Propellus Capital Partners, Inc. closes initial $3.5 million tranche of its $20 million Series A Preferred Stock Facility to fuel growth in receivables financing.
Amount Raised
$3.5 Million
Round Type
Series A
New JerseyFinancial ServicesFinanceFintechLendingDescription
Propellus Capital Partners, Inc., a subsidiary of Propellus Inc., has launched a $20 million Series A Preferred Stock facility aimed at supporting the growth of its merchant cash advance business. The initial closing has raised $3.5 million, allowing for capital-efficient financing over 15 months. This funding strategy helps to grow both the income statement and balance sheet without diluting common shareholders. The Series A Preferred Stock can be converted into Propellus Inc
Quick answer
Propellus Capital Partners raised $3.5 Million in a Series A round, dated August 5, 2026. Propellus Capital Partners is based in New Jersey, United States.
- How much did Propellus Capital Partners raise?
- Propellus Capital Partners raised $3.5 Million in a Series A round on August 5, 2026.
- What does Propellus Capital Partners do?
- Propellus Inc. is an Oklahoma corporation and alternative finance company specializing in cash flow solutions for small businesses.
- Where is Propellus Capital Partners based and how big is it?
- Propellus Capital Partners is based in New Jersey, United States. Fundz records about 2 employees.
Source: Fundz verified event record.
Who else raised in Financial Services and Finance around the same time
Companies in the same sectors as Propellus Capital Partners that raised within 45 days of this round, from Fundz verified event records.
- Tenka Labs raised $2M (Pre-Seed) on September 18, 2026.
- dtcpay raised $25M (Series A) on September 18, 2026.
- Momentum Financial Services Group raised $121M (Debt Financing) on September 17, 2026.
- Crowwd raised $261K (Angel) on September 17, 2026.
- 36th Street Capital raised $60M (Debt Financing) on September 17, 2026.
- Joiin raised $1.7M (Debt Financing) on September 17, 2026.
Who to call at Propellus Capital Partners, and when
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Funding Insights
What this usually meansPropellus Capital Partners 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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