Kensington Blake Capital’s Managing Principal Brian Zwerner serves as a Senior Advisor to Provider Web Capital, a leading finance provider for small businesses in the healthcare sector. Zwerner provides commentary on the recent capital injections to FinTech platforms across consumer and small business lending. Money has been flooding into the sector as investor look to capitalize on new business models that look to unseat the banks across the United States.

1. Brian Zwerner of Kensington Blake Capital Recent FinTech Capital Raises
November 21, 2015
Kensington Blake Capital’s Managing Principal Brian Zwerner serves as a Senior Advisor to Provider Web
Capital, a leading finance provider for small businesses in the healthcare sector. Zwerner provides
commentary on the recent capital injections to FinTech platforms across consumer and small business
lending. Money has been flooding into the sector as investor look to capitalize on new business models
that look to unseat the banks across the United States.
This week alone saw two large capital raises in the consumer finance sector. Earnest is a platform
focused on consumer loans, with recent success in the student loan sector. They just completed a
$275MM raise, with $75MM in equity from Battery Ventures and $200MM in debt from insurers led by
New York Life. In addition, another consumer loan platform called Avant raised $175MM in a private
securitization this week from Victory Park and KKR. This comes only two months after Avant raised
$325MM with a valuation over $1 Billion from General Atlantic and other private equity groups.
The small business loan space has also seen capital pouring into larger platforms. Kabbage, based in
Atlanta, Georgia, recently raise $135MM from a collection of investors led by Reverence Capital Partners
and including a number of foreign banks including ING, Santander, and Scotiabank. Kabbage also
increased the size of their credit facility to $900 Million to increase their lending capacity to
accommodate recent growth.
The FinTech market has seen a number of smaller raises completed by other FinTech platforms.
Recently Orchard Platform raised $30 Million. Orchard is a services provider for marketplace lenders
and investors. CommonBond is a student loan platform that raised $35MM, and Fundbox raised
$50MM for the small business loan sector.
Brian Zwerner works as a Senior Advisor to Provider Web Capital, a high growth FinTech finance
company. Provider Web Capital works with doctors, mental health professionals, home healthcare
agencies and many other medical small businesses. They offer financing structures from $10,000 to
$250,000 or more to their clients, with a fast and free application process. Clients receive funds within
two business days, and they make repayment over time based on receipt of funds from their third party
payer sources such as Medicare, Medicaid, and private insurance companies. This structure allows
Provider Web to live by the mantra: “we get paid when you get paid”, a significant improvement of the
daily fixed ACH structure offered by most competitors. Keep an eye on Provider Web Capital.
Article on Kabbage capital raise:
http://techcrunch.com/2015/10/14/kabbage-loans-unicorn/
TechCrunch on Earnest:
http://techcrunch.com/2015/11/17/lending-company-earnest-raises-275-million-as-fintech-remains-in-
the-spotlight/#.tyr06et:5vpi
Article on Victory Park and Avant:
http://www.victoryparkcapital.com/news/news_2015_vpc_kkr_lead_an_inaugural_175_million_asset_
backed_securitization.shtml

2. Fortune on Avant:
http://fortune.com/2015/09/29/lender-avant-300m-unicorn/