Every year, the fintech industry expands. The market is beginning to fill with financial services providers and early-stage fintech startups attempting to meet customers’ needs and shape the future of finance.
Over the first three quarters of 2021, fintech companies received $94.7 billion in funding worldwide. Several innovative financial services and the most prominent fintech companies fuel this expansion by attracting investors looking to invest in new financial products and services.
However, as more businesses enter the financial technology sector, it can be challenging to sort through them and identify the major players. On the other hand, Legion Capital is one of those businesses that only has two words in its dictionary: profitability and growth.
Legion Capital is a publicly-traded, FinTech-enabled specialized business lender that provides growth capital to small and medium-sized businesses. Legion addresses a large and growing segment of small business lending that banks and institutions underserve by providing bridge funding, acquisition finance, development, and growth capital in a highly customized and expedited manner.
An Innovative Beginning
Shane Hackett and James Byrd co-founded Legion Capital to provide growth capital to successful small and medium-sized businesses and real estate developers. The two used direct-to-market capital formation strategies to start their private equity and specialized lending businesses. They wanted to give all investors the chance to participate in private equity-style transactions, so they used the most cutting-edge capital formation methodologies to build the company. Legion Capital has experienced tremendous growth, and the demand for expanding businesses continues.
Legion Capital prides itself on being a FinTech-driven specialized lender. The entire team continues to invest and evolve their technology for their investors and investment community and their loan operations, procurement, and underwriting.
“Legion Capital’s background and knowledge of technology and databases undoubtedly aided our company’s launch and growth. I’m proud of our team and what we’ve built so far and our plans for the future,” explained Hackett, Co-Founder, and Chief Strategy Officer.
The Advancement Of Legion Capital In The FinTech Market
The housing market in the United States is currently strong. Developers are working on getting new developments up and running and new housing off the ground. Legion Capital specializes in assisting developers with infrastructure financing that is typically not provided by banks.
Legion Capital fills a void in the institutional capital markets by providing financing for underserved businesses. For single-family, multi-family, and commercial loans, their current focus is on first-lien construction, infrastructure, and asset repositioning.
Furthermore, their loan programs are designed to provide an alternative to traditional banks for real estate investors and developers who cannot meet their financing needs.
Legion’s Strategy
The current focus of the FinTech-driven lender is the release of the 3.0 version of their investor portal. Investors and investment advisors will be able to see their investments and related documents and tax information in real-time.
Additionally, Legion Capital has started the process of using Artificial Intelligence (AI) in their lending and underwriting processes to manage businesses and investors. Legion Capital’s growth and business operations will continue to rely heavily on technology and building smart systems.
Legion’s team will provide critical sales and marketing, business, and financial management services to its projects and portfolio holdings as it grows both its lending and private equity businesses, both organically and through acquisition. Their experienced management team brings critical services and resources to bear on a growing company to generate new revenue and profit for its various divisions.
Speaking of the future trajectory for Legion Capital, Hackett states, “As a lender, we continue to raise funds from the Broker-Dealer and Registered Investment Advisor community through SEC qualified offerings. Our goals are to continue to expand to meet demand while also assisting our business partners and investors.”
Maintaining The Position As A Market Leader
Legion Capital is a one-of-a-kind company. Throughout the United States, their specialized loan and finance programs are available for real estate projects. They specialize in ground-up construction, adaptive reuse, major asset repositioning, and renovation projects, emphasizing single-family, multi-family, and commercial development loans.
Intriguingly, Legion Capital intends to increase revenue and profit by combining the use of success fees and equity ownership. As a secured lender to the project, Legion seeks to protect its capital, while equity participation allows it to profit from the project’s success. Legion and its team are constantly on the lookout for ownership and equity opportunities, whether through purchasing a controlling stake in a company or revenue share or success fee opportunities in its various projects.
Lastly, Hackett expresses his thoughts on the customer experience strategy, and he says, “The key has always been to prioritize our shareholders, investors, and business partners. Our team strives to provide the best possible service to our investors, clients, and customers every day. In all of our business dealings, Legion Capital works to uphold the highest standards of trust, loyalty, honesty, and fairness.”
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