Hum Capital Reviews and History

Hum Capital offers a wide range of capital options for many different business models:

Sample terms	Supported/Public Version (Hum Capital)	Public Source Link
Origination Fee: 1-3%	Origination fee is typical in facility	Source
Monthly “Monitor Fee”	Described as a collateral monitoring fee, typical—% not specified	Source
Financial Covenants: Revenue, EBITDA, Liquidity, deferred revenue.	Covenant types mentioned: minimum liquidity, tangible net current assets, consolidated leverage, debt service coverage	Source
Lien (First lien, all company IP/property)	Not explicitly stated; general structures noted but lien priority not detailed in this doc	Source
Personal Guaranty: Limited Recourse	Not addressed in the PDF	Source
Prepayment Penalty	Prepayment fee mentioned as “typical” for certain loan types	Source
Legal Fees: $7,500	Not specified or mentioned	Source

7 Questions Any CFO Should Ask Hum Capital:

Actual Interest Rate: What is the effective, all in APR of Hum’s offer including all origination fees, monitoring fees, legal fees, and daily/monthly payments?
All Asset Lien on your IP: Why does Hum ask for an all asset lien if its only factoring my customer contracts (revenue based financing)?
Track Record: How much capital has Hum capital actually wired to founders (not committed, but wired)?
Relationship: If Hum doesn’t do my loan directly, who are you selling my loan to? How do I contact those people if I need to edit my loan in the future?
Your Data: How is Hum using my data to power its SaaS intelligence platform it’s selling to third parties?
Legal Fees: Does Hum require me to cover its legal fees? If so, how much?
Personal Guarantee: How strict is Hum’s personal guarantee requirement for bad boy acts? Can Hum come after my house if I’m late on a payment?

Hum Capital Funding and Growth

Here’s a quick overview of Hum Capital:

Founded: 2019 (as “Capital”); rebranded to Hum Capital in 2021 (with ICM launch). (Hum Capital)
Series A: $9M (Aug 2021) first close; $21M total after second close (Nov 2021) with Invesco and Cowen added. (PR Newswire, Venture Capital Journal)
Platform scale at launch: 2,000 companies, 250+ investors (June 2021). (PR Newswire)
2021 wrap: ~40 companies, $500M+ in capital commitments facilitated. (CMO interview; third-party site.) (Fintech Marketing Hub)
2022: $4B+ ICM debt originations; ~600 ICM debt originations; 400+ active ICM debt investors. (PR Newswire)
By Feb 2023: $600M+ capital commitments facilitated since ICM launch (Hum PR and coverage). (PR Newswire, SiliconANGLE)
2025: $200M debt facility (Synovus + InterVest) for Hum’s own lending; H1 2025: an enterprise SaaS deal inked and an Automated Investment Memo in testing. (Hum Capital)

On the # of deals specifically, the “~600 ICM Debt originations in 2022” line in Hum’s Year in Review is the most concrete public “deal count” figure available. If you are preparing slides, reproduce Hum’s exact phrasing and link to the Year in Review. (PR Newswire)

Hum Capital Launch

Hum Capital positions itself as a funding platform that connects growing companies with the “right capital” across a range of non-dilutive options. In its own language, Hum’s “Intelligent Marketplace” applies data and software to match operating businesses with institutional lenders and investors—and, more recently, to lend from Hum’s own balance sheet via a captive fund. The company’s public-facing site frames the mission in inclusive, efficiency-driven terms: equitable access, faster workflows, and transparency for companies that need $1–50 million in growth financing. (Hum Capital)

Hum began life under a different name, attracted a high-profile roster of backers, weathered the post-2021 capital cycle, retooled leadership, added a broker-dealer, stood up a captive lending strategy, and continued to publish case studies for small-to-lower-middle-market financings even during choppy markets.

