A new San Francisco-area asset-based lender called Architect Capital has launched with more than $100 million to lend to most technology companies in the U.S. and Latin America, according to a press release. “The global technology and startup industry is evolving quickly, and new forms of financing to fund novel and underappreciated assets are a necessary part of that evolution,” said Architect Capital Founder and CEO James Sagan in the release. “We’re excited to launch Architect Capital to help disruptive, asset-rich technology companies scale quickly.” FinTech startups and young companies will be among those upon which Architect Capital focuses as it seeks to build the business, according to the release. The company’s pitch is that providers of financial services have yet to catch up with innovations in the tech sector, with venture capital taking too big a piece of young firms’ equity and traditional lenders offering inadequate support for clients that are scaling. The relea...
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