FGI Finance
FGI Finance is a division of FGI Worldwide LLC providing asset-based lending, trade credit insurance brokerage, and proprietary SaaS (TRUST™ and S.M.A.R.T.℠) to small and medium-sized enterprises and middle-market companies across 60+ countries. Acquired by Goldman Sachs Alternatives in May 2026.
- Company typePrivate
- Founded2000
- HeadquartersNew York, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What FGI Finance does
FGI Finance is a division of FGI Worldwide LLC, a New York-headquartered commercial finance firm founded in 2000 that provides asset-based lending, trade credit insurance brokerage, and credit-risk technology to small and medium-sized enterprises and middle-market companies operating internationally. Through its three divisions — FGI Finance (asset-based lending including receivables financing, invoice discounting, multi-jurisdictional facilities, and acquisition financing in $20MM-$150MM+ deals), FGI Risk (trade credit insurance and political risk brokerage across more than 20 carrier relationships), and FGI Tech (the TRUST™ credit insurance management SaaS platform and the S.M.A.R.T.℠ receivables management service) — FGI delivers working capital and risk management solutions across 60+ countries and 15+ currencies.
The underlying technology is centered on two proprietary SaaS platforms. TRUST™ is a cloud-based credit insurance administration platform with real-time API integrations to 30+ major credit insurance carriers (Allianz, Coface, AIG, Atradius, Beazley, Chubb, Zurich, Tokio Marine, and others) plus credit data providers (Dun & Bradstreet, Creditsafe) and accounting-API partners (Validis), and is offered in three deployment variants for financial institutions, corporations, and insurance brokers. S.M.A.R.T.℠ provides receivables verification, monitoring, collections, and bad-debt recovery with multilingual support for banks and commercial finance companies. FGI Tech operates under an ISO/IEC 27001:2022-certified Information Security Management System. The firm's lending infrastructure supports multi-jurisdictional borrowing bases including receivables, inventory, and fixed assets across more than 60 countries.
FGI's revenue is generated through a combination of interest and fees on asset-based lending facilities (transaction-fee economics), brokerage commissions from trade credit insurance placements (FGI Risk), recurring SaaS subscriptions to TRUST™ with annual recurring revenue targets, and managed-service revenue from S.M.A.R.T.℠ plus partnership/white-label licensing arrangements. Go-to-market combines direct enterprise sales through Managing Directors in New York, Boston, Los Angeles, Chicago, Boca Raton, and London; inside SaaS sales with quota-carrying Account Executives; co-lending partnerships with senior and sub-debt lenders (e.g., B. Riley, CIT Northbridge); and a channel partner program. Customers include Targus, Concordance Healthcare Solutions, A2 Global, The Adaptavist Group, Ardisam, UPG Electrical, Mansfield Energy Corp, Ray-Mont Logistics, Cooley Group, Popular 21, and Bibby Financial Services, alongside PE sponsors such as Wynnchurch Capital, MiddleGround Capital, and Transom Capital Group. In May 2026, FGI was acquired by Goldman Sachs Alternatives' Private Equity business, marking Goldman Sachs as FGI's first institutional investor.
FGI Finance firmographics
Firmographics- Name
- FGI Finance
- Legal name
- FGI Worldwide LLC
- Website
- https://www.fgiww.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- FGI Finance is a division of FGI Worldwide LLC providing asset-based lending, trade credit insurance brokerage, and proprietary SaaS (TRUST™ and S.M.A.R.T.℠) to small and medium-sized enterprises and middle-market companies across 60+ countries. Acquired by Goldman Sachs Alternatives in May 2026.
- Ownership category
- akta.pro rank
FGI Finance industry classification
Industry- Product category
- Asset-Based Lending
- NAICS
- Sales Financing (52222), Portfolio Management and Investment Advice (523940)
- SIC
- Short-Term Business Credit Institutions (6153), Loan Brokers (6163), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit) (BPAHAOAD)
- akta.pro secondary industries
- Lending & Credit Disbursements (FSAMAKAH), Invoice Factoring & Receivables Finance Brokerage (FSAEAEAO), ESG/Sustainable & Thematic Digital Investing Platforms (FSAGAEAK)
Keywords
Where FGI Finance is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices9 records
Markets served
FGI Finance business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- FGI Finance - Asset-Based Lending Interest & Fees: FGI Finance generates revenue through asset-based lending facilities including receivables financing, invoice discounting, multi-jurisdictional facilities, and acquisition financing. Revenue derives from interest on advances against receivables, inventory, and fixed assets; fees on facility structuring, origination, and ongoing portfolio management. Deal sizes range from $20MM to $150MM+ facilities. Serves middle-market companies globally.
