EXTON, PA — Bedrock Servicing, Inc., a commercial loan servicing company designed for the private credit market, has successfully completed a $2.5 million private placement of Class A preferred stock. The capital raise is set to accelerate the company’s growth initiatives while enhancing its cutting-edge technology platform and tailored loan servicing solutions.
Hernan Hernandez, CEO of Bedrock Servicing, emphasized the importance of the funding, stating, “This capital raise reflects our continued commitment to support our clients, enhance our industry-leading, bespoke technology platform, and supercharge our growth objectives.”
Strengthening Industry Partnerships
The funding also solidifies Bedrock’s strategic partnership with AFS, a long-established leader in banking technology. Rick Bare, AFS CEO and President, noted, “Our collaboration with Bedrock underscores our shared mission to foster innovation and deliver exceptional loan servicing solutions tailored for the private credit market. Together, we aim to enhance efficiency and elevate customer satisfaction in this dynamic sector.”
A Focus on Private Credit
Bedrock Servicing specializes in managing complex private commercial credit through its advanced, purpose-built loan servicing platform. Combining proactive asset management, state-of-the-art technology, and personalized customer experiences, the company addresses the unique needs of the fast-growing private credit market.
Key Takeaways
The $2.5 million capital infusion positions Bedrock to strengthen its industry presence and further disrupt the private credit loan servicing space. By leveraging its partnership with AFS, the company is primed to deliver innovative, reliable solutions to its expanding client base.
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