Coral Capital Solutions
Coral Capital Solutions is a New York-based commercial finance company that provides accounts receivable factoring, purchase order financing, and asset-based lending to small and midsize North American businesses unable to obtain traditional bank financing.
- Company typePrivate
- Founded2009
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Coral Capital Solutions does
Coral Capital Solutions is a New York-based commercial finance company founded in 2009 by Rishi Kumar that provides working capital to small and midsize businesses through Accounts Receivable factoring, Purchase Order financing, Asset-Based Lending, Contract Financing, and Specialty Finance. The company targets North American businesses that cannot secure traditional bank financing due to limited credit history, lack of profitability, or turnaround situations, and it serves verticals including telecom construction, IT infrastructure, dairy distribution, food import, digital media, and consumer goods manufacturing. Coral Capital operates a proprietary software platform with automated invoice verification that supports daily funding decisions and sub-24-hour execution on transactions typically ranging from $1 million to $50 million in facility size.
The company is part of a group of affiliated companies financed by Corigin, a private holding company specializing in real estate and equity investments, which provides permanent equity capital used to fund client commitments without third-party approval bottlenecks. In November 2016, Coral Capital also secured a $25 million credit facility from Wells Fargo Capital Finance to scale its funded receivables book. Revenue is generated primarily through transaction-based factoring fees of 1%-5% on invoice face value, supplemented by interest and fees on PO financing and ABL facilities. Go-to-market is sales-led and referral-driven, with the majority of origination flowing through community banks, regional banks, accountants, attorneys, and investment bankers who refer clients unable to obtain traditional financing. The company is led by Founder and Managing Partner Rishi Kumar, Managing Partner and In-House Counsel Einat Steklov, and Chief Operating Officer James Bertie, supported by a Business Development Officer.
Coral Capital Solutions firmographics
Firmographics- Name
- Coral Capital Solutions
- Legal name
- Coral Capital Solutions
- Website
- https://coralcapitalsolutions.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Coral Capital Solutions is a New York-based commercial finance company that provides accounts receivable factoring, purchase order financing, and asset-based lending to small and midsize North American businesses unable to obtain traditional bank financing.
- Ownership category
- akta.pro rank
Coral Capital Solutions industry classification
Industry- Product category
- Commercial Finance / Working Capital Financing
- NAICS
- Sales Financing (52222)
- SIC
- Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)
- akta.pro secondary industry
- SME Trade Finance & Working Capital (LCs, Guarantees, Receivables) (FSABABAF)
Keywords
Where Coral Capital Solutions is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Coral Capital Solutions business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Accounts Receivable Factoring: Coral Capital purchases Accounts Receivable (invoices) and immediately advances a significant portion of their face value to clients. Revenue is generated through factoring fees charged as a percentage of the invoice amount, typically between 1%-5% depending on funding amount and customer payment history.
- Purchase Order Financing: Provides financing against purchase orders, enabling companies to fulfill orders from overseas suppliers requiring letters of credit or cash against documents. Revenue generated through fees and interest on PO financing.
- Asset Based Lending: Short-term loans collateralized by company assets including inventory, real estate, equipment, or accounts receivables. Revenue from interest and loan fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Customized factoring facility based on client needs and credit profile |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Coral Capital Solutions product offering
Product offeringCore offering
Coral Capital Solutions is a commercial finance company that provides working capital to small and midsize businesses primarily by purchasing their Accounts Receivable and financing their Purchase Orders. The company advances 70-85% of gross invoice face value, typically within 24 hours, and charges factoring and processing fees of 1-5% depending on credit and transaction size. Complementary offerings include Asset Based Loans, Contract Financing, and Specialty Finance for situations that do not fit standard products.
Product overview
Coral Capital Solutions is a commercial finance company providing working capital to small and midsize businesses through a portfolio of financing products. The core offerings include Accounts Receivable (AR) Financing, which allows businesses to convert unpaid invoices into immediate cash, and Purchase Order (PO) Financing, which enables companies to fulfill large customer orders by financing supplier payments. Supporting these core products, the company also offers Asset Based Loans (secured by inventory, real estate, equipment, or receivables), Contract Financing (against contractual revenue), and Specialty Finance (customized solutions for unique situations). The company positions itself as a flexible alternative to traditional bank financing, emphasizing quick turnaround, technology-enabled operations, and direct access to principals.
