NEW YORK & CHENNAI, India–(BUSINESS WIRE)–capitus, a leading provider of financing for small and medium-sized businesses in the United States, today announced the expansion of its operations with the opening of its office in Chennai, India. The expansion is part of a broader company growth roadmap and demonstrates Kapitus’ commitment to providing innovative and customizable business financing options.
The 7,500 square foot office located along Rajiv Gandhi IT Expressway in Perungudi, Chennai opened on April 1, 2022 with nearly 100 employees. The Indian team provides application processing, credit analysis, data analysis, predictive modeling, and technology and financial support. Throughout 2022, Kapitus will be looking for top talent to join the team, with plans to hire an additional 20 new full-time employees in India by the end of the year, and an additional 30 new hires in 2023.
“Kapitus is dedicated to helping small businesses grow by providing fast, efficient financing options that banks can’t or won’t offer. The Covid-19 pandemic, staffing shortages in the United States, Supply chain disruptions and inflation have combined to make small businesses fast and reliable, and business financing is even more critical,” said Ben Johnston, chief operating officer at Kapitus. “The expansion of our workforce in India helps further this mission, while ensuring our ability to provide small businesses with critical financing throughout macroeconomic cycles.”
Murali Govindarajulu will serve as Chief Commercial Officer of Kapitus India, leading the Chennai office, working with Kapitus management in the US to lead an India-based team with extensive experience in scaling global operations.
“The small business finance industry is a dynamic ecosystem that is undergoing a major technological transformation in the United States and India,” Govindarajulu said. “It’s an exciting time to be in the industry and I’m excited to work alongside people from both countries who share a passion for innovative financing solutions for small businesses.
To learn more about Kapitus and how they serve small businesses, visit: www.kapitus.com
Founded in 2006, capitus is one of the most experienced and trusted names in small business financing. As a direct lender and marketplace built with an extensive network of lending partners, Kapitus has provided over $3.6 billion in growth capital to over 64,000 US-based small businesses. Kapitus offers a variety of small business financing products, including business loans, SBA loans, revenue-based financing, equipment financing, revolving lines of credit, invoice factoring, and bond financing. control.