SALT LAKE CITY--(BUSINESS WIRE)--Crewe Capital is pleased to announce their involvement in aiding fintech company APiO in raising a significant round of funding. Running stealth to date and founded in 2016 in Utah’s Silicon Slopes, APiO leverages direct integration with first- and third-party data, AI and machine learning (ML) to create a totally new working capital solution for small- to medium-sized businesses (SMBs) worldwide.
Crewe Capital, an independent investment banking, securities, and mergers and acquisitions firm, raised the capital and advised APiO throughout the transaction. “What’s happening with artificial intelligence and blockchain technology is exciting. We believe APiO has what it takes to transform the business landscape,” said Crewe Capital Managing Director Michael Lunt.
“According to the World Bank, there are over 365 million small- to medium-sized businesses around the globe, and most of these firms struggle on a regular basis with cash flow,” said William Borghetti, APiO Founder and CEO. “In fact, one recent study suggests that seven out of 10 small businesses fail even though they are profitable on an accrual basis. One ‘obvious’ recourse for these enterprises is to turn to banks for short-term loans. But here in the U.S., it takes 33 hours on average for an entrepreneur to apply for a single bank loan, and only one in 10 qualifies for such loans. The bottom line is that short-term capital options for SMBs are very limited in the U.S., and we at APiO plan to change that.”
“Crewe Capital brought two key benefits to the table,” continued Borghetti. “First, they possess a nuanced understanding of the mechanics of our business, and second, they raised the capital through deep relationships. Their expertise and participation made the process efficient and allowed me to stay focused on my business."
With the addition of new investors who add extensive experience in artificial intelligence (AI), alternative payments, blockchain and other emerging fintech technologies, APiO is well-positioned to transform the way companies are being financed.
About Crewe Capital
Crewe Capital, LLC is an independent investment banking, securities, and mergers and acquisitions firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, and family offices.
The firm is headquartered in Salt Lake City with offices in New York City and Denver. Crewe Capital, LLC member FINRA/SIPC. For more information about Crewe Capital visit crewecapital.com.
APiO is a Daffinity Technologies portfolio company that leverages the proprietary SecureSync data integration and translation technology. Organizations interested in learning more about APiO should visit: apio.tech.