Exponent has raised $40 Million in new funding
According to filings with the U.S. Securities and Exchange Commission, Exponent has raised $40 Million in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
Investors in the company’s current round of funding include: Chailease, Era, and Inauguration Capital
About Exponent
Exponent is the financial operating system for America’s franchise economy. Built specifically for multi-location franchise operators the segment that runs more than half of the country’s 845,000 franchised units Exponent integrates expansion and acquisition lending, a corporate charge card with embedded microfinance, and an AI-powered accounting suite into a single platform. Exponent serves more than 100 multi-unit operators representing over 10,000 locations, across brands spanning QSR, casual dining, automotive services, personal care, and specialty recreation. Exponent was founded and seeded by Era and is led by CEO Sohel Roopani, a former Visa and Stripe executive with more than a decade of experience building payments and credit infrastructure for the financial ecosystem. The company is headquartered in New York City and is backed by Era, Chailease, Inauguration Capital, Jovian Capital Management, K8 Capital, HAZA Foods, Chunara Group, NBA forward Kyle Kuzma, and other leading global investors and operators.
To learn more, visit https://exponentfi.com/
Linkedin: https://www.linkedin.com/company/exponentfi/
Contact:
Sohel Roopani, Chief Executive Officer
https://www.linkedin.com/in/sohelroopani/
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