Origins (2019–2021): The Hum Capital Intelligent Capital Market

Hum’s own corporate timeline starts in October 2019, when the company launched as Capital Technology Solutions (often shortened simply to “Capital”) with a $5 million seed round. Eight months later, in June 2020, it added a further $9 million “Seed 2” to continue building its data platform. In June 2021, Capital rebranded as Hum Capital and formally introduced the Intelligent Capital Market (ICM)—a software layer designed to pair operating data from companies with the underwriting needs of private-credit investors and other funders. (Hum Capital, PR Newswire)

At launch, Hum claimed the ICM already served “2,000 companies and 250+ investors,” a claim repeated in its own news releases and third-party write-ups. (PR Newswire)

Founding team and early leadership. The core founding trio comprises:

Blair Silverberg (co-founder; originally CEO; now Head of Advanced Analytics), a former principal investor at Draper Fisher Jurvetson with a product-design background from Stanford. (Hum Capital)
Chris Olivares (co-founder and CTO), previously founding engineer at ClassDojo. (Hum Capital)
Csaba Konkoly (co-founder; Strategic Advisor), an alternatives investor who led Hum’s investment team in the early years. (Hum Capital)

Series A: two closes, notable investors, and an expanded scope

Hum announced a $9 million Series A in August 2021, led by Future Ventures (Steve Jurvetson), with participation from Webb Investment Network, Wavemaker Partners, and Partech. (PR Newswire, Partech, Hum Capital)
By November 2021, Hum completed a second close that lifted the round to $21 million, adding strategic investors Invesco Private Capital and an affiliate of Cowen and Company (Larry Wieseneck joined Hum’s board). In the same announcement, Hum said the ICM was expanding to facilitate equity fundraises in addition to debt. (PR Newswire, Hum Capital, Venture Capital Journal)

This two-step Series A matters for two reasons. First, it clarified that Hum’s vision was not limited to marketplace introductions—the company intended to bring equity and debt workflows into the same data-driven environment. Second, adding Cowen (now TD Cowen) and Invesco signaled meaningful buy-in from institutions with private-markets reach. (PR Newswire)

Product & platform: what Hum actually offers

Hum’s public materials describe two intertwined offerings:

The Intelligent Marketplace / ICM (software + marketplace): The platform ingests a company’s financial data, benchmarks performance, and matches that profile to institutional lenders and investors. Hum emphasizes a faster, more data-rich fundraising process; early stats touted closing processes “50% faster” for companies that connected their systems. (PR Newswire)
Hum Financial (captive balance sheet / private credit): In addition to marketplace introductions, Hum now provides debt capital directly from its own balance sheet, enabled by committed facilities with banks and specialty credit partners. The company details two paths: “access debt capital directly from our captive fund” or “access debt capital from the market including our captive fund,” with Hum’s team advising through meetings, term sheet evaluation, and diligence. (Hum Capital)

Hum also operates a registered broker-dealer, ICM Capital Markets, LLC (Member FINRA/SIPC), to intermediate securities where appropriate—another piece of infrastructure that supports both marketplace and lending activities. Hum links to its BrokerCheck profile from disclosures. (Hum Capital, BrokerCheck)

Feature releases. Beyond the ICM, Hum introduced “SmartRaise” in February 2023, pitched as a workflow that expedites financing by formalizing data intake and lender matching. At that time, Hum said the ICM had helped companies secure “more than $600 million in capital commitments” since launch. Its not clear how many of these commitments were actually funded. (PR Newswire, SiliconANGLE)

Leadership changes and key hires

Startups evolve with markets—and Hum’s leadership has shifted in line with a pivot from a pure marketplace into a tech-enabled private-credit platform with a regulated broker-dealer and significant balance-sheet capacity.

October 2024: Andrew Eisen becomes CEO, bringing two decades of software/data leadership experience from S&P Global and IHS Markit. (Hum Capital)
April 2025: Stephen Isaacs joins as President to shape operations and growth, following a long career building middle-market sponsor finance businesses at BMO, Merrill Lynch Capital, and Heller Financial. In the same series of updates, Hum announced that Blair Silverberg (founder, formerly CEO) moved into a newly created role as Head of Advanced Analytics while remaining on the board. (Hum Capital)
The Our Team page reflects this new structure: Eisen as CEO, Isaacs as President, Chris Olivares continuing as CTO, John Slater as Head of Hum Financial & CIO, Steve Lim as CFO, and a growing roster across Capital Markets, Legal/Compliance, and R&D. (Hum Capital)

These changes map onto Hum’s balance-sheet expansion and institutionalization: adding a CEO with enterprise data pedigree and a President seasoned in sponsor finance underscores an emphasis on underwriting discipline and scalable credit operations, not just matchmaking.

