Transend
Company Overview
Transend, a private label working capital platform, bridges the gap in B2B financing: enabling companies to offer working capital to their business customers, while helping banks originate and acquire attractive commercial credit at scale.
Now, suppliers can expand beyond the traditional B2B payment options and deliver revolving lines of credit at no risk to their bottom lines, while their customers receive promotional financing and flexible terms—in seconds.
The Transend platform embeds partnerships into the B2B payment process, empowering:
- Suppliers to drive sales and customer loyalty through custom financing,
- Small business owners to instantly access working capital and enhance their buying power,
- Banks to grow and diversity their commercial portfolio with top-performing borrowers across the country
Simply put, Transend helps businesses do more business.
Deal Profile
Website
Industry
Fintech
Stage
Pre-Seed
Geography
Georgia
Co-investors
Fenway Summer, Accion Ventures, and RedBud
CEO: Matt Lekawa
Lekawa is on a mission to change the way suppliers offer financing to help SMBs and entrepreneurs grow their businesses. With twenty years of experience in the finance industry and an MBA from Duke University, Lekawa has helped originate billions of dollars in commerce and connected countless consumers and businesses to the financing they need. He’s led Capital One’s private label credit card programs with promotional financing for Costco, Menards, Neiman Marcus, and Powersports, built GreenSky’s Specialty Retail division to expand the company’s eCommerce vertical, and founded the B2B point-of-sale finance division for FinTech unicorn BHG Financial.
CPO: Ankit Patel
A FinTech innovator for over 15 years, Patel has been spearheading strategic ventures among some of the most renowned financial institutions and corporations in the country. Patel led the Amex-GreenSky alliance, managed strategic partnerships on behalf of the American Express B2B/Global Commercial Services business unit, and served in growth-based roles at GreenSky and BHG Financial, before joining the Transend team.
