LeasePoint Secures $40 Million in Funding to Fuel Expansion

LeasePoint Funding Group has just secured an impressive $40 million in additional funding, thanks to Altriarch Asset Management.

This fresh influx of capital, made possible with the expertise of Westlake Securities, an Austin-based investment bank, is set to supercharge LeasePoint’s growth in the equipment financing industry.

LeasePoint, known for its innovative approach to equipment financing, has been on a meteoric rise, even as the macroeconomic environment looks a bit shaky.

But hey, who says expansion has to slow down just because of a little economic turbulence?

Clearly not LeasePoint.

The company’s secret sauce?

A slick software platform that can underwrite, originate, and service transactions up to $300k—all at the speed of automation.

Jeff Markim, Founder & CEO of LeasePoint said:

"Demand for structured vendor finance programs with LeasePoint has never been higher. This strategic partnership with Altriarch will accelerate our continued growth and improve our overall capabilities."

This system allows LeasePoint to meet the ever-increasing demand from device manufacturers and business owners looking for quick and flexible capital solutions.

With the equipment financing market on track for further growth, LeasePoint’s timing for securing this capital is spot on.

It’s like gearing up for a race with a turbocharged engine, ensuring they can continue their rapid expansion without hitting any roadblocks.

This funding will also support the company’s focus on vendor finance programs, which are apparently in higher demand than pumpkin spice lattes in October.

And let’s not forget the boost this will give LeasePoint’s ability to offer same-day funding—because in today’s world, waiting is so last century.

LeasePoint’s mission is simple: fast, flexible capital for businesses across the U.S. And with $40 million more in their pocket, it looks like they’re ready to hit the gas even harder.