Latest news with #RohitMathur
Finextra
22-05-2025
- Business
- Finextra
Digital pensions fintech Penfold raises £3.9 million
Digital pension provider Penfold has raised £3.9 million in a funding round led by Gresham House Ventures. 0 Penfold offers a digital workplace pension via a proprietary platform, which enables businesses to sign up or switch their pension in minutes. The number of employers using Penfold's workplace pension have tripled since the start of 2024 - from 1,200 to over 4,000, Assets under administration have grown by 91% to nearly £700 million by the end of Q1 2025. The company last raised £7 million in Series A funding in 2022 and in February it drummed up just over £1 million via an over-subscribed crowdfund campaign. Rohit Mathur, investment partner at Gresham House Ventures, says: 'We have been impressed with Penfold's commercial traction as it leads the charge in disrupting the pensions industry. With significant potential to further boost its customer base and bolster its digital offering over the coming years, we are excited to support Penfold's continued progress as it enters the next phase of its growth.' Penfold says the fresh funds will boost its drive to reach profitability, by growing its presence across the UK SME and accountancy markets and accelerating the development of its pension app with new features for savers and businesses.
Associated Press
26-03-2025
- Business
- Associated Press
Bridge Wins FinTech Breakthrough Award for Business Lending Excellence
AI-Powered Platform Transforms Business Lending CHARLOTTE, NC, UNITED STATES, March 26, 2025 / / -- Bridge, the leading digital platform revolutionizing business lending by connecting middle-market borrowers with a vast network of debt capital providers, has been named the 2025 Fintech Breakthrough Award winner for Best Overall Business Lending Company. This prestigious recognition highlights Bridge's innovative approach to financing, leveraging AI-powered technology to streamline the lending process and expand access to capital for businesses across industries. 'This award reinforces Bridge's leadership in fintech innovation,' said Rohit Mathur, CEO and Cofounder of Bridge. 'We are transforming the business lending landscape by providing borrowers with the right financing solutions at the right time. This achievement reflects the strength of our corporate partners, our extensive lender network, and our dedicated team.' Bridge's platform utilizes proprietary AI-driven technology to match borrowers with lenders, simplifying and accelerating the financing process. By analyzing borrower project details and lender criteria, Bridge fosters efficient and productive lending relationships, ensuring businesses can secure the capital they need faster and more effectively. 'Bridge is using AI to transform the financing experience, especially for hotel developers,' said Harte Thompson, COO and co-founder of Bridge. 'Our AI-generated Offering Memorandums turn what used to take weeks and significant expense into quick, high-quality presentations lenders trust. This improves transparency, streamlines underwriting, and uses innovation to better connect developers with capital providers. We're excited to make it easier and faster for developers to secure financing.' Key Features of Bridge's Business Lending Platform Access to 100+ Lenders – The most extensive lender network, including direct lenders, banks, private debt funds, and family offices. AI-Powered Matching & Underwriting – Proprietary algorithms streamline financing, making loan approvals faster and more efficient. Industry-Wide Coverage – Specializing in commercial real estate loans for hotel developers and working capital loans for big-box suppliers. Seamless & Transparent Process – A simplified loan application and competitive financing options tailored to borrower needs. Exclusive Lending Options – The only platform offering a full spectrum of capital sources, from large banks and community banks to private lenders and alternative debt providers. About Bridge Bridge is a leading fintech platform connecting middle-market businesses and real estate developers with a diverse network of debt capital providers. By leveraging advanced AI and data-driven underwriting, Bridge simplifies access to financing, creating a transparent, competitive, and efficient lending marketplace. Businesses benefit from an easier way to secure funding, while lenders expand their reach to new clients. Bridge is committed to driving economic growth by bridging the gap between businesses and the capital they need. Learn more at About the Fintech Breakthrough Awards The Fintech Breakthrough Awards recognize the best companies, products, and innovations in the financial technology sector. With thousands of nominations each year, the program celebrates excellence in categories such as digital banking, payments, lending, personal finance, and wealth management. For more details, visit 10 to 1 Public Relations +1 480-886-8098 Legal Disclaimer:
Associated Press
21-02-2025
- Business
- Associated Press
Digital OM Tool Transforms Hotel Development Financing
