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Newtekone Raises $50M In Private Note Offering

PUBLIC · NEWTJan 24, 2023

Amount Raised

$50 Million

Round Type

Funding Round

Boca RatonFinancial ServicesFinanceFintechLendingBanking

Description

NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) (the “Company”), announced that on January 23, 2023, the Company completed an exempt private offering of $50.0 million aggregate principal amount of its 8.125% notes due 2025 (the “Notes”). The Notes were issued to institutional accredited investors in a private placement. The Notes will mature on February 1, 2025, will bear interest at a rate of 8.125% per year and will be the Company’s direct unsecured obligations and rank pari passu, or equal, with all outstanding and future unsecured unsubordinated indebtedness issued by the Company.

Quick answer

NewtekOne raised $50 Million in a Funding Round round, dated January 24, 2023. NewtekOne is based in Boca Raton, Florida, United States.

How much did NewtekOne raise?
NewtekOne raised $50 Million in a Funding Round round on January 24, 2023.
What does NewtekOne do?
NewtekOne has helped businesses grow since 1998.
Where is NewtekOne based and how big is it?
NewtekOne is based in Boca Raton, Florida, United States.
Who are the decision-makers at NewtekOne?
Fundz holds 1 contact at NewtekOne, including the President & CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as NewtekOne that raised within 45 days of this round, from Fundz verified event records.

  • Montecito Medical Real Estate raised $50M (Funding Round) on February 21, 2023.
  • Taurus raised $65M (Funding Round) on February 14, 2023.
  • Clip Money raised $912K (Seed) on February 10, 2023.
  • Ensysce Biosciences raised $2.8M (Seed) on February 2, 2023.
  • Akulaku raised $200M on December 26, 2022.
  • Recognise Bank raised $30M (Funding Round) on December 23, 2022.

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Company Information

Company

NewtekOne

Location

Boca Raton, Florida, United States

About

NewtekOne has helped businesses grow since 1998. Publicly traded with full transparency (NASDAQ: NEWT) since 2000, we are a leading provider of key business and financial solutions to thousands of companies in all 50 states. Our goal is to partner with businesses, from small to enterprise, to improve their bottom line. NewtekOne’s solutions are innovative and cost effective, including: Lending, Insurance, Technology, Payment Processing, POS, Payroll, Banking and Marketing. The Newtek Advantage, our cloud-based operating platform, gives business owners instant access to digital tools, a team of experts and a suite of core services.

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Related People

1 contact
Verified contactsBarry S., President & CEO hiddenSee plans and pricing
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NewtekOne raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.