Howden Re, the global reinsurance, capital markets, and strategic advisory division of Howden, the global insurance intermediary group, and Rivonia Road Capital ("Rivonia"), a leading US-based credit investment manager, today announced that they have entered into a Strategic Cooperation Agreement. The agreement is a partnership which focuses on providing financing to insurance agents, brokers, and other industry participants, particularly in the Dental, Medicare Advantage and Supplemental Health Benefits space, combining Howden Re’s extensive industry relationships with Rivonia Road Capital’s bespoke asset-based financing solutions.
Steno, the tech-enabled provider of legal support and court reporting services, launched a first-of-its-kind generative AI tool for transcript analysis called Transcript Genius, which revolutionizes how attorneys interact with transcripts.With the unveiling of Transcript Genius, Steno also announced the completion of $46 million in additional capital. Transcript Genius transforms the traditional, labor-intensive process of transcript analysis, offering a much-needed solution that saves time while enhancing case strategy. The tool enables dynamic interaction with a library of transcripts in a case, empowering litigators to efficiently parse testimony to identify key facts, inaccuracies, and conflicting information within seconds.This new potential to dynamically engage with transcripts enables litigators and legal teams to quickly access cust
Rivonia Road Capital LLC (“Rivonia”) is pleased to announce the closing of a $50 million senior secured revolving credit facility for a leading provider of commission advance financing to accident and health (“A&H”) insurance agencies (the “Company”). The capital was used to refinance the Company’s existing debt and will fund future growth of the Company’s agency network. By extending timely funding solutions to its insurance agency partners, the Company helps them maintain healthy cash flows, facilitating their growth and competitiveness in the specialized A&H market.
Doc2Doc, Inc. and Rivonia Road Capital LLC today announced a financing that represents a momentous stride in Doc2Doc’s trajectory. Rivonia Road has agreed to provide up to $100 million, making this transaction the largest in the Company's history and affirming its dedication to offering impactful financial solutions exclusively and uniquely for doctors.“As we enter this evolutionary partnership with Rivonia Road Capital, it’s more than just a transaction; it's a merging of mutual values and a shared understanding of our core mission—to empower doctors by providing financial tools that propel their personal and professional aspirations,” said Chris Cronk, Chief Financial Officer, Doc2Doc. “The successful closing of this inaugural Loan Purchase Agreement with Rivonia Road Capital underscores our relentless pursuit of excellence and innovation in service to our members.”
Rivonia Road Capital LLC, a global alternative asset manager, focused on credit for high-growth companies, announced today that it has provided Planet42 with $75 million in debt financing, alongside an equity investment in Planet42’s most recent fundraise. Planet42, based in Tallinn, Estonia, and backed by Naspers, one of the world’s largest technology investors, was founded in 2017 by entrepreneurs Eerik Oja and Marten Orgna to fight transport inequality by putting cars in the hands of people unfairly ignored by the banking system. Planet42 provides socially inclusive car subscription in emerging markets through fully remote onboarding followed by continuous engagement throughout the customer journey. Its proprietary algorithms segment and score risk in the underbanked population allowing it to better and more responsibly address a large and underserved customer base, most of whom would otherwise not have access to affordable vehicle finance.
Rivonia Road Capital LLC, a global alternative asset manager, focused on credit for high-growth companies, announced today that it has provided Tandym, Inc. with $50 million in debt financing, alongside an equity investment in Tandym’s most recent fundraise. Tandym, based in Chicago, IL, was founded by former Capital One executives to offer branded credit cards to online merchants with less than $1 billion in revenues. Historically, merchant cards have only been available to the largest retailers, primarily due to complex, time-consuming and costly implementation requirements. Tandym streamlines onboarding for merchants by leveraging its proprietary closed-loop system, thereby greatly reducing the time and cost of implementation, while also minimizing ongoing merchant processing fees.
Rivonia Road Capital LLC, a global alternative asset manager, focused on credit for high-growth companies, announced today that it has provided Steno Agency, Inc with $20 million in debt financing, alongside an equity investment in Steno’s most recent fundraise. Steno is a court reporting agency built by an attorney that pairs innovative technology with a concierge level of service to solve problems attorneys face throughout the litigation process. Steno’s DelayPay product empowers attorneys to defer payment for services rendered until their case resolves.
Rivonia Road Capital, a global alternative asset manager focused on credit for high growth companies, announced today that it has provided $78 million in debt financing and participated in a $12 million equity raise for Accept.inc, a technology-enabled lender that empowers home buyers to submit all-cash offers on home purchases at no additional cost to the buyer, seller or agent. The Denver-based mortgage company has seen exponential growth in the past year since partnering with Rivonia Road and more than doubled its team in Q1 of 2021 alone, with plans to enter new markets later this year. “Rivonia Road is proud to provide Accept.inc with non-dilutive capital for scaling its business and to participate in the recent equity raise,” said Rivonia Road Capital’s Co-founder and Managing Partner, Brad Smiedt.