Thrive Financial Announces $150 Million Asset Purchase Facility With Medalist Partners
The facility adds committed capital to Thrive's funding base and diversifies its sources of loan purchase capacity. We
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The facility adds committed capital to Thrive’s funding base and diversifies its sources of loan purchase capacity.
NEW YORK, NY, UNITED STATES, October 19, 2026 /EINPresswire.com/ — Thrive Financial Inc. (“Thrive”), a Virginia based technology platform for point of sale financing of home improvement projects, connecting homeowners, merchants, and lenders nationally, today announced that it has closed an asset purchase facility with Medalist Partners (“Medalist”), a New York based alternative credit manager specializing in structured credit and asset-based lending. Under the agreement, Medalist has committed to purchase up to $150 million of home improvement loans originated by Thrive.
The facility adds committed capital to Thrive’s funding base and diversifies its sources of loan purchase capacity. It allows the company to broaden participation across its merchant network and to offer homeowners financing on competitive terms as demand for home improvement projects continues to grow.
“We are excited to partner with Medalist Partners as we increase our ability to support homeowners and provide unique access to our financial partners,” said Jasjeev Sawhney, Chief Executive Officer, Thrive Financial. “Medalist shares our vision on what solutions our homeowners and merchants deserve, and brings deep expertise in the industry. We look forward to building new and innovative solutions centered around relationships that better connect our merchants, homeowners and capital partners.”
“Home improvement lending sits at the intersection of two trends we have underwritten for years: homeowners staying in place longer, and the migration of consumer credit origination to specialized technology platforms,” said Dan Kosinski, ABS Sector Manager at Medalist Partners. “Thrive has built a merchant network and underwriting process that produce consistent, well documented collateral. This forward flow commitment allows us to build a portfolio alongside a partner whose origination discipline matches our own, and to support borrowers who are investing in their homes.”
About Medalist Partners
Medalist Partners is a New York based alternative credit manager with approximately $3.0 billion in assets under management focused on structured credit and asset-based private credit.
About Thrive
Thrive is the modern technology platform to connect merchants, consumers and financial institutions in creating deep and lasting relationships. Thrive provides home improvement merchants seamless access to a full spectrum product suite via Thrive’s partner banks; and pairs industry leading approval rates with deep analytics, risk management, and white glove servicing. By partnering with innovative financing providers, Thrive helps democratize access to credit for homeowners and helps merchants grow their business. For more information, visit www.partnerwiththrive.com.
Contact
Jack Anderson
Thrive Financial, Inc.
Media@partnerwiththrive.com
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