XS Financial, Inc.
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XS Financial, Inc. - overview
Established
2017
Location
Los Angeles, CA, US
Primary Industry
Financial Services
About
Founded in 2017 and based in California, US, XS Financial, Inc. provides financing solutions, credit structuring, leasing, and critical use asset management solutions for industrial sectors. David Kivitz (CEO) and Antony Radbod (COO) are the co-founders of the company. In September 2024, Mavik Capital and Axar Capital acquired XS Financial, Inc.
for CAD 0. 052 per share in a public-to-private deal. After the completion of the deal, the company was delisted from the Canadian Securities Exchange and the OTCQB. The company provides flexible equipment financing solutions, including an Equipment Line of Credit designed to offer businesses financial scalability without utilization fees.
The firm’s product allows clients to draw funds as needed, paying only for what they use, making it an option for expanding operations or upgrading equipment. XS Financial's industry-agnostic approach supports businesses across sectors like manufacturing, construction, and mining. The company also focuses on customized financing, aligning with each business's unique objectives while helping preserve working capital. The September 2024 acquisition enables the organization to expand its financing expertise and growth plans across various industries.
Current Investors
Mavik Capital Management, Axar Capital Management
Primary Industry
Financial Services
Sub Industries
Accounting Services, Consumer Finance
Website
www.xsfinancial.com/
Company Stage
Mature
Total Amount Raised
Subscriber access only
XS Financial, Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | XS Financial, Inc. | - |
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