StageUnattributed VC | Alive
Last Raised$34.8M | 5 mos ago
Acrecent is a financial services company that helps businesses of all sizes in Puerto Rico and the Caribbean solve short-term liquidity and long-term capital needs, whether it is by financing or leasing equipment or facilitating factoring of accounts receivable. It primarily caters to education, transportation, energy, telecommunication, construction, manufacturing and distribution, and other sectors. The company was founded in 2003 and is based in Guaynabo, Puerto Rico.
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Latest Acrecent News
Nov 15, 2022
Madison Capital Adds Experienced Finance Professional Hernández November 15, 2022, 07:22 AM Jackie Hernández has joined Madison Capital , headquartered in Owings Mills, MD, as VP Business Development. With over 20 years of experience in the financial industry, Hernández will be responsible for driving business development in Puerto Rico focusing on vendor and direct channels. “Jackie’s impressive credentials and wealth of experience make her an excellent fit for our growing company - she brings tremendous depth and breadth of experience in finance which will only help us continue scaling while maintaining our high standards for operational efficiency and excellence," said President Nancy Pistorio. Prior to joining Madison Capital, Hernández led the referral program and managed all business relationships including pre-credit analysis, closing and servicing of commercial financing transactions for Acrecent Financial Corporation and subsequently worked for the past several years in business development. Her background also includes the position of Operations Supervisor for Commercial Equipment Finance and Client Operations & Asset Management, at GE Capital Corporation. All were based in San Juan, Puerto Rico. Hernández is a driven professional who is excited to help Madison Capital grow and succeed. "I am thrilled to join the team at Madison Capital," said Hernández. "The company has a strong reputation in the industry, and I look forward to contributing to its success." Madison Capital is one of the longest running continuously operating independents in the equipment and vehicle finance industry, with more than 40 years of experience. The firm considers itself a “specialty” finance company and prides itself on financing unusual equipment types as well as its ability to embrace technology on a dime. Madison Capital’s seasoned team uses technology and experience to get both typical and unique deals done as efficiently as possible.
Acrecent Frequently Asked Questions (FAQ)
When was Acrecent founded?
Acrecent was founded in 2003.
Where is Acrecent's headquarters?
Acrecent's headquarters is located at Metro Office Park, St. 1 Lot 18, Guaynabo.
What is Acrecent's latest funding round?
Acrecent's latest funding round is Unattributed VC.
How much did Acrecent raise?
Acrecent raised a total of $34.8M.
Who are the investors of Acrecent?
Investors of Acrecent include Community Development Venture Capital Alliance, Calvert Impact Capital, Blue Earth Capital, Ceniarth and Darby Overseas Investments.
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