Kalamata.com Boosts 2024 Securitization by 25% with Strong Growth via Innovative Tech
Kalamata.com LLC, an industry leader in providing online funding solutions for small businesses, has announced a significant upsize of its Series 2024-1 securitization. This increase by 25%, confirmed on July 23, 2025, follows an earlier issuance that closed on April 9, 2024. The updated total can reach up to $500 million, marking a major milestone for the company and its innovative technology platform.
The decision to increase funding capacity represents not only an expansion into new product areas but also an acknowledgment of Kalamata's solid performance during the transaction marketing phase. As a firm committed to supporting small to medium-sized enterprises, Kalamata recognizes that access to capital is crucial, especially as rising costs and tightening economic policies make financing harder to acquire.
For over a decade, Kalamata has tirelessly provided capital to numerous entrepreneurs and small business owners, enabling them to grow, create jobs, and strengthen their communities. The new infusion of capital will enhance their technological investments, positioning the company as a significant player in the alternative finance sector.
Steven Mandis, the Founder and Chairman of Kalamata, noted that the swift utilization of the initial $80 million capital draw within a short timeframe attests to the effectiveness of their technology investments and management efficiency. He emphasizes that the additional funds available through the $20 million increase reflect the ongoing demand for Kalamata’s offerings, benefiting both merchants and brokers.
Brandon Laks, Co-President of Kalamata, further elaborated on how the initial transaction paved the way for a better competitive stance in attracting both merchant and broker partners. The launch of their proprietary system, "Kalamata Cash," in August 2024 is an example of their commitment to providing what businesses need: faster and more secure technology solutions. This tech-forward approach has led to increased engagement and improved relationships with broker partners, making it easier for them to navigate the financial landscape.
With the backing of Guggenheim Securities, which served as both the sole structuring advisor and initial purchaser of the notes, Kalamata is well-positioned to continue supporting small businesses in their quest for necessary funding. Eversheds Sutherland provided legal oversight for the expansion, helping to ensure a smooth transition into this new phase.
Kalamata’s approach combines cutting-edge technology, data analytics, and a wealth of industry experience. Its mission is straightforward: to deliver fast, easy, and reliable online financing solutions tailored to the needs of small- and medium-sized businesses nationwide. With a capacity to approve loans of up to $500,000 almost instantly, Kalamata aims to empower entrepreneurs and help their businesses thrive.
Founded by Mandis, who previously owned Rapid Financial Services, Kalamata was established with the intention of bridging the financing gap that many small businesses face. Named after the region in Greece where his family has roots, the company’s ethos is steeped in community support and growth. As Kalamata continues to evolve and expand its offerings, it remains dedicated to its foundational goal of facilitating job creation and economic development through accessible financing solutions.
The decision to increase funding capacity represents not only an expansion into new product areas but also an acknowledgment of Kalamata's solid performance during the transaction marketing phase. As a firm committed to supporting small to medium-sized enterprises, Kalamata recognizes that access to capital is crucial, especially as rising costs and tightening economic policies make financing harder to acquire.
For over a decade, Kalamata has tirelessly provided capital to numerous entrepreneurs and small business owners, enabling them to grow, create jobs, and strengthen their communities. The new infusion of capital will enhance their technological investments, positioning the company as a significant player in the alternative finance sector.
Steven Mandis, the Founder and Chairman of Kalamata, noted that the swift utilization of the initial $80 million capital draw within a short timeframe attests to the effectiveness of their technology investments and management efficiency. He emphasizes that the additional funds available through the $20 million increase reflect the ongoing demand for Kalamata’s offerings, benefiting both merchants and brokers.
Brandon Laks, Co-President of Kalamata, further elaborated on how the initial transaction paved the way for a better competitive stance in attracting both merchant and broker partners. The launch of their proprietary system, "Kalamata Cash," in August 2024 is an example of their commitment to providing what businesses need: faster and more secure technology solutions. This tech-forward approach has led to increased engagement and improved relationships with broker partners, making it easier for them to navigate the financial landscape.
With the backing of Guggenheim Securities, which served as both the sole structuring advisor and initial purchaser of the notes, Kalamata is well-positioned to continue supporting small businesses in their quest for necessary funding. Eversheds Sutherland provided legal oversight for the expansion, helping to ensure a smooth transition into this new phase.
Kalamata’s approach combines cutting-edge technology, data analytics, and a wealth of industry experience. Its mission is straightforward: to deliver fast, easy, and reliable online financing solutions tailored to the needs of small- and medium-sized businesses nationwide. With a capacity to approve loans of up to $500,000 almost instantly, Kalamata aims to empower entrepreneurs and help their businesses thrive.
Founded by Mandis, who previously owned Rapid Financial Services, Kalamata was established with the intention of bridging the financing gap that many small businesses face. Named after the region in Greece where his family has roots, the company’s ethos is steeped in community support and growth. As Kalamata continues to evolve and expand its offerings, it remains dedicated to its foundational goal of facilitating job creation and economic development through accessible financing solutions.
Topics Financial Services & Investing）
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