Quantum Lending Solutions (“Quantum”), an AI-based enterprise platform that enables banks, marketplaces, and technology platforms to make better credit decisions and provide funding to their small business customers, announced the closing of a $400 million financing round. The transaction includes a warehouse line with an initial commitment of $250 million, corporate debt, and equity. The funding was led by a global asset-based private credit firm with debt participation from ATLAS SP Partners and equity participation from LL Funds. Quantum was advised in this transaction by Macquarie Capital.
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$400M in new capital strengthens Quantum’s AI-driven lending platform
This financing provides Quantum with significant capital to continue scaling its AI-powered lending infrastructure, which supports financial institutions and platforms in extending responsible, long-term credit to small and medium-sized businesses.
“Quantum has grown significantly in recent years as we expand to meet the demand of banks and technology platforms looking to extend responsible long-term credit to their customers,” said Mickey Konson, CEO of Quantum. “We see this trend accelerating as we launch our recently rebuilt AI-based platform into the market.”
“LL Funds has long believed in Quantum’s vision and leadership. As both an equity investor and as Chairman of the Board, I’ve seen firsthand how the team has rebuilt the company for the AI era while delivering consistent growth. We’re excited to continue supporting their mission to provide banks and platforms with the infrastructure they need to serve their business customers responsibly and at scale,” said Raj Mundy, Partner at LL Funds and Chairman of the Board at Quantum.
Background on Quantum
Quantum was formed two years ago through the merger of Fundation, Camino Financial, and the SMB operations team from Amount. Since then, the company has:
- Raised more than $50 million of equity capital
- Doubled its originations while decreasing losses by more than 50%
- Rebuilt its technology platform for the AI era
- Onboarded over 100 new partners
- Tripled its lending capacity
This latest financing marks another milestone in Quantum’s journey to become the leading enterprise-grade SMB lending infrastructure for banks and technology platforms.
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