Cadence, a leader in the digital securitization of alternative investments, is partnering with The Smarter Merchant to expand its offering of investment products.
Cadence is pleased to announce a strategic partnership with The Smarter Merchant, its second partnership with a small and medium business (SMB) financing provider.
Established in 2013, The Smarter Merchant (“TSM”) is a New York-based provider of financing to small and medium-sized businesses across the U.S. Financing is based on a data-driven and tech-powered sourcing and underwriting engine that analyzes SMB’s sales volumes and receivables collections history, serving a diversified customer base of merchants operating in the healthcare, services, retail, restaurant and automotive sectors. TSM’s management team has 30+ years of industry experience, founding TSM with the goal of delivering sector-leading performance and transparency, through its proprietary technology platform. To date, TSM has funded over $75MM in SMB financing across the U.S., enhancing its operating model and underwriting procedures at every step of the way.
This new partnership continues to illustrate Cadence’s commitment to support tech-enabled originators who are disrupting the status quo in established industries.
According to Alex Pirro, VP of Capital Markets at Cadence, “TSM’s commitment to risk management and prioritization of technological innovation allows it to analyze traditional and non-traditional data sources in its underwriting, resulting in better credit decisioning and industry leading fraud prevention.”
“The Smarter Merchant is excited to be partnering with Cadence – their platform provides a flexible capital solution to continue powering our business growth,” said Aaron Cohen, CEO of TSM.
As an alternative investment platform, Cadence continues to offer accredited investors uncorrelated, high-yield investment products while providing non-dilutive growth capital to its origination partners. Cadence is excited to partner with The Smarter Merchant to continue building an extensive network of best-in-class partners.
About The Smarter Merchant
The Smarter Merchant is a leading technology and data driven platform for short term funding to small and medium sized merchants seeking cash flow to meet operational and working capital needs. By combining better technology, data and analytics, TSM’s technology platform unifies the full lifecycle of each merchant funding from sourcing, to underwriting to servicing. This proprietary platform coalesces the management team’s deep expertise proven through several credit cycles, seven years of operational experience and infrastructural developments, alongside cutting-edge data science drawn widely from non-traditional data sources and leading capital markets technology platforms. These factors combined have enabled TSM’s portfolio to grow rapidly while optimizing returns.
Founded in 2013, The Smarter Merchant has originated $40MM in the last 18 months alone, with sustained growth expected in 2021 and beyond.