Differentiator
Problem solved
Functional benefit
Products and services
- Accounts Receivable (AR) Financing
Quantifiable outcome
- Near $1 billion in receivables financed historically
- +4 more outcomes
Companies that use Coral Capital Solutions
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles4 records
Coral Capital Solutions technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Coral Capital Solutions partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Northern Lights Partners, LLC (NLP)supportingNLP and its members Sam Cirelli and David Kaplowitz were named as Special Advisors to Coral Capital in establishing an asset based lending platform. The platform serves businesses nationwide needing credit facilities from $1 million to $10 million in manufacturing, distribution, transportation, telecommunications, energy, media, cable, software, staffing, medical and business services sectors.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Coral Capital Solutions competitors and assessment
Company assessmentDirect peers
- BlueVine: BlueVine is a fintech providing invoice factoring, lines of credit, and working capital to SMBs — directly competing with Coral Capital's AR financing product for bank-rejected and growth-stage small businesses.
- Fundbox: Fundbox offers invoice-based financing and working capital lines to SMBs, targeting the same underserved borrowers as Coral Capital with a digitally-native underwriting and onboarding flow.
- Triumph Business Capital: Triumph is a larger, established factoring company offering AR financing and asset-based lending to mid-market businesses — a direct competitor in the same product category and customer segment.
- eCapital: eCapital provides factoring, ABL, and PO financing solutions to SMBs and mid-market companies, with a product set and target customer base closely mirroring Coral Capital's offerings.
- Riviera Finance: Riviera Finance is a long-standing commercial finance company offering AR factoring and related working capital products, directly overlapping Coral Capital's SMB/mid-market factoring niche.
- TCI Business Capital: TCI Business Capital provides factoring, asset-based lending, and PO financing to SMBs, serving the same bank-rejected borrower profile as Coral Capital across similar transaction sizes.
- Sallyport Commercial Finance: Sallyport offers factoring, ABL, and PO financing with a focus on industries underserved by banks — directly comparable to Coral Capital's middle-market, bank-rejected SMB focus.
- Prestige Capital Finance: Prestige Capital provides invoice factoring and AR financing to SMB and mid-market businesses, with similar deal sizes and a focus on serving clients turned away by traditional banks.
Emerging players
- Resolve (formerly Fundbox for SMBs / Quiet Capital spinout): Resolve offers B2B working capital and net-terms financing to SMBs and their buyers — an emerging fintech competitor operating at the intersection of AR financing and embedded trade credit.
Broad incumbents
- Wells Fargo Capital Finance: Wells Fargo Capital Finance is a large, established asset-based lender and factor with a broad portfolio across the U.S. — a broad incumbent that competes for mid-market AR financing opportunities and currently provides a $25M facility to Coral Capital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Coral Capital Solutions social profiles
Digital presenceCoral Capital Solutions financial estimates
Financial estimateRevenue estimate
Valuation estimate
Coral Capital Solutions leadership team
Management profileNumber of profiles
Profiles4 records
Coral Capital Solutions funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Coral Capital Solutions M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Coral Capital Solutions
What does Coral Capital Solutions do?
Coral Capital Solutions is a commercial finance company that provides working capital to small and midsize businesses primarily by purchasing their Accounts Receivable and financing their Purchase Orders. The company advances 70-85% of gross invoice face value, typically within 24 hours, and charges factoring and processing fees of 1-5% depending on credit and transaction size. Complementary offerings include Asset Based Loans, Contract Financing, and Specialty Finance for situations that do not fit standard products.
Is Coral Capital Solutions a public or private company?
Coral Capital Solutions is a private company. It is classified as corporate owned and is currently operating.
When was Coral Capital Solutions founded?
Coral Capital Solutions was founded in 2009. It employs 1 to 10 people.
Where is Coral Capital Solutions based?
Coral Capital Solutions is headquartered in New York, United States, in the North America region.
How does Coral Capital Solutions make money?
Three revenue lines are on record. Accounts Receivable Factoring is the primary driver. The others are purchase Order Financing and asset Based Lending.
Who are Coral Capital Solutions's main competitors?
Direct peers on record are BlueVine, Fundbox, Triumph Business Capital, eCapital, Riviera Finance, TCI Business Capital, Sallyport Commercial Finance and Prestige Capital Finance. Resolve (formerly Fundbox for SMBs / Quiet Capital spinout) is listed as an emerging player. Wells Fargo Capital Finance is listed as a broad incumbent.
Does Coral Capital Solutions have an API?
No public API is recorded for Coral Capital Solutions.
What industry is Coral Capital Solutions in?
Coral Capital Solutions's product category is Commercial Finance / Working Capital Financing. Its primary akta.pro industry code is FSAKAGAE, Supply Chain Finance (Trade Credit, PO/Inventory Financing), with a secondary code of FSABABAF, SME Trade Finance & Working Capital (LCs, Guarantees, Receivables). Its NAICS code is 52222 and its SIC code is 6153.