Haversine Funding
- Company typePrivate
- Founded2018
- HeadquartersDallas, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Haversine Funding firmographics
Firmographics- Name
- Haversine Funding
- Legal name
- Haversine Funding
- Website
- https://haversinefunding.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Haversine Funding industry classification
Industry- Product category
- Specialty Finance / Lender Finance
- NAICS
- Mortgage and Nonmortgage Loan Brokers (52231), Mortgage and Nonmortgage Loan Brokers (522310)
- SIC
- Short-Term Business Credit Institutions (6153), Loan Brokers (6163)
- akta.pro primary industry
- Senior Secured Direct Lending (FSANADAA)
Keywords
Where Haversine Funding is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Haversine Funding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest and Fee Income — Lender Finance Lines: Haversine earns interest and fees on senior and junior secured revolving lines of credit extended to specialty finance companies. Revenues arise from advance rate spreads, commitment fees, and other facility charges tied to the size and utilization of funded facilities. The firm also earns participation fees on co-funded transactions and advisory/structuring fees on portfolio assessments.
- Participation Program Fees: Haversine co-participates in individual client loans alongside lender partners, earning fee shares (pro-rata shares less management fees) or fixed percentage charges on participated funds. This provides income diversification and supports retention of client relationships.
- Portfolio Assessment Fees: Haversine charges for its Portfolio Assessment service, priced at $15,000 to $30,000 for portfolios up to $50 million, depending on portfolio size and complexity.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Senior Lines of Credit — up to 85% advance rate, facilities from $1M to $30M |
| Transaction based/ take rate | Pay-as-you-go | Junior Lines of Credit — up to 95% advance rate, revolving subordinated debt |
| Unit Pricing | Pay-as-you-go | Portfolio Assessments — $15,000 to $30,000 for portfolios up to $50M |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Haversine Funding product offering
Product offeringCore offering
Haversine Funding is a specialty commercial finance company that provides capital to specialty lenders rather than to borrowers. Its core offerings are senior and junior secured revolving lines of credit ranging from $1MM to $30MM (advance rates up to 85% senior and 95% junior), a Participation Program for co-funding individual client loans up to $20MM, the Vector platform capital partnership for operators launching new factoring/ABL platforms, the Lead Line referral network connecting SMEs with 100+ commercial lenders, and Portfolio Assessments ($15K–$30K). The firm operates under a California Finance Lenders Law license.
Product overview
Haversine Funding is a specialty commercial finance capital provider offering a unified platform of funding solutions to lenders. The core offerings consist of Lender Finance (senior and junior lines of credit from $1MM to $30MM), the Participation Program (up to $20MM for loan participations), Haversine│Vector (platform capital partnerships for operators launching new factoring/ABL platforms), Lead Line (lead generation connecting borrowers with lenders), and Portfolio Assessments (advisory and evaluation services). Additional financing options include acquisition financing and equity investments. The company exclusively finances lenders and does not compete with its clients for borrowers.
Differentiator
Problem solved
Functional benefit
Brands
- Vector: Capital partnership program for proven operators forming independent factoring or ABL platforms, providing equity and debt capital along with formation support.
- In Focus with Haversine Funding
Products and services
- Lender Finance (Senior/Junior Lines of Credit) Senior and junior secured revolving lines of credit ranging from $1MM to $30MM, with senior advances up to 85% and junior advances up to 95% of eligible collateral. Built for factors, asset-based lenders, equipment finance firms, and other commercial lending platforms that are not yet ready for or are underserved by traditional bank lender-finance facilities. Features simplified, covenant-light terms and custom-built solutions.
- Participation Program Client loan participation program allowing lenders to share in individual transactions exceeding concentration limits. Participations up to $20,000,000 relieve concentration concerns, liquidity constraints, or lending limits while preserving lender-client relationships. Haversine earns pro-rata participation fees less management fees or fixed percentage charges on participated funds.
- Vector (Platform Capital & Partnerships) Capital partnership program for experienced operators with 10+ years in factoring or ABL who are forming independent factoring or non-bank ABL platforms. Provides seed-stage equity and debt capital along with formation support for underwriting, risk, reporting, and policy infrastructure.
- Lead Line (Partner Referrals) Lead generation and referral platform connecting companies seeking financing with a network of 100+ commercial lenders across the U.S. Helps lenders grow their platforms by facilitating deal placements across industries (staffing, distribution, technology, medical, construction) and collateral types (accounts receivable, inventory, purchase orders, equipment, real estate).
- Portfolio Assessments Comprehensive assessments for commercial finance platforms including policy and process evaluation, industry benchmarking, accounts receivable aging and concentration analysis, underwriting and risk management review, and fraud and compliance analysis. Priced at $15,000 to $30,000 for portfolios up to $50MM, with typical turnaround of two to three weeks.
- Acquisition Financing Capital solutions for acquiring portfolios or other companies, supporting strategic growth through M&A activities by Haversine's specialty lender clients.
- Equity Investments Equity investments in promising specialty finance companies to help expand operations and accelerate platform growth.
Quantifiable outcome
- Up to 95% advance rate on eligible factoring advances and ABL loans for senior secured facilities
- +4 more outcomes
Companies that use Haversine Funding
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles4 records
Haversine Funding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Haversine Funding partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- Alterna Capital SolutionscoreAlterna Capital Solutions is a factoring and ABL firm that receives referrals from Haversine's Lead Line platform. Haversine referred a client to Alterna, which assessed, structured, and funded a transaction within two weeks, demonstrating effective co-sell collaboration through the Lead Line network.
