PRESS RELEASE

Conshohocken, PA – December 20, 2024 – Experity Ventures LLC (Experity), a leading, technology-driven specialty finance platform focused on the litigation finance market, is pleased to announce the successful upsize of its revolving credit facility with Capital One from $75 million to $100 million. The facility, rated investment-grade by Kroll Bond Rating Agency (KBRA), enhances Experity’s liquidity and provides additional capacity to support its continued growth and strategic expansion across its portfolio of businesses.

The newly upsized revolving credit facility will provide Experity with increased flexibility to fund ongoing operations, new originations, and future growth initiatives in the pre-settlement and medical funding sectors, helping the company meet the growing demand for its services in the U.S. litigation finance market.

CEO Comments

“The expansion of our credit facility with Capital One reflects both the strength of our business fundamentals and the continued confidence in Experity’s strategy,” said Ryan Silverman, CEO of Experity Ventures. “We’ve built a platform designed to scale, and this facility gives us the capital capacity to deliver on that promise. As demand for our services grows, we remain committed to providing timely, technology-enabled funding solutions that improve outcomes for plaintiffs, providers, and the legal professionals who support them.”

CFO Comments

“The decision to upsize our revolving credit facility from $75 million to $100 million reflects Experity’s continued strong growth and market opportunities,” said Michael Shaw, CFO of Experity Ventures. “This increased facility gives us additional flexibility to fund new originations and further solidifies our capital structure. We are excited about the continued demand for our services and the strategic value this partnership with Capital One brings as we continue to scale our business and create long-term value for our stakeholders.”

Experity’s Growth and Expansion

Since its inception in 2019, Experity Ventures has successfully funded over $500 million to more than 85,000 clients, providing individuals in pending litigation with essential financial resources and healthcare. The company offers pre-settlement funding, medical receivable financing, and other financial services through its subsidiaries, including Nexify Capital, MedSolve Financial Group, and Thrivest Legal Funding.

Experity is positioned for continued success in a rapidly evolving market, and the upsize of this revolving credit facility will support its ongoing efforts to meet the needs of a growing client base while capitalizing on emerging opportunities in the litigation finance sector.