Horizon Technology Finance Corporation announced on December 16, 2024, that it has provided a $10 million venture loan facility to OneNetwork, Inc. dba Finexio. An initial $5 million of the facility has been funded to support Finexio's growth and working capital needs.
Finexio operates in the B2B payments industry, offering an 'Accounts Payable (AP) Payments as a Service' solution that leverages AI for payment optimization and security. This investment aligns with Horizon's focus on technology companies.
Gerald A. Michaud, President of Horizon, stated that the company is pleased to support Finexio's growth as it innovates in the payment industry. This loan facility contributes to Horizon's objective of generating current income from its debt investments.
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