- Goodman Capital FinancecoreGoodman Capital Finance received a referral through Haversine's Lead Line for a factoring transaction involving a game developer company. Haversine's Lead Line identified the ideal partner and facilitated a fast close within days, enabling the lender to expand its portfolio.
- 100+ Commercial Lenders (Lead Line Network)coreHaversine works with more than 100 commercial lenders across the U.S. through its Lead Line referral platform. These lenders cover a variety of industries (staffing, distribution, technology, medical, construction), collateral types (accounts receivable, inventory, purchase orders, equipment, real estate), and risk profiles. Haversine matches companies seeking financing with the appropriate lender partner in its network.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Haversine Funding competitors and assessment
Company assessmentDirect peers
- Encina Lender Finance: Encina is a non-bank lender finance provider offering senior and junior credit facilities to factoring, ABL, and specialty finance companies. It is the closest direct competitor to Haversine in borrower profile, facility size, and product mix.
- Velocity Capital Group: Velocity Capital is a non-bank lender finance firm providing senior and mezzanine debt to factors and asset-based lenders. It targets the same specialty finance segment as Haversine with comparable facility sizes.
- SLR Business Credit (formerly Garrison Capital): SLR Business Credit provides asset-based lending and lender finance facilities to middle-market and specialty finance companies. Its lender finance book directly competes with Haversine's senior and junior facilities.
- Gibraltar Business Capital: Gibraltar is a non-bank asset-based lender that also extends lender finance lines to other factors and specialty finance platforms, overlapping with Haversine's client base and product structure.
- WhiteHorse Capital (HPS Investment Partners): WhiteHorse Capital, the lender finance arm of HPS, provides senior and junior facilities to specialty finance companies. It is one of the larger scaled direct competitors to Haversine in the lender finance niche.
- Triumph Business Capital: Triumph provides factoring and asset-based lending with lender finance facilities to transportation and other specialty finance companies. Its transportation factoring overlap makes it a relevant peer to Haversine's transportation-heavy client base.
Broad incumbents
- Wells Fargo Capital Finance: Wells Fargo Capital Finance operates one of the largest traditional bank lender finance and asset-based lending platforms. It overlaps with Haversine on senior facilities but is a much broader incumbent serving larger and more established borrowers.
- MidCap Financial: MidCap Financial is a large specialty finance platform offering asset-based, lender, and structured finance facilities. It competes in adjacent middle-market lender finance segments to Haversine, with broader product breadth and balance sheet.
- Ares Capital Corporation: Ares Capital is one of the largest BDCs/private credit platforms with broad asset-based and direct lending capabilities. While not focused exclusively on lender finance, its scale and willingness to provide senior debt into specialty finance make it a relevant broad incumbent comparable to Haversine's larger competitors.
Regional players
- Heritage Bank of Commerce (Lender Finance Division): Heritage Bank of Commerce operates a dedicated lender finance group providing credit facilities to factors and specialty lenders, primarily in the Western U.S. It competes with Haversine in the small-to-mid-ticket lender finance space but with a regional deposit-funded balance sheet.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Haversine Funding social profiles
Digital presenceHaversine Funding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Haversine Funding leadership team
Management profileNumber of profiles
Profiles12 records
Haversine Funding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Haversine Funding 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 Haversine Funding
What does Haversine Funding do?
Haversine Funding is a specialty commercial finance company that provides capital to specialty lenders rather than to borrowers. Its core offerings are senior and junior secured revolving lines of credit ranging from $1MM to $30MM (advance rates up to 85% senior and 95% junior), a Participation Program for co-funding individual client loans up to $20MM, the Vector platform capital partnership for operators launching new factoring/ABL platforms, the Lead Line referral network connecting SMEs with 100+ commercial lenders, and Portfolio Assessments ($15K–$30K). The firm operates under a California Finance Lenders Law license.
Is Haversine Funding a public or private company?
Haversine Funding is a private company. It is classified as family owned and is currently operating.
When was Haversine Funding founded?
Haversine Funding was founded in 2018. It employs 1 to 10 people.
Where is Haversine Funding based?
Haversine Funding is headquartered in Dallas, United States, in the North America region.
How does Haversine Funding make money?
Three revenue lines are on record. Interest and Fee Income — Lender Finance Lines are the primary driver. The others are participation Program Fees and portfolio Assessment Fees.
Who are Haversine Funding's main competitors?
Direct peers on record are Encina Lender Finance, Velocity Capital Group, SLR Business Credit (formerly Garrison Capital), Gibraltar Business Capital, WhiteHorse Capital (HPS Investment Partners) and Triumph Business Capital. Broad incumbents are Wells Fargo Capital Finance, MidCap Financial and Ares Capital Corporation. Heritage Bank of Commerce (Lender Finance Division) is listed as a regional player.
Does Haversine Funding have an API?
No public API is recorded for Haversine Funding.
What industry is Haversine Funding in?
Haversine Funding's product category is Specialty Finance / Lender Finance. Its primary akta.pro industry code is FSANADAA, Senior Secured Direct Lending. Its NAICS code is 52231 and its SIC code is 6153.