Portfolio Partner Profile
Community Investment Management LLC ("CIM")
Community Investment Management LLC ("CIM") is an institutional impact investment manager which provides strategic debt capital to demonstrate and scale responsible innovation in lending for underserved communities. CIM seeks to deliver positive social impact by partnering with innovative credit providers offering responsible and transparent financial solutions to underserved communities.
Featured Impact Story
Impact Story
Gynger, a New York-based financing platform
One of CIM’s partners is Gynger, a New York-based financing platform that helps businesses buy software and technology by providing capital loans and flexible payment options. The company's mission is to combine software with capital to enable businesses to scale with the technology that they need and love. The platform enables businesses to pay, finance, and manage all of their technology expenses from one dashboard. For tech vendors, Gynger provides an opportunity to extend flexible payment options to their customers while still getting paid upfront. CIM's facility with Gynger will help the company to scale its financing of technology spend to meet increasing customer demand.
Lovd is one of the many businesses that has benefited from Gynger. Lovd is a marketplace that simplifies the process of selling used tech such as laptops, cell phones and smartwatches. During a time of critical growth, Lovd sought a financing solution that would allow them to access the tools they needed while maintaining capital efficiency. With the help of Gynger financing, Lovd was able to commit to their vendors’ upfront contracts while still spreading out their costs over time. The savings and cash flow benefits allowed the company to focus on building its business instead of over-budgeting for SaaS. Learn more about Lovd's story here.