Bridge Platform Saves Developers Time and Streamlines Access to Capital NEW YORK, NY, UNITED STATES, February 21, 2025 / / -- Bridge, a digital platform that connects hotel developers with a diverse network of debt capital providers and captive family office lenders, has launched its innovative Digital Offering Memorandum (OM) tool. This service allows developers to create professional-grade offering memorandums—documents that can cost developers up to $20,000 and require significant time and effort—in a fraction of the time, with final delivery in hours. 'Raising capital for hotel projects requires professionally-prepared materials that showcase the project's strengths and potential to lenders,' said Rohit Mathur, CEO of Bridge. 'The Digital OM tool streamlines this process, making it more efficient and accessible for developers. By providing this tool, we're making it possible for all developers to create materials which were typically only accessible to large institutional developers. We're also providing underwriting metrics which lenders can use to evaluate projects more efficiently. Bridge is deeply focused on driving innovation in the hospitality industry.' The tool uses advanced AI technology to simplify the creation of offering memorandums. Developers only need to upload two documents to the platform, significantly reducing the time and resources typically needed. Once completed, these materials can be shared directly with Bridge's extensive network of lenders via the platform. Additionally, the Bridge platform ensures data protection and security and recently received SOC 2 compliance for the platform. Bridge unveiled the tool at the Americas Lodging Investment Summit, where it was demonstrated during the Tech Challenge competition. The Digital OM Tool aligns with Bridge's broader mission to modernize hotel financing through technology. It builds on the company's track record of innovation, including last year's launch of the Ground-Up Construction Lending Program, which provides in-house financing for construction and renovation projects involving franchised hotels. With these initiatives, Bridge continues to redefine hotel development financing and support growth across the hospitality sector. Developers can access the tool at 10 to 1 PR +1 480-886-8098
Associated Press
28-01-2025
- Business
- Associated Press
Choice Hotels International and Bridge Team Up to Provide Hotel Owners with Access to Affordable Financing Solutions
Innovative platform leverages technology to digitize and optimize loan search process NORTH BETHESDA, Md., Jan. 28, 2025 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, is teaming up with the innovative digital platform Bridge to help provide new and existing Choice hotel owners with access to affordable financing solutions. Interested Choice hoteliers will be able to submit a request for a commercial loan in as little as 10 minutes via a dedicated, customized Choice Hotels landing page on the Bridge platform — a digital platform that leverages advanced technology to digitize and optimize the loan search process. Qualified borrowers will then have the opportunity to compare rates and terms from multiple lenders in Bridge's network of more than 100 lenders. The lender base encompasses a wide range of financing solutions, including SBA, Conventional, Bridge, CPACE, and CMBS options sourced from banks, private debt lenders, and direct lending from family offices. Additionally, Bridge enhances the loan search process for developers by creating a digital offering memorandum and leveraging data to produce comprehensive screening materials for lenders. These tools work together to streamline and accelerate the financing journey for developers. 'This collaboration is a win-win for Choice and its hotel owners,' said Dominic Dragisich, Executive Vice President, Operations and Chief Global Brand Officer for Choice Hotels International. 'Helping our hoteliers obtain and optimize financing for their properties is a high priority, and this agreement with Bridge will give them access to competitive loan offerings through an easy-to-use online interface.' Choice will promote the availability of the Bridge solution to prospective owners, with a special emphasis on hoteliers in the company's Supporting Ownership Access and Representation (SOAR) program, which is designed to create hotel ownership opportunities for historically underrepresented entrepreneurs. Those aspiring hoteliers may be particularly impacted by financial challenges due to limited exposure to the hotel industry. Existing owners interested in refinancing or obtaining a new loan will also have access to the Bridge platform. 'We're thrilled to partner with Choice Hotels to empower all their developers with streamlined access to capital,' said Rohit Mathur, CEO of Bridge. 