- FGI Risk - Trade Credit Insurance Brokerage: Full-service trade credit insurance brokerage and risk advisory services. FGI Risk acts as broker of record negotiating policy terms, structuring coverage, appealing coverage decisions, and managing renewals on behalf of clients. Revenue derives from brokerage commissions and advisory fees paid by carriers and clients. Services include credit insurance and political risk protection.
- FGI Tech - TRUST™ SaaS Subscriptions: Recurring SaaS revenue from TRUST™ credit insurance management platform. Subscription-based pricing for financial institutions, corporations, and insurance brokers. The job description explicitly references ARR (Annual Recurring Revenue) targets. White-label licensing, channel distribution, and referral arrangements also create SaaS revenue. Quote-based / not publicly disclosed pricing.
- FGI Tech - S.M.A.R.T.℠ Managed Services: Managed service revenue from S.M.A.R.T.℠ receivables management for banks and commercial finance companies. Service-based model handling verification, monitoring, collections, and bad debt recovery on receivable portfolios. Includes credit information services for debtor credit limit management.
- FGI Tech - Partnership & Licensing Revenue: Revenue from carrier, broker, and technology partnerships including white-label licensing, revenue share, channel distribution, and referral arrangements for TRUST platform. Includes existing carrier partnership revenue and senior broker relationship revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | TRUST for Financial Institutions - enterprise SaaS with ARR targets |
| Subscription | Annual | TRUST for Corporations - SaaS for corporate credit insurance management |
| Subscription | Annual | TRUST for Insurance Brokers - white-label SaaS platform |
| Other | Other | FGI Finance - Custom Asset-Based Lending Facility |
| Other | Other | FGI Risk - Trade Credit Insurance Brokerage |
Go-to-market motion5 records
Distribution channels7 records
Marketing channels8 records
FGI Finance product offering
Product offeringCore offering
FGI Finance is the asset-based lending division of FGI Worldwide LLC, providing flexible domestic and international lending solutions including asset-based loans, receivables financing, invoice discounting, and multi-jurisdictional facilities to small and middle-market businesses across 60+ countries and 15+ currencies. The broader FGI platform also includes FGI Risk (trade credit insurance brokerage and political risk protection) and FGI Tech (proprietary TRUST credit insurance management SaaS and S.M.A.R.T. receivables management services) integrated into the lending and brokerage offerings.
Product overview
FGI Worldwide operates a three-division commercial finance platform-plus-modules architecture serving small and medium-sized enterprises worldwide. FGI Finance is the asset-based lending arm offering Asset-Based Lending, Multi-jurisdictional Facilities, and Receivables Financing and Invoice Discounting. FGI Risk is the trade credit insurance brokerage and risk advisory arm offering Credit Insurance and Political Risk Protection. FGI Tech is the technology arm that provides the TRUST™ Credit Insurance Management Platform—offered in three deployment variants (TRUST™ for Financial Institutions, TRUST™ for Corporations, and TRUST™ for Insurance Brokers)—and S.M.A.R.T.℠, a receivables management service. The technology products integrate with FGI's finance and risk offerings and connect via API to credit insurance carriers and accounting data partners. FGI also historically launched an FGI Equipment Finance division in 2019, which is no longer listed in current site navigation.
Differentiator
Problem solved
Functional benefit
Brands
- FGI Finance: Asset-based lending division offering domestic and international asset-based loans, receivables financing, invoice discounting, and multi-jurisdictional facilities for middle-market and SME clients.
- FGI Risk
- FGI Tech
- TRUST
- S.M.A.R.T.
Products and services
- Asset-Based Lending Global asset-based lines of credit providing working capital through advances against receivables, inventory, and fixed assets, with greater flexibility than typical cash-flow loans for middle-market businesses.
- Multi-Jurisdictional Facilities Single global credit facility enabling companies operating across multiple countries and continents to access cross-border working capital, supporting financing in 15+ currencies.
- Receivables Financing and Invoice Discounting Working-capital solutions that fund a percentage of outstanding invoices while clients maintain personal customer relationships, with non-notification/confidential options available.
- Trade Credit Insurance Brokerage Brokerage and advisory covering Whole Turnover, Key Account, Single Buyer, and Transactional accounts-receivable policies that protect against nonpayment, bad debt, and slow payment for enterprises and lending institutions.
- Political Risk Protection
Quantifiable outcome
- Targus $35MM global facility co-structured with B. Riley to support sustainability, innovation, and long-term growth
- +9 more outcomes
Companies that use FGI Finance
Customer profileNamed customers24 records
Segments9 records
Ideal customer profiles4 records
FGI Finance technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration20 records
Feature5 records
FGI Finance partnerships and signals
Strategic signalPartnerships
16 partnerships are on record, tiered flagship, core and minor.
