Kapitus acquires Ten Oaks Commercial Capital, launches equipment finance arm

Kapitus, a US fintech dedicated to financing small and medium-sized enterprises (SMEs), has acquired Ten Oaks Commercial Capital, enhancing its offerings in equipment financing and working capital loans. This acquisition will allow Kapitus to launch a new equipment finance division, targeting sectors like construction and healthcare while leveraging Ten Oaks' origination channels. With over $6.5 billion in growth capital delivered since its 2006 founding, Kapitus aims to support SMEs by adapting to the evolving financing landscape, especially as securing equipment finance becomes more challenging. For more insights, explore their upcoming developments. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures » FinTech Futures