https://techcrunch.com/2023/01/31/finley-debt-capital-software-series-a/

As venture capital investments slowed down in 2022, some startups turned to private credit, including debt capital, as a way to supplement their operations in the meantime. However, the policies and procedures paperwork that goes with these deals aren’t always easy to understand.

Finley CEO Jeremy Tsui told TechCrunch that private credit is a $1.2 trillion industry and accounts for 90% of all corporate debt in the middle-market. However, while working in debt capital at Goldman Sachs, he witnessed two things: private credit, or lending by non-bank parties, filling the gap for banks making fewer corporate loans, and then companies finding it challenging to understand the hundreds of pages in their agreements.