Press Release

CEO of Lighter Capital to Showcase New Lending Technology Used to Qualify and Monitor Borrowers

SEATTLE – July 17, 2013 – Lighter Capital, a pioneer of the revenue-based financing model, today announced that BJ Lackland, CEO of Lighter Capital, has been selected to present at FinovateFall, the leading demo-based conference that showcases cutting-edge banking technology, taking place September 10th and 11th at the Manhattan Center in New York City.

Mr. Lackland will unveil Lighter Capital’s latest technology to automate the evaluation and monitoring of small business loans. His presentation will demonstrate the technology’s seamless access to new and deeply integrated data sources to predict and track borrower performance, enabling Lighter Capital and other long term lenders to qualify loan applicants and monitor existing borrowers with unprecedented insight. By using the technology, lenders can lower underwriting time and costs and be alerted of potential financial instability before a loan default actually occurs. For the borrower this means faster access to lower cost capital.

“Lighter Capital has developed an automated analytics engine for commercial loans that we’re very excited to have launched from the floor of FinovateFall,” said Eric Mattson, CEO of The Finovate Group. “It’s exactly the type of innovative financial technology that we founded Finovate to find and showcase.”

Lighter Capital’s innovative Capital-as-a-ServiceTM platform enables entrepreneurs to fast-track the entire fund raising process and secure up to $500,000 in growth capital for their growing software or services business in an automated fashion.

About FinovateFall
FinovateFall is a demo-based conference for innovative startups and established companies in the fields of banking and financing technology. Held in NYC, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate, and unique format. FinovateFall is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit finovate.com/fall2013.

About Lighter Capital
At Lighter Capital, we’re breaking down the barriers to small business growth funding. Our revenue-based finance model exchanges growth capital for a fixed percentage of the company’s revenues. This structure is more flexible, easier, and faster than traditional loans, making us “lighter” than the marble and mahogany of the antiquated banks.

Since 2010, Lighter Capital has funded dozens of fast growing companies that had no interest in personal guarantees from a bank nor the dilution and control provisions from venture capitalists. Lighter Capital invests $50k to $500k into companies with revenues of $15k per month and up. For more information, or to apply, visit: https://www.lightercapital.com/

Press Contact:
Jeff Pecor
Tailwind PR
802.497.1932
jeff@tailwindpr.com