- ValidisflagshipStrategic partnership announced May 7, 2024 to integrate Validis' open accounting API with FGI's T.R.U.S.T. platform. Allows businesses sharing their A/R data with lenders via Validis to manage credit insurance and risk mitigation in real-time on T.R.U.S.T. without manual processing. Changes in A/R are automatically passed through to T.R.U.S.T. via a Validis secure data feed. Paul Bower (Director, FGI Technology) and James Hillier (Head of FS EMEA, Validis) led the partnership.
- B. Riley FinancialcoreB. Riley partnered with FGI to co-structure a $35MM global asset-based lending facility for Targus. FGI led the transaction and partnered with B. Riley to structure the flexible facility providing runway for growth.
- CIT NorthbridgecoreCIT Northbridge partnered with FGI as a co-lender to structure a $150,000,000 asset-based facility for Concordance Healthcare Solutions LLC. FGI led the transaction.
- Allianz Trade / AllianzcoreAllianz Trade (formerly Euler Hermes) is integrated as a major credit insurance carrier in FGI's TRUST platform. TRUST links directly to Allianz for real-time policy management, compliance, and claims processing. Victor Espinosa previously served as Regional Head of Broker Management, Americas at Allianz Trade before joining FGI Risk.
- CofacecoreCoface is integrated as a major credit insurance carrier in FGI's TRUST platform. TRUST links directly to Coface for real-time policy management, compliance monitoring, and claims processing.
- AtradiuscoreAtradius is integrated as a major credit insurance carrier in FGI's TRUST platform for real-time policy management, coverage monitoring, and claims processing.
- Dun & BradstreetcoreDun & Bradstreet is integrated as a credit data provider in FGI's TRUST platform, providing business credit intelligence and data for credit insurance management.
- ISAAC Gacfried & Associates (IGA)minorFGI announced a strategic partnership with IGA, as referenced in FGI Tech success stories.
- Education Through Music (ETM)minorFGI financially supports the 2026 ETM Gala: Making Minds Sing, a benefit for Education Through Music, a nonprofit that has provided over 9.5 million hours of music education in NYC public schools since 1991.
- American Cancer SocietyminorFGI is a financial supporter of the American Cancer Society in 2025, supporting their work in advocacy, research, and patient support.
- Girls on the Run NYCminorFGI is a financial supporter of Girls on the Run NYC, a 501(c)(3) nonprofit serving Bronx, Brooklyn, Manhattan, Queens, and Staten Island, providing physical activity-based positive youth development for girls.
- Sunrise Day Camp - Pearl RiverminorFGI is a financial supporter of Sunrise Day Camp - Pearl River, part of the Sunrise Association bringing the joys of childhood to children with cancer and their siblings worldwide.
- Mann Charitable Foundation and National Realty Club FoundationminorFGI is a sponsor of the 2025 Mann Charitable Foundation and National Realty Club Foundation Annual Golf Outing supporting causes such as Alzheimer's, Crohn's and Colitis, Lymphoma, Macular Degeneration, and NYC community organizations.
- MiddleGround CapitalcoreMiddleGround Capital is a PE sponsor that FGI works with to provide financing solutions for portfolio companies. Justin W. Steil (Partner) referenced successful repeat partnership for TPM.
- Transom Capital GroupcoreTransom Capital Group is a PE sponsor that FGI has partnered with on several financings, including the acquisition financing of Bose Professional with a global facility. Russ Roenick (Founder and Managing Partner) is the key relationship contact.
- Wynnchurch CapitalcoreWynnchurch Capital is the PE owner of A2 Global (acquired 2017). FGI provided a $65MM multi-jurisdictional facility for A2 Global with Steve Yan (Managing Director) as the relationship contact.
Scale indicators8 records
Recent moves6 records
Expansion highlights7 records
FGI Finance competitors and assessment
Company assessmentDirect peers
- White Oak Global Advisors: White Oak is a privately held alternative asset manager specializing in asset-based lending to middle-market and small businesses. Like FGI Finance, it provides receivables financing, invoice discounting, and ABL facilities, and serves a comparable middle-market borrower profile.
- SLR Business Credit: SLR Business Credit (part of SLR Investment Corp.) provides asset-based revolving credit and term loans to middle-market companies, with similar deal sizes and a comparable focus on sponsor-backed and non-sponsor middle-market borrowers. Direct overlap with FGI Finance's core lending activity.
