Credibly Secures $260M+ in New Financing as Its SMB Capital Markets Strategy Takes Shape

Credibly Secures $260M

Credibly is adding more fuel to its small business financing platform.

The company announced that it secured more than $260 million in new financing, including a new asset-backed securitization and the refinancing of existing warehouse and mezzanine facilities with Truist Bank and Medalist Partners. Truist Securities served as the sole structuring agent and bookrunner for the securitization, with Brean Capital as co-manager.

The simple way of putting it is that Credibly now has more capital capacity behind its platform. That matters because small business finance is not just about finding merchants or approving applications. It is also about having reliable capital available to fund qualified businesses quickly and consistently.

Credibly said the financing will support continued growth in 2026 and beyond. The company also noted that it has provided more than $3 billion in capital to over 61,000 small businesses since its inception.

Why This Matters

This announcement is important on its own, but it becomes more interesting when viewed alongside Credibly’s recent partnership with Figure.

Earlier this month, Figure announced a strategic partnership with Credibly to bring SMB loans and revenue-based financing products onto Figure’s blockchain-native capital markets ecosystem. Figure said the partnership is designed to help modernize SMB capital markets through infrastructure that can support warehouse financing, whole-loan sales, securitization, registry functions, and tokenization.

That means Credibly is making moves on two fronts.

First, the company is strengthening its traditional capital stack with securitization and refinanced facilities. Second, through Figure, Credibly is connecting to a newer capital markets model that could make SMB finance assets easier to fund, sell, track, or distribute over time.

In plain English, the $260 million financing gives Credibly more room to fund businesses now. The Figure partnership may help create more efficient infrastructure for how those funding assets are handled behind the scenes.

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The Bigger Industry Signal

The timing says a lot about where SMB finance is heading.

For years, alternative business finance has been heavily focused on speed: faster applications, faster approvals, faster funding. That still matters. But the next stage of competition may be more about capital access and infrastructure.

Funders that can secure dependable warehouse lines, complete securitizations, attract institutional investors, and connect to modern asset marketplaces may have a major advantage. They are not just competing on underwriting or sales volume. They are competing on the strength of the machine behind the funding.

There is also strong demand for non-bank small business financing. According to the Federal Reserve’s 2026 Report on Employer Firms, 60% of firms applied for financing in the 12 months before the survey, and among businesses that applied for loans, lines of credit, or cash advances, the share that sought financing from online fintech lenders rose from 17% in the 2020 survey to 29% in the 2025 survey.

That trend helps explain why Credibly’s announcement matters. Small businesses continue to look for working capital, and online finance providers need scalable capital sources to meet that demand.

How It Ties Back to Figure

The Figure partnership should not be seen as a separate blockchain headline. It fits into the same capital markets story.

Credibly originates SMB loans and revenue-based financing. Figure brings blockchain-native infrastructure that may help with financing, sales, securitization, and asset registry functions. The borrower may never see any of that on the front end, but the back end could become more efficient if the infrastructure works as intended.

This is why the partnership is unique. It is not about crypto replacing lending. It is about using blockchain rails to modernize how real-world SMB credit assets move through capital markets.

Final Takeway

For funders, brokers, and investors, that is the key takeaway. Credibly is not just announcing more money. It is showing a broader strategy around capital capacity, institutional financing, and future-ready infrastructure.