WhiteHorse Capital Provides Financing to Netevia
July 9, 2024 – WhiteHorse Capital is pleased to announce that it has provided a new senior secured credit facility to TOT Group, Inc., (“Netevia” or the “Company”). Proceeds were used to refinance existing debt and acquire a portfolio of residuals. Founded in 2021 and headquartered in North Miami Beach, FL, Netevia provides payment services as a wholesale independent sales organization using an outsourced sales network.
“We are thrilled to partner with Whitehorse Capital as the funding marks a pivotal moment for Netevia as we embark on the next phase of our growth journey. This financial partnership will allow us to carry on Netevia’s mission of becoming the next unicorn in financial technology with a very unique and diverse channel sales strategy” said Vlad Sadovskiy, CEO of Netevia.
Pankaj Gupta, President and Global Head of Originations at WhiteHorse Capital, added, “We are excited to partner with Netevia and look forward to supporting the Company in the continued growth and success of the business.”
About Netevia
Netevia is a pioneering fintech company that offers a comprehensive suite of payment solutions designed to meet the needs of businesses across various industries. By integrating advanced technology and customer-centric approaches, Netevia provides seamless, secure, and efficient payment processing services. With a focus on innovation and growth, Netevia is committed to empowering businesses to thrive in the digital economy.
About WhiteHorse Capital
WhiteHorse Capital provides debt financing to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse Capital has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse Capital professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy.