KINGWOOD, Texas --Ascentium Capital LLC surpassed $3 billion in origination volume shortly after receiving the FinTech Breakthrough Award for the Best Business Lending Platform.
The company’s funding milestone represents the doubling of its funded volume in less than two years. “We are proud to have provided financing to nearly 38,000 small businesses across the U.S. since 2011,” said Richard Baccaro, chief sales and marketing officer at Kingwood, Texas-based Ascentium. “Building successful relationships, combined with our ability to deliver a differentiated brand position, drives our accomplishments.”
Meanwhile, the FinTech Breakthrough Awards' mission is to honor excellence and recognize the success of financial technology (fintech) companies, technologies and products that disrupt and innovate the financial services industry.
The awards cover a range of fintech categories, including lending, payments, regulatory technology and many more. This year’s program attracted more than 3,000 nominations from over 15 different countries. All nominations were evaluated by an independent panel of experts within the fintech industry, including media, analysts, journalists and technology executives.
David Pederson, executive vice president and chief information officer at Ascentium, said, “Our entire technology team is focused on developing and integrating new technology to enhance client satisfaction while delivering ongoing improvements in operational costs. Our goal is to be the financier of choice for equipment vendors and small businesses and our proprietary platform drives this mission.”
“We are excited to recognize Ascentium Capital as winners of the Best Business Lending Platform award, and we congratulate them on playing a leading role within the fintech industry,” said James Johnson, managing director, FinTech Breakthrough. “The judges were particularly impressed with the company's innovative and powerful suite of tools, such as the MyAscentium.com business portal for vendor clients and the streamlined financing process for SMBs. The Business Lending award category included nominations from the top financial services and technology companies, and we acknowledge and congratulate Ascentium Capital for breaking through to achieve this recognition.”
As a direct lender, Ascentium Capital LLC specializes in providing a broad range of financing, leasing and small business loans. The company’s offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is backed by leading investment firm Warburg Pincus LLC.
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