About Direct Capital
Direct Capital is a company based in Portsmouth (United States) founded in 1993 was acquired by CIT in June 2014. Direct Capital has completed 1 acquisition, including Hiway. Direct Capital operates in a competitive market with competitors including Wingspire Capital, TimePayment, AvTech Capital, Innovation Finance and Targeted Lending Co, among others.
- Headquarter Portsmouth, United States
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website directcapital.com
- Social LinkedIn X Facebook
- Acquired by CIT (Jun 2014)
- Legal Name Direct Capital Corp
Investors in Direct Capital
Direct Capital has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CIT.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of commercial equipment financing services | 1908 | cit.com | New York, United States |
Investor details for Direct Capital
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Investments & Acquisitions by Direct Capital
Direct Capital has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hiway.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Hiway is recognized as a carbon neutral pavement specialist in Australasia. | hiway.au | Bayswater North, Australia | 1986 | Feb 2024 | •••• |
Complete acquisition details for Direct Capital
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Competitors of Direct Capital
Direct Capital operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Wingspire Capital, TimePayment, AvTech Capital, Innovation Finance and Targeted Lending Co, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wingspirecapital.com | 2019 | Alpharetta, United States | – | – | Provides customized loans and financing to middle market firms worldwide. | |
| timepayment.com | 1986 | Burlington, United States | – | 237 | Equipment financing is facilitated via an online lending platform. | |
| avtechcapital.com | 2018 | Cottonwood Heights, United States | – | 141 | Equipment financing is facilitated through an online lending platform. | |
| quickfi.com | 2018 | Fairport, United States | – | 15 | Business equipment financing is facilitated via an app-based platform. | |
| targetedlending.com | 2015 | Williamsville, United States | – | – | Equipment financing is provided to small businesses for various needs. | |
| quickspark.com | 2010 | Tempe, United States | – | 48 | Equipment lease-to-own financing is provided to businesses of all sizes. | |
| sacp.com | 2018 | Needham, United States | – | 4 | Asset-based lending platform services are provided to financial clients. | |
| postroadef.com | 2017 | Westport, United States | – | – | Secured loans and leases for essential machinery are provided. |
Detailed competitors of Direct Capital
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Web traffic of Direct Capital
Websites that share an audience with Direct Capital (directcapital.com).
Websites whose visitors overlap most with Direct Capital. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| crestcapital.com | 100% | – | #491,375 | View details |
Latest news on Direct Capital
Complete news archive for Direct Capital
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Similar companies to Direct Capital
10 companies that operate in the same segment as Direct Capital (Alternative Lending), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A peer-to-peer marketplace for business loans is operated and developed. | 2010 | London, England, United Kingdom | USD 372.67 M | USD 299.61 M | 726 | |
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 5,000 | |
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
Financial services are provided, specializing in personal and business loans. | 2016 | Mumbai, Maharashtra, India | USD 349.23 M | USD 106.45 M | 1,749 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | – | – | |
Financial benefits platform for on-demand pay is provided to employees. | 2018 | London, England, United Kingdom | USD 133.02 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 | |
Personal loans and lines of credit are provided by Mogo. | 2008 | Vancouver, British Columbia, Canada | – | USD 49.45 M | – |
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Frequently Asked Questions about Direct Capital
Direct Capital was founded in 1993.
Direct Capital is headquartered in Portsmouth, United States. It is registered at Portsmouth, Virginia, United States.
Direct Capital is a direct lender providing various types of financing up to 1M to small businesses for periods ranging from 30 days to 7 years. The three major offerings are equipment financing and leasing, working capital financing, and franchisee financing. The application can be online or over the phone. As of Apr17, Direct Capital has provided 2.25B financing to 80,000 small businesses from hundreds of different industries. Direct Capital is a division of CIT Bank.
Direct Capital's top competitors include Innovation Finance, Targeted Lending Co and TimePayment.
Direct Capital has made 1 acquisition, including Hiway.
Direct Capital has 1 investor. Key investors include CIT.
Direct Capital operates through Direct Capital Corp.
Yes. Direct Capital was acquired by CIT in June 2014.