VENDOR · US
Forward Financing secures $525M in new capital facility, bringing total funding capacity to $700M
Forward Financing, a small-business lending platform, closed $525M in new funding ($350M variable funding note, $175M asset-backed securitization) to deploy capital. Raises total committed capacity to ~$700M for SMB financing.
WHY IT MATTERS
Fintech lending to SMBs continues to grow independent of traditional bank syndication. Indicates fintech-originated credit is scaling; incumbent banks should model loan loss rates and client migration if AI-powered underwriting at fintechs exceeds bank accuracy.
Source: PYMNTS · 2026-07-21