOcean Partners. Idea Signature has a capacity of up to $225 million. Idea Financial is both an equity investor in the venture and its servicer, underwriting, funding and managing every line on the venture’s behalf.
Idea Signature adds a new tier on top of Idea Financial’s core business, which continues to offer lines of credit up to $350,000 and term loans to small businesses in 47 states. Signature lines serve the companies that core customers grow into: profitable, established businesses that have outgrown small-ticket online lenders but find bank and SBA financing slow, collateral-heavy and hard to get when they need it. Idea Financial intends to deploy the program’s capital to top-quality businesses in that gap.
The venture also opens a second line of business for Idea Financial: managing capital on behalf of an institutional partner. The venture owns the lines originated under Idea Signature, and Idea Financial runs them end to end, from underwriting and funding through servicing, collections and investor reporting, on the same proprietary underwriting technology and servicing platform it uses for its own portfolio. Idea Financial’s own lending, warehouse facilities and securitization program continue alongside it.
“Larry and I started Idea in the conference room of our law firm in 2017, and we are now approaching $1.5 billion in originations,” said Justin Leto, Chief Executive Officer of Idea Financial. “Midsize businesses are some of the most underserved borrowers in the country. They are too big for most online lenders and too time-sensitive for most banks. Idea Signature lets us finance them at the size they need, and it puts the underwriting and servicing we built for our own book to work managing institutional capital.”
“Many of our borrowers started with us at $50,000 or $100,000 and have grown into companies that need a million-dollar line,” said Larry Bassuk, President of Idea Financial. “With Idea Signature, we can keep financing them as they grow, and our broker partners can bring us their larger clients.”
“This venture gives us dedicated capital for larger lines, alongside our warehouse facilities and our securitization program,” said Santiago Rubio, Chief Financial Officer of Idea Financial. “It lets us grow into a bigger market with the same credit discipline that built our core business.”
“Idea Financial has built a disciplined credit and servicing operation, and the team has a long record of performance through different credit environments,” said Teddy Tawil, Portfolio Manager at MidOcean Partners. “We see a real and durable need for flexible capital among midsize businesses, and we are pleased to partner with Idea Financial to meet it.”
The launch follows Idea Financial’s inaugural asset-backed securitization, a $100 million, KBRA-rated transaction completed in September 2026. Idea Signature is the first of several larger-scale capital programs Idea Financial plans to launch in 2027.
About Idea Financial
Idea Financial is a Miami-based, technology-enabled lender providing revolving lines of credit and term loans to small and midsize businesses in 47 states, including lines of up to $1 million through Idea Signature, its joint venture program with MidOcean Partners. Founded in 2017 by Justin Leto and Larry Bassuk, the company employs 111 people and has provided nearly $1.5 billion in financing to more than 10,000 businesses. For more information, visit www.ideafinancial.com.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity, alternative credit, and structured equity. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts. In 2024, MidOcean expanded its platform to include structured equity, positioning the firm as a leading provider of capital solutions to the middle-market. For more information, please visit www.midoceanpartners.com.
Media Contact
Alondra Peña, Senior Marketing Manager
(843) 593-1968
apena@ideafinancial.com
Easify Acquired by Israeli Technology Company Tzomtech in Transformative Expansion into Merchant Cash Advance Technology
September 18, 2026Allan Farago Named Chief Executive Officer as Founder Adam Schwartz Steps down; Acquisition Launches Ambitious Strategy to Build a Comprehensive Technology Platform for the MCA Industry
NEW YORK, NY — SEPTEMBER 18, 2026 — Easify, a fintech technology platform serving the merchant cash advance (MCA) and financial services industries, today announced its acquisition by Tzomtech Technologies, an Israeli technology company focused on innovation, scalable technology and growth-driven solutions for the financial services sector.
The acquisition represents a significant milestone for Easify and marks the beginning of an ambitious new chapter for the company. With the combination of Easify’s existing communications, CRM, automation and SMS technology with Tzomtech’s technology resources and strategic vision, the companies intend to build a comprehensive technology ecosystem designed specifically for the merchant cash advance industry.
As part of the transaction, Allan Farago has been named Chief Executive Officer of Easify, succeeding founder Adam Schwartz, who will step down as the company moves into its next phase of growth.
A New Era for Easify
Founded to provide MCA businesses with the technology needed to communicate with merchants and manage their businesses more efficiently, Easify has developed an all-in-one platform incorporating SMS, voice, automation and CRM capabilities.
The acquisition by Tzomtech is expected to dramatically accelerate that vision.
Under Farago’s leadership, Easify will expand beyond its traditional CRM and communications capabilities into underwriting, financial data analysis, automation and additional technologies designed to support the entire MCA funding lifecycle.