- Rosenthal & Rosenthal: Rosenthal & Rosenthal is one of the largest independent commercial finance companies in the US, providing asset-based lending, receivables financing, and factoring to middle-market companies. Highly comparable business model to FGI Finance's receivables financing and invoice discounting lines.
- Bibby Financial Services: Bibby Financial Services is the UK's largest independent invoice finance provider and an FGI customer on the TRUST platform. Directly comparable as a competitor in invoice finance while also being a SaaS customer — a structural parallel to FGI's lending-plus-tech model.
- CIT Northbridge: CIT Northbridge (a First Citizens Bank company) provides asset-based lending and co-lending partnerships, including serving as co-lender with FGI on the $150MM Concordance Healthcare facility. Directly competes in middle-market ABL syndication and participation.
Broad incumbents
- Allianz Trade (formerly Euler Hermes): Allianz Trade is the world's largest trade credit insurance carrier and a TRUST integration partner. As a carrier (not a brokerage), it competes with FGI Risk's broker-of-record role indirectly and has its own digital tools that could compete with TRUST.
- Coface: Coface is a top-three global trade credit insurance carrier, integrated with TRUST but also competing with FGI Risk's brokerage services via direct carrier relationships. Comparable in the TCI ecosystem and in serving multinational credit insurance buyers.
- Atradius: Atradius is a leading global trade credit insurance carrier integrated with TRUST. Comparable as a TCI incumbent serving the same corporate policyholder base that FGI Risk brokers for and that TRUST serves.
Emerging players
- LiquidX: LiquidX is a digital trade finance platform providing receivables monetization, supply chain finance, and trade credit insurance workflow automation. Comparable to FGI Tech's TRUST platform in digitizing trade finance workflows and to FGI Finance in receivables financing.
Others
- Validis: Validis is an open-accounting API provider and strategic technology partner of FGI's TRUST platform. While not a direct competitor, Validis operates in the same credit-data and lending-data ecosystem and serves overlapping commercial-finance customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
FGI Finance social profiles
Digital presenceFGI Finance compliance and trust
Trust signalCompliance4 records
FGI Finance financial estimates
Financial estimateRevenue estimate
Valuation estimate
FGI Finance leadership team
Management profileNumber of profiles
Profiles9 records
FGI Finance subsidiaries and ownership
Company hierarchySubsidiaries3 records
FGI Finance funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FGI Finance M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FGI Finance
What does FGI Finance do?
FGI Finance is the asset-based lending division of FGI Worldwide LLC, providing flexible domestic and international lending solutions including asset-based loans, receivables financing, invoice discounting, and multi-jurisdictional facilities to small and middle-market businesses across 60+ countries and 15+ currencies. The broader FGI platform also includes FGI Risk (trade credit insurance brokerage and political risk protection) and FGI Tech (proprietary TRUST credit insurance management SaaS and S.M.A.R.T. receivables management services) integrated into the lending and brokerage offerings.
Is FGI Finance a public or private company?
FGI Finance is a private company. It is classified as private equity controlled and is currently acquired.
When was FGI Finance founded?
FGI Finance was founded in 2000. It employs 101 to 250 people.
Where is FGI Finance based?
FGI Finance is headquartered in New York, United States, in the North America region.
How does FGI Finance make money?
Five revenue lines are on record. FGI Finance - Asset-Based Lending Interest & Fees are the primary driver. The others are FGI Risk - Trade Credit Insurance Brokerage, FGI Tech - TRUST™ SaaS Subscriptions, FGI Tech - S.M.A.R.T.℠ Managed Services and FGI Tech - Partnership & Licensing Revenue.
Who are FGI Finance's main competitors?
Direct peers on record are White Oak Global Advisors, SLR Business Credit, Rosenthal & Rosenthal, Bibby Financial Services and CIT Northbridge. Broad incumbents are Allianz Trade (formerly Euler Hermes), Coface and Atradius. LiquidX is listed as an emerging player. Validis is listed as an others.
Does FGI Finance have an API?
Yes. TRUST™ supports API integration to automate and synchronize credit insurance policy data and accounts-receivable data with partners. The platform uses API integration to receive credit insurance data from major carriers and to ingest standardized accounting data from partners such as Validis, passing A/R changes through to TRUST in real time via a secure data feed. SDKs and a public developer portal are not advertised.
What industry is FGI Finance in?
FGI Finance's product category is Asset-Based Lending. Its primary akta.pro industry code is BPAHAOAD, Debt & Capital Advisory (Debt Raising, Refinancing, Private Credit), with a secondary code of FSAMAKAH, Lending & Credit Disbursements. Its NAICS code is 52222 and its SIC code is 6153.