Concord, a provider of credit administration servicing and software for specialty finance markets, has announced its acquisition of Finley Technologies, a San Francisco-based company specializing in credit facility management software for banks, asset managers, and corporate borrowers. This acquisition integrates Finley’s Credit Management System into Concord’s existing capital markets administration offering, enhancing its proprietary technology base.
The acquisition follows Concord’s recent unification of its consumer and commercial operations under a single brand identity. The company’s strategy involves developing and owning its technology rather than relying on third-party solutions. The integration of Finley Technologies is designed to bolster this approach, solidifying Concord’s position as a central hub for credit administration.
Dhruv Vakharia, Chief Executive Officer of Concord, stated, “Our clients require a partner that provides both the technology and the operational support. With Finley, we are adding purpose-built software for credit facility management, borrowing base automation, portfolio analytics, and investor reporting to our current servicing capabilities. This enables us to offer a unified solution with proprietary technology across the entire lifecycle.”
Finley’s Credit Management System digitizes credit agreements and automates post-origination operational tasks. The software is used to manage billions of dollars in debt capital across various financial instruments, including credit facilities, warehouse lines, and syndicated loans. It integrates with origination systems, bank accounts, and sub-ledgers to deliver real-time insights into borrowing capacity, covenant compliance, and portfolio performance.
Concord’s expanded capital markets offering now encompasses backup servicing, collateral management, custodial services, credit facility administration, borrowing base automation, covenant monitoring, portfolio analytics, calculation agent services, verification agent services, and investor reporting. The combined team plans to integrate Finley’s software into Concord’s servicing operations to deliver a single capital markets solution.
Jeremy Tsui, Founder and CEO of Finley Technologies, commented, “We developed Finley to serve as the system of record for credit agreements and an automation layer for post-origination processes. Concord offers the servicing scale, investor relationships, and operational depth necessary for our software to achieve its full potential. Joining Concord provides a broader foundation for our clients and our technology.”
As part of the acquisition, Jeremy Tsui will join Concord as Managing Director, Capital Markets. Tsui co-founded Finley in 2020. Prior to Finley, he was an investor in Goldman Sachs’ Merchant Banking Division, where he focused on software and structured investments. He began his career at Oliver Wyman, specializing in financial risk modeling for major banks. Tsui holds a Bachelor of Business Administration from The University of Texas at Austin.
Concord CEO Dhruv Vakharia added, “Jeremy and his team possess a deep understanding of capital markets operations from both a technology and transactional perspective. This insight is crucial as we continue to expand our software and servicing capabilities.”
Concord provides credit administration servicing and software for originators, lenders, and institutional investors in consumer and commercial specialty finance. Headquartered in Scottsdale, Arizona, the company administers over $60 billion in assets and supports more than 5 million accounts. Concord is backed by GTCR, a private equity firm.
Finley Technologies, founded in 2020 and headquartered in San Francisco, specializes in credit facility management software for financial institutions and corporate borrowers. Its Credit Management System automates borrowing base calculations, covenant compliance monitoring, portfolio analytics, investor reporting, and credit agreement administration.
