Bonside, a New York City-based fintech that provides financial underwriting and funding to brick-and-mortar businesses, announced a strategic partnership with the real estate investment trust Kimco Realty and the global investment manager Nuveen Real Estate.
In this partnership, Kimco and Nuveen made equity investments in Bonside and will be among the first users of the company’s new proprietary underwriting product, the Bonside Scorecard, which is designed to help commercial landlords determine the creditworthiness and risk of new and existing non-credit retail tenants.
“This partnership marks a major milestone in Bonside’s growth and furthers its mission to define, and service, the brick-and-mortar economy,” said Bonside in a press statement. “Since launching in 2023, Bonside has funded 37 deals and has $25 million in assets under management. Their flexible financing model, The Repeatable Revenue Agreement (RRA), gives businesses the opportunity to scale without giving up equity or entering debt, all powered by Bonside’s proprietary underwriting platform.”
