Ironhorse Funding Surpasses $200 Million in Assets Under Management
BEVERLY, MA – Ironhorse Funding LLC today announced that is has surpassed $200 million in assets under management (AUM), representing a 53% increase year over year. In the last twelve months the company has experienced rapid expansion and growth.
In May 2022, Ironhorse Funding replaced its sub- and non-prime motorcycle indirect programs with full-credit spectrum financing solutions for its dealer partners. It has since expanded into new markets and today offers indirect and direct-to-consumer financing and refinancing for motorcycles, powersports, and Recreational Vehicles (RVs).
The company has increased originations in the first quarter of 2023 by 40% year over year and in the same time has nearly doubled the number of dealers in its network with plans for continued expansion this quarter.
Ironhorse Funding Chief Executive Office Jon Krumdick said, “Market volatility added an unforeseen level of complexity in the last year. Achieving this milestone demonstrates our team’s commitment to success. I’m grateful for the ability to collaborate with the Ironhorse Funding leadership team and the ongoing support of our clients, customers, investors, and Board. We have a number of other exciting announcements that I look forward to sharing in the coming months.”
Later this quarter, the company intends to launch another program expansion as well as technology updates that will significantly advance its current direct-to-consumer offerings.
Ironhorse Funding’s vision is to be the leading provider of innovative, full-spectrum finance solutions to enthusiasts and dealers in the powersports segment.