July 2017 - inDinero, the leading provider of cloud-based accounting software and related services targeting the SMB market, tapped Spinta Capital with procuring equity efficient financing options to replace and upsize an existing term debt facility. Spinta generated three unique financing structures (royalty term loan, traditional term loan, and MRR line of credit plus term loan). inDinero ultimately partnered with a bank to take advantage of the funding flexibility afforded by a line of credit and to fund sales & marketing and product development initiatives with a term loan component. The facility also includes the option to upsize the term loan to support potential acquisitions.
Jessica Mah, CEO of inDinero, added that “Spinta provided us with guidance and recommendations and presented us with multiple options based on their evaluation. They gave us advice and helped us in preparing materials to approach lenders. We felt highly valued and important as they were there during the entire process, giving us input when negotiating terms until the closing of our financing. I would definitely recommend Spinta to any of my CEO peers and already have made a dozen intros to the Spinta team.”
About Spinta Capital
Spinta Capital is a unique advisory firm dedicated to helping mid and later stage emerging growth companies efficiently raise debt capital for business expansion. With a goal of optimizing capital cost and flexibility, we assist management teams in navigating the growth debt ecosystem with speed and intelligence, while employing a non-invasive fee structure. Founders, CEOs, CFOs and VCs rely on Spinta Capital when considering low cost, flexible growth loans. www.spintacap.com