Rivonia backs insurance agency financing platform

Rivonia Road Capital  has provided a $50 million senior secured revolving credit facility to an insurance agency financing platform.

The platform provides upfront funding to independent insurance agencies in exchange for rights to future commissions generated through insurance sales.

The facility will finance the company’s commission advance program and support portfolio growth. The borrower was not disclosed.

Founded in 2017, Rivonia is a Los Angeles-based investment firm focused on non-bank lenders, specialty finance companies and fintech businesses.