TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
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November 17, 2021
Source: Businesswire
LOS ANGELES--(BUSINESS WIRE)--Rivonia Road Capital LLC, a global alternative asset manager, focused on credit for high-growth companies, announced today that it has provided Steno Agency, Inc with $20 million in debt financing, alongside an equity investment in Steno’s most recent fundraise.
Steno is a court reporting agency built by an attorney that pairs innovative technology with a concierge level of service to solve problems attorneys face throughout the litigation process. Steno’s DelayPay product empowers attorneys to defer payment for services rendered until their case resolves.
“Rivonia Road is proud to provide Steno with capital to scale its business and expand services,” Rivonia Road Capital’s Co-Founder and Managing Partner, Brad Smiedt said. “Steno’s efforts to improve remote litigation technology have increased access to justice for individuals unable to appear in person for court proceedings due to health or safety concerns. We are excited to support Steno as they continue to develop a robust platform that improves the litigation process for attorneys across the country.”
Steno has seen exponential growth and more than tripled in size in the past year. The company works with attorneys in California, Florida, New York, Nevada, and Texas and plans to expand to new markets in the coming year.
“Brad and his team at Rivonia Road have experience as investors and business owners. Throughout the process, they served as educators and advisors as we collaborated on this transformational deal,” Steno’s Co-Founder and Chief Executive Officer Greg Hong said. “This investment will strengthen our business and aid in further development of our team, products, and services.”
About Rivonia Road Capital: Rivonia Road Capital is a global alternative asset manager that offers a unique combination of deep institutional investment experience with significant operating expertise in the alternative financing market to provide bespoke capital solutions to growing financial technology companies. Founded in 2017 and headquartered in Los Angeles, the firm has an active debt and equity investment portfolio in the consumer, commercial, and real estate lending markets. For more information, go to www.rivoniaroad.com.
About Steno: Steno was created in 2018 to revolutionize the court reporting industry. Steno developed a new style of deferred litigation financing called DelayPay. Attorneys no longer need to pay in advance for court reporting services, remote depositions, remote bench trials, arbitration, hearings, videography, interpreters, or any litigation support services. Their web-based videoconferencing platform Steno Connect is specifically designed for remote depositions and bench trials and includes everything from built-in exhibit sharing to white-glove technical support. Learn more at steno.com or on social media at @steno_reporters.
Contacts
Rivonia Road Capital LLC
Roberta Benkovic
(424) 419-1693
rbenkovic@rivoniaroad.com
Steno Agency, Inc.
Laura Gonzalez
(213) 441-8355
laura.gonzalez@steno.com