The company’s vision is to connect the critical components of an MCA operation—from lead generation and merchant communication to financial analysis, underwriting, customer management and ultimately funding—within a unified technology ecosystem.
Transforming MCA Technology
A key component of the company’s expansion is easify.net, Easify’s emerging bank-statement analysis and underwriting platform.
The technology is designed to analyze merchant bank statements and produce funder-ready underwriting information, including transaction-level extraction, true monthly revenue, average daily balances, NSF activity, negative days and existing MCA positions. The platform also incorporates secure bank connectivity, merchant statement-upload capabilities and CRM integration.
The combination of Easify and Tzomtech is intended to take these capabilities considerably further.
Rather than relying on disconnected systems for marketing, communications, CRM, financial analysis and underwriting, the companies envision a technology platform that allows an MCA business to capture a lead, communicate with the merchant, collect financial information, analyze the business, identify existing positions, underwrite the opportunity and manage the transaction—all within an integrated technology environment.
Adam Schwartz: “The Opportunity Became Much Bigger”
“Building Easify has been one of the most rewarding experiences of my career,” said Adam Schwartz, Founder of Easify. “We built the company around a simple idea: give the MCA industry better technology. What became clear was that the opportunity was much bigger than CRM and communications. The industry needs an integrated technology infrastructure.”
“Tzomtech brings the technology resources, vision and scale necessary to pursue that opportunity. This acquisition allows Easify to enter an entirely new phase, and Allan is the right person to lead that expansion. I couldn’t be more excited about what comes next.”
Allan Farago: “We’re Building the Infrastructure of the Industry”
“This acquisition is about much more than changing ownership,” said Allan Farago, Chief Executive Officer of Easify. “We’re building a technology company with a much larger vision for the MCA industry.”
“Our goal is to bring together communications, CRM, automation, financial data and underwriting into a single technology ecosystem. We believe the MCA industry is ready for a fundamental technology transformation, and Easify intends to be at the center of it.”
Tzomtech’s Strategic Vision
The acquisition provides Easify with the opportunity to accelerate technology development, expand its capabilities and pursue strategic partnerships throughout the merchant cash advance and financial services sectors.
Tzomtech’s approach combines Israeli technology innovation with the rapidly evolving U.S. alternative-finance market, creating a platform designed around the specific operational requirements of MCA brokers, funders and lenders.
The companies’ long-term objective is to establish Easify as a core technology infrastructure provider for the MCA industry, with an expanding suite of products supporting businesses from the initial merchant lead through underwriting, customer management and funding.
A Significant New Chapter
The acquisition marks the beginning of a broader transformation for Easify and its customers.
With Farago assuming the role of CEO and Tzomtech providing the strategic technology platform for the next stage of growth, Easify plans to accelerate product development, expand its technology capabilities and introduce new solutions designed specifically for the MCA ecosystem.
The objective is clear: build the technology infrastructure that powers the next generation of the merchant cash advance industry.
About Easify
Easify is a fintech-focused SMS marketing, communications and CRM platform serving the merchant cash advance and financial services industries. The platform provides SMS, voice, automation and CRM capabilities designed to help businesses manage customer acquisition and engagement. Easify is expanding into bank-statement analysis and MCA underwriting technology through easify.net.
About Tzomtech Technologies
Tzomtech Technologies is an Israeli technology company focused on innovation, scalable technology and growth-driven solutions for financial services and other high-growth industries. Through strategic technology development and acquisitions, Tzomtech seeks to build next-generation platforms that transform how businesses operate and compete in rapidly evolving markets.
Channel Elevates Krogen to Head of Sales
August 27, 2026Minnetonka, MN, August 27, 2026 – Channel, a national leader in equipment finance and working capital solutions, today announced the promotion of Cory Krogen, CLFP, to Head of Sales. In this newly elevated role, Krogen will lead the company’s full sales organization with responsibility for new business development, partner and customer retention, and sales execution across both working capital and equipment finance.
Krogen’s appointment is a natural progression for someone who has been part of the Channel story from the very beginning. Joining Channel in 2010 as the company’s fourth hire, he has grown alongside the organization through every major milestone from early working capital roots to its evolution as an on-balance sheet independent lender and the launch of its equipment finance product offering. He was named Director of Sales in 2020 and most recently served as Senior Vice President of Sales before stepping into this expanded leadership role.
“Cory and I go back even further than Channel does, and I’ve watched him navigate every evolution of the business,” said Adam Peterson, Chief Executive Officer. “What has never changed throughout is how he shows up for his team, his partners, and their customers. He earns trust the old-fashioned way, one conversation and one relationship at a time. Putting him in this role is a recognition of what he has already proven, time and again. I could not be more confident in what he is going to do with it.”