'Our proprietary technology not only streamlines the financing process but also offers a comprehensive deal analysis as part of the financing request—a level of insight traditionally reserved for large, established hoteliers.' About Choice Hotels® Choice Hotels International, Inc. (NYSE: CHH), is one of the largest lodging franchisors in the world. The one to watch in upscale and a leader in midscale and extended stay, Choice® has over 7,500 hotels, representing nearly 635,000 rooms, in 45 countries and territories. A diverse portfolio of 22 brands that range from full-service upper upscale properties to midscale, extended stay and economy enables Choice® to meet travelers' needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit About Bridge Bridge is a technology-driven financial platform transforming how hospitality developers and suppliers access capital. As a leader in Hospitality CRE and Supplier Financing, Bridge delivers fast, transparent, and tailored funding solutions by combining cutting-edge technology with industry expertise. By streamlining the financing process, Bridge enables developers and suppliers to focus on growth and innovation. Bridge has established partnerships with leading corporations, including Choice Hotels, Hilton, Walmart, Best Buy, Dollar General and Chipotle, to support franchisees and suppliers nationwide. Backed by TTV Capital, Citi Ventures, FinCap, Correlation Ventures, and US Bank Ventures, Bridge is committed to driving value and unlocking new opportunities for its clients. Learn more at and follow them at
Yahoo
28-01-2025
- Business
- Yahoo
Choice Hotels International and Bridge Team Up to Provide Hotel Owners with Access to Affordable Financing Solutions
Innovative platform leverages technology to digitize and optimize loan search process NORTH BETHESDA, Md., Jan. 28, 2025 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's leading lodging franchisors, is teaming up with the innovative digital platform Bridge to help provide new and existing Choice hotel owners with access to affordable financing solutions. Interested Choice hoteliers will be able to submit a request for a commercial loan in as little as 10 minutes via a dedicated, customized Choice Hotels landing page on the Bridge platform — a digital platform that leverages advanced technology to digitize and optimize the loan search process. Qualified borrowers will then have the opportunity to compare rates and terms from multiple lenders in Bridge's network of more than 100 lenders. The lender base encompasses a wide range of financing solutions, including SBA, Conventional, Bridge, CPACE, and CMBS options sourced from banks, private debt lenders, and direct lending from family offices. Additionally, Bridge enhances the loan search process for developers by creating a digital offering memorandum and leveraging data to produce comprehensive screening materials for lenders. These tools work together to streamline and accelerate the financing journey for developers. "This collaboration is a win-win for Choice and its hotel owners," said Dominic Dragisich, Executive Vice President, Operations and Chief Global Brand Officer for Choice Hotels International. "Helping our hoteliers obtain and optimize financing for their properties is a high priority, and this agreement with Bridge will give them access to competitive loan offerings through an easy-to-use online interface." Choice will promote the availability of the Bridge solution to prospective owners, with a special emphasis on hoteliers in the company's Supporting Ownership Access and Representation (SOAR) program, which is designed to create hotel ownership opportunities for historically underrepresented entrepreneurs. Those aspiring hoteliers may be particularly impacted by financial challenges due to limited exposure to the hotel industry. Existing owners interested in refinancing or obtaining a new loan will also have access to the Bridge platform. "We're thrilled to partner with Choice Hotels to empower all their developers with streamlined access to capital," said Rohit Mathur, CEO of Bridge. "Our proprietary technology not only streamlines the financing process but also offers a comprehensive deal analysis as part of the financing request—a level of insight traditionally reserved for large, established hoteliers." About Choice Hotels® Choice Hotels International, Inc. (NYSE: CHH), is one of the largest lodging franchisors in the world. The one to watch in upscale and a leader in midscale and extended stay, Choice® has over 7,500 hotels, representing nearly 635,000 rooms, in 45 countries and territories. A diverse portfolio of 22 brands that range from full-service upper upscale properties to midscale, extended stay and economy enables Choice® to meet travelers' needs in more places and for more occasions while driving more value for franchise owners and shareholders. The award-winning Choice Privileges® rewards program and co-brand credit card options provide members with a fast and easy way to earn reward nights and personalized perks. For more information, visit About BridgeBridge is a technology-driven financial platform transforming how hospitality developers and suppliers access capital. As a leader in Hospitality CRE and Supplier Financing, Bridge delivers fast, transparent, and tailored funding solutions by combining cutting-edge technology with industry expertise. By streamlining the financing process, Bridge enables developers and suppliers to focus on growth and innovation. Bridge has established partnerships with leading corporations, including Choice Hotels, Hilton, Walmart, Best Buy, Dollar General and Chipotle, to support franchisees and suppliers nationwide. Backed by TTV Capital, Citi Ventures, FinCap, Correlation Ventures, and US Bank Ventures, Bridge is committed to driving value and unlocking new opportunities for its clients. Learn more at and follow them at View original content to download multimedia: SOURCE Choice Hotels International, Inc. Sign in to access your portfolio
