Depping launches Fox Ridge Capital
Fox Ridge will provide technology, equipment financing to SMBs
Finance industry veteran Tom Depping has launched Fox Ridge Capital, a provider of equipment and technology financing for small and midsize businesses.
Fox Ridge’s platform combines traditional banking capabilities with financial technology to deliver scalable financing aligned with the pace and needs of modern businesses, according to an April 21 company release.
“We are pleased to come to market as a catalyst for success and bring a foundation of innovation and a culture of collaboration that leverages technology and AI without removing our relationship-based approach,” Depping, chief executive of Fox Ridge, stated in the release.
Previously, Depping was executive vice president at Regions Bank, CEO of Ascentium Capital and CEO of Main Street Bank, according to his LinkedIn profile.
Fox Ridge is backed by private equity firm LKCM Headwater Investments, according to the release.
The fourth annual Equipment Finance Connect, a crucial industry event for equipment lenders and dealers, takes place at the C. Baldwin Hotel in Houston May 18-19. Learn more about the event and register here.
