Acrecent Financial Corporation
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Acrecent Financial Corporation - overview
Established
2003
Location
Guaynabo, -, Puerto Rico
Primary Industry
Financial Services
About
Acrecent Financial Corporation, located in Puerto Rico, specializes in providing vital financial services to small and medium-sized enterprises (SMEs) in underserved sectors, fostering economic development through tailored funding solutions. Founded in 2003, Acrecent Financial Corporation operates from Guaynabo, Puerto Rico. The company is focused on offering financial support to SMEs in essential sectors. In November 2022, it raised USD 34.
8 mn in a funding round led by investors including BlueEarth Capital and Calvert Impact Capital. Acrecent Financial Corporation specializes in offering comprehensive financial solutions designed for SMEs. Their services are primarily aimed at addressing financing needs in key sectors such as health care, affordable housing construction, hospitality, and renewable energy, ensuring a tailored approach to support their clients' business objectives. The company's revenue model is structured around fee-based financing services, where clients pay for access to various funding solutions.
This model facilitates a stable cash flow while also enabling long-term partnerships with clients seeking financial assistance for growth initiatives. Following the recent funding of USD 34. 8 mn raised in November 2022, Acrecent Financial Corporation plans to deploy this capital to support hundreds of SMEs in crucial sectors, enhancing social and economic development. The company aims to expand its financial offerings into new markets, particularly targeting underserved regions in Puerto Rico, by the end of 2024.
Current Investors
Darby Overseas Investments, Calvert Impact, Ceniarth
Primary Industry
Financial Services
Sub Industries
Consumer Finance, Accounting/Finance Software
Website
www.acrecent.com
Total Amount Raised
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Acrecent Financial Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Acrecent Financial Corporation | - |
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