Funding supports company’s expansion plan
ORIX Ventures announced today that it has extended additional growth capital in the form of debt to Cortera, the leading provider of business-to-business analytics and cloud-based risk management solutions. The debt financing allows Cortera additional flexibility to continue scaling its commercial credit analytics platform and accelerate its rapid growth plans.
“Cortera’s scalable, cloud-based commercial credit monitoring database has grown exceptionally fast and provides greater transparency into the financial condition of suppliers and customers, as well as business analytics that can be leveraged across industries including financial services, insurance, real estate and commercial banking,” said Todd McDonald, Director of ORIX Ventures. “We are committed to supporting their continued growth.”
Cortera, headquartered in Boca Raton, Florida, currently serves thousands of customers. The company’s scale, the fact that it has one of the country’s largest sources of information on businesses, and its network-driven approach to credit and business analytics has positioned Cortera to be the leader in the industry.
“We have had an excellent relationship with Todd McDonald and the team at ORIX Ventures,” said Jim Swift, CEO of Cortera. “As we enter the next phase of our expansion plan, it was natural for us to take advantage of ORIX’s flexibility and long-term focus to access additional growth capital.”