Overview
Founded in 2017 and based in Malibu, CA – NexGen provides capital to debt settlement businesses by purchasing the rights to settlement fees of the firm’s existing portfolio of enrolled debt
Expansive Network | NexGen, led by a management team with decades of experience and industry expertise, has secured 11 partnership agreements and a robust pipeline of potential new partners
Favorable Industry Tailwinds | Credit card debt levels have begun to rapidly build, increasing by over $100 billion during the twelve month period ending Jun-22
History
Management’s vision and creative, partner-centric approach have resulted in an impressive track record of growth as a pioneering capital provider to the debt settlement industry
2024
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Upsized existing credit facility
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Raised new minority equity
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Onboarded two new partners to the NexGen partner network
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Hired Sajid Bhimani as CRO and hired a data scientist
Leadership
NexGen Financial was founded in 2017 with a single mission: to provide creative capital solutions to the debt settlement industry. We approach each of our partners with fresh eyes and develop custom-made strategies. Though we’ve grown significantly since our establishment, our mission has remained unchanged.