Corporate financing: equity, facilities, and scale

Hum’s corporate capital stack combines venture equity and institutional debt:

Equity financing: Seed (2019) and Seed 2 (2020) preceded the Series A (2021) in two closes—$9M first close (Future Ventures et al.), then $21M total after adding Invesco and Cowen. (Hum Capital, PR Newswire)
Debt financing for Hum’s platform/lending: In April 2025, Hum closed a $200 million debt facility with Synovus Bank (Structured Lending) and InterVest Capital Partners to scale its small-business and lower-middle-market lending. A mid-year update reiterated the two-tranche structure (one tranche from a leading commercial bank, one from a specialty credit fund). (Hum Capital)

Hum’s own 2022 Year in Review provided an earlier window into scale and throughput:

Hum does not publicly disclose how much capital it has actually wired. Instead, they focus on “commitments”
$4B+ in ICM debt originations during 2022;
roughly 600 ICM debt originations in 2022;
400+ active ICM debt investors; and
multi-X increases in term sheets signed and deals closed vs. 2021.
These are platform-level throughput figures (i.e., originations facilitated across the marketplace), published by Hum itself. (PR Newswire)

Products in practice: what types of funding flow through Hum?

Hum’s site describes multiple types of funding available via its marketplace and captive program, including lines of credit, term loans, equipment financing (e.g., sale-leaseback), revenue-based financing, and sponsor-oriented private credit. Case studies published in 2024–2025 illustrate the diversity:

Ridepanda: a $3.8 million sale-leaseback facility with an equipment financing partner through the ICM. (Hum Capital)
Gryphon (AI-enabled cybersecurity): $400,000 in strategic debt financing, with multiple term sheets sourced and one selected to fit the company’s SaaS profile. (Hum Capital)
Keepe Up (home services marketplace): $600,000 debt financing round facilitated by Hum. (Hum Capital)

The Companies / How It Works page explicitly states that customers may “access debt capital directly from our captive fund” or “from the market including our captive fund,” with Hum’s team guiding management meetings, term sheets, and diligence—an important clarification for founders comparing Hum to a pure broker or a single-lender fintech. (Hum Capital)

Hum also highlights a broker-dealer entity (ICM Capital Markets, LLC) to support securities transactions, and it links to FINRA BrokerCheck from multiple pages—standard practice for regulated activity and a signal of ongoing compliance infrastructure. (Hum Capital)

How much has Hum Capital actually Wired to Founders?

Platform scale claims have stepped up over time:

June 2021 (ICM launch): 2,000 companies and 250+ investors on the platform. (PR Newswire)
2021 wrap-up (CMO interview): Hum said it “helped almost 40 companies raise more than $500 million in capital commitments” during 2021. (This appears to include equity and debt commitments facilitated via the platform.) (Fintech Marketing Hub)
January 2023 (Year in Review 2022): $4B+ in ICM debt originations for 2022 and roughly 600 such originations; 400+ active ICM debt investors. (PR Newswire)
February 2023 (SmartRaise release): “More than $600 million in capital commitments” since the ICM’s 2021 debut (a conservative figure relative to the 2022 originations claim, but likely referencing a narrower subset of commitments or different measurement). (PR Newswire, SiliconANGLE)
2025 site: “Trusted by over 6,000 companies,” a top-of-funnel indicator of reach rather than closed financings. (Hum Capital)

As with any private platform, the exact definitions behind “originations,” “commitments,” and “trusted by” vary—and Hum’s own materials use them in different contexts.

Its not clear how much capital founders have actually received from Hum Capital.

