Jersey City-based fintech buys N.Y. financing company

Revenued, a Jersey City-based fintech company, has acquired Sky Bridge Business Funding, a New York-based small business financing company, it announced recently.

Revenued said the deal will further grow its efforts to provide small businesses with the tools and solutions they need.

“Revenued has established itself as a leading provider of financial technology, most recently providing the application platform to process over $1.45 billion in Paycheck Protection Program loans through Cross River Bank,” CEO Sol Lax said in a prepared statement. “Now, with the acquisition of Sky Bridge Business Funding, Revenued will also be able to provide a direct financial solution for businesses in need.”

Added Senior Vice President of Sales Jake Lerner: “We’re excited for this opportunity and intend this to be one step in the right direction as we plan to launch a business credit card under the Revenued brand later this year.”