LuminArx, Bridge launch $500m AI-powered supplier finance partnership

By Puja Sharma

Pairs LuminArx’s capital with Bridge’s AI-driven underwriting to finance production for CPG brands and retail suppliers filling purchase orders for major retailers. Partnership designed to offer suppliers fast, transparent production capital to fund orders for major retailers including Walmart, Sam’s Club and Best Buy

LuminArx Capital Management (“LuminArx”), a global alternative investment manager, and Bridge (“Bridge”), an AI-powered lending platform, have announced a partnership to provide $500 million in financing to CPG brands and retail suppliers that fulfil orders for some of America’s largest retailers.

Walmart works with Bridge to give its supplier community access to affordable capital when they need it most, helping suppliers fund inventory and fulfil orders. Vedder acted as legal counsel to LuminArx. KingsRock Advisors, LLC advised in connection with the transaction.

The partnership pairs LuminArx’s creative and strategic capital with Bridge’s AI-driven underwriting and origination channels across major retail ecosystems.

“We are pleased to partner with Bridge to support retail suppliers with flexible capital solutions for production and inventory needs,” said Andrew Fitch, Managing Director at LuminArx. “Bridge’s artificial intelligence capabilities and extensive network of industry relationships complements LuminArx’s structuring expertise and strategic capital. Together, we look forward to scaling a financing solution designed to meet the needs of retail suppliers and their buyers.”

“The demand from suppliers selling into the country’s largest retailers has consistently outpaced the capital available to fund it,” said Rohit Mathur, CEO and Co-Founder of Bridge. “LuminArx shares our conviction in this market and brings the scale and sophistication to meet that demand. By collaborating closely with them over the past six months, we believe we will now be able to provide fast and efficient capital to suppliers.”