Jovian Capital Management has provided Exponent Financial, Inc. with a senior secured revolving credit facility of up to $20 million. Exponent had previously relied on credit facilities to support its business credit card offering for franchise operators across the United States; the new facility will fund the company's expansion into fixed-rate small business loans built specifically for multi-unit franchise operators.
Exponent Financial CEO Sohel Roopani said the facility strengthens the company's ability to "responsibly scale" its lending portfolio to franchise operators nationwide.
Jovian Capital Management Managing Partner Nick Acimovic said Exponent has built a strong team addressing a real gap in franchise finance, and that Jovian is glad to support the company's next phase of growth.
Exponent Financial is a technology-driven lender and financial platform serving franchise operators nationwide, offering charge cards, commercial loans, and AI-powered financial management tools. The company was founded and seeded by Era, a New York-based multi-stage investment firm.