In this new capacity, Krogen will lead Channel’s sales strategy and execution across both product verticals, overseeing the development and performance of its national sales team. He will be responsible for deepening partner relationships of all types and scale through product, program, and pricing negotiations. Krogen will also work closely with credit, portfolio management, and executive leadership to ensure the sales organization operates in full alignment with Channel’s broader financial and compliance objectives.
“Cory is the definition of what it means to grow with an organization and make it better at every stage,” said Ryan Schlenner, Managing Director. “He has lived every chapter of this company’s progression and brings a perspective that simply cannot be replicated. Our sales team is talented, motivated, and ready, and with Cory leading the charge, I am certain we will raise the bar on how we serve our partners and build on the momentum we have already established.”
“I am incredibly proud to step into this role and grateful for the trust placed in me,” said Krogen. “Channel has always put the relationships with its people and partners at the epicenter of what we do. That does not change and this is another opportunity to deepen them. I am excited about what this team is capable of and looking forward to the work ahead.”
Krogen holds a Bachelor of Business Administration degree from Hamline University’s School of Business and earned his CLFP designation in 2021.
About Channel Companies | Founded in 2009, the Channel family of companies is a nationwide leading provider of small business financing utilizing customized technology and business processes. The organization delivers equipment finance and working capital product solutions to small businesses through third-party partnerships, helping them provide their customers with access to capital needed to grow their business. Since its founding, Channel has funded over $4 billion to more than 41,000 businesses through over 62,000 transactions. With headquarters in Minnetonka, MN, the company has additional locations and business units operating from Kennesaw, GA, Mount Laurel, NJ, Des Moines, IA, and Marshall, MN.
Dedicated Financial GBC Welcomes Amy Pona as General Counsel
August 24, 2026
Dedicated Financial GBC is pleased to announce the appointment of Amy Pona as General Counsel. In this role, Pona will oversee the company’s legal strategy and support its continued growth and expansion. Pona brings more than a decade of legal experience in creditors’ rights, commercial litigation, and strategic business growth.
Before joining Dedicated, she spent 14 years with Gurstel Law Firm, P.C., most recently serving as Director of Strategic Growth and Marketing. Pona also spent nearly 10 years as the firm’s Director of Commercial Litigation, supervising a multi-state legal practice and representing a wide variety of creditors and debt buyers.
Her combined legal and business experience brings a valuable perspective to Dedicated’s leadership team. As General Counsel, Pona will guide legal strategy, support business initiatives, and help the organization navigate an evolving legal and regulatory landscape. Her addition further strengthens Dedicated’s leadership and infrastructure as the company continues to grow and expand its best-in-class collection services.
“I am excited to join Dedicated Financial and contribute to a company that continues to grow while staying committed to its mission and the people it serves,” said Pona. “I look forward to working alongside the Dedicated team and using my experience to support the company as it enters its next chapter.”
Fundworks Extends and Upsizes Investment-Grade Corporate Notes to $40.0 Million
July 29, 2026Salt Lake City, UT – The Fundworks, LLC (“Fundworks” or the “Company”), a leading tech-enabled provider of financing for small businesses across the U.S., announced the recent extension of their $40.0 million investment-grade corporate notes. Transaction proceeds will be used to refinance debt, extend the Company’s maturity profile and to support continued origination growth.
“We are encouraged by the continued support from investors and their confidence in our business” stated Evan Smiedt, Co-Founder and Chief Executive Officer. “This transaction strengthens our ability to invest in technology and AI infrastructure as we scale, which will enhance our underwriting capabilities and accelerate our origination growth.”
Bradley Smiedt, Co-Founder and Chairman, noted, “We are proactively taking steps to strengthen our balance sheet. By providing long-term capital visibility, these notes allow for greater flexibility in how we deploy capital to support small businesses across the nation.”
Brean Capital, LLC served as the Company’s exclusive financial advisor and sole placement agent in connection with the transaction.
About The Fundworks:
The Fundworks is a tech-enabled finance platform providing working capital solutions to merchants to grow their businesses, take advantage of short-term opportunities and fund seasonal business fluctuations. The Company’s proprietary technology platform makes the opaque, time-consuming process of obtaining capital simple, fast and reliable. Since inception, Fundworks has funded more than $1 billion to over 15,000 small businesses throughout the United States. The Company is headquartered in Salt Lake City, UT. For more information, please visit: http://www.thefundworks.com
For more information / questions / interview requests / media inquiries, please contact:
Evan Smiedt
Email: info@thefundworks.com
Phone: (844) 644-FUND
