CAN Capital agreed financing transaction $287m

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CAN Capital agreed financing transaction $287m

CAN Capital agreed financing transaction $287m from Varadero Capital to enhance its capital capacity

  • CAN Capital is a technology-driven small business specialty finance company plans to use the funds to support growth, recruit staff and invest in technology
  • New York-based alternative asset manager Varadero Capital, L.P., founded in 2009,  focusing on investments across the specialized credit market
  • CAN Capital provides small businesses access to more than $7 billion in funding through 190,000+ transactions
  • CAN Capital has helped 81,000 small businesses ranging from restaurants to auto repair shops
  • The company appointed Tom Davidson as chief financial officer