Bridge, a New York City-based financial technology company, has received a $500 million investment from LuminArx Capital Management.
The company will use the new funding to provide more flexible financing solutions for consumer packaged goods (CPG) brands and retail suppliers that fulfill orders for major retailers.
Bridge is led by CEO Rohit Mathur and Harte Thompson. The company offers AI-powered lending solutions for commercial real estate developers and retail suppliers. Its platform uses artificial intelligence to improve underwriting and loan origination, making the commercial lending process faster and more efficient.
Bridge serves a wide range of well-known clients, including Hilton, Choice Hotels, Hyatt, Wyndham, Walmart, Best Buy, Dollar General, and Chipotle.
With this investment, Bridge plans to expand its financing capabilities and help more businesses access the capital they need to grow and meet increasing demand from large retail partners.