The business model and how Hum makes money

Hum’s public materials imply multiple revenue streams:

Marketplace / Intermediation: Fees associated with originating and facilitating financings (case studies and “how it works” references suggest standard market practice for introductions and advisory). (Hum Capital)
Captive lending / Private credit: Spread income and fees on loans funded off the balance sheet (enabled by the 2025 Synovus/InterVest facility). (Hum Capital)
Broker-dealer activity via ICM Capital Markets, LLC for securities transactions. (Hum Capital)
Software / Data: In H1 2025, Hum said it executed a three-year enterprise SaaS agreement with its first institutional customer, positioning “Hum AI” as a standalone product for financial institutions. (Hum Capital)

Its not clear if and how Hum Capital uses founder data in its “beyond internal use” SaaS product:

Executive bench: beyond the founders

While Silverberg and Olivares remain central (analytics and CTO), Hum’s current leadership mix underscores execution in private credit:

Andrew Eisen (CEO): ex-S&P Global/IHS Markit SVP & Partner. (Hum Capital)
Stephen Isaacs (President): built and led middle-market sponsor finance groups at BMO, Merrill Lynch Capital, and Heller. (Hum Capital)
John Slater (Head of Hum Financial & CIO): private-credit veteran (GPI Capital, Paulson & Co.). (Hum Capital)
Steve Lim (CFO): ex-Vacatia and former Merrill Lynch/Standard Chartered banker. (Hum Capital)

Hum’s Our Team page lists broader hiring across Capital Markets (e.g., Aravind Ganesan, Michael Delaney), R&D (e.g., Chris Dolezalek, Alec Macrae), and Legal (Timothy Kim, Senior Counsel), painting a picture of a fintech crossing the rubicon into regulated, credit-underwriting territory. (Hum Capital)

Layoffs

There is no formal press announcement from Hum about layoffs. However, employee reviews on Glassdoor—which are anecdotal and should be treated as such—include references to “hard times with layoffs and pay reductions,” attributing them to macro conditions. As a public artifact, the Glassdoor review pages do contain those phrases in their visible snippets, but the underlying reviews are behind a login. These are employee-reported and not an official company statement. (Glassdoor, Glassdoor)

2023–2025: From marketplace to lender—capital to deploy, and a bigger software ambition

SmartRaise (2023) crystallized Hum’s focus on automation around data intake and lender matching. The messaging emphasized cutting the closing timeline where companies connected their accounting and banking systems to the platform. (PR Newswire)

In 2024–2025, two shifts became clear:

Balance-sheet lending moved from “option” to “pillar.” The $200M Synovus/InterVest facility (April 2025) turned Hum into a credit platform with real capacity to originate loans directly, alongside marketplace placements. Its not clear how much they’ve actually deployed from this facility. (Hum Capital)
Software commercialization beyond Hum’s own use. The H1 2025 update cites a three-year enterprise SaaS agreement with a financial institution and alludes to an AI-driven Automated Investment Memo in testing. Its not clear if and how Hum uses your data in its SaaS products it sells to third parties. (Hum Capital)

Case studies: concrete examples of deals

Hum maintains a Case Studies section with named companies and bite-size deal descriptions—useful for demonstrating the range of instruments and check sizes:

Ridepanda — $3.8M sale-leaseback. Highlights equipment-based liquidity for a micromobility fleet. (Hum Capital)
Keepe Up, Inc. — $600k debt financing. Lower-mid six-figure working-capital facility. (Hum Capital)
Gryphon — $400k debt financing. Illustrates lender competition via multiple term sheets for a SaaS-like profile. (Hum Capital)
The Case Studies landing page lists additional stories (e.g., Plateshub $500k; NewNet $500k; Venning $4.5M) with links to detail pages. These examples show that Hum’s batting average includes both small tickets and multi-million-dollar facilities across sectors. (Hum Capital)

Where Hum fits in the capital stack today

Hum is part of a broader wave of data-driven private-credit and capital-markets infrastructure firms that sit between traditional banks, direct lenders, and operating companies. What differentiates Hum—in its own telling and in the public footprint—is the blend:

Marketplace density (hundreds of active investors/lenders since 2022),
Balance-sheet lending capacity (the 2025 facility),
Regulatory wrapper (FINRA/SIPC broker-dealer), and
Software licensing intent (enterprise SaaS agreements in 2025).

The Companies / How it Works page makes the dual path explicit: use Hum to access the broader market or to borrow directly from Hum’s captive fund (or both). That kind of flexibility has appeal in the lower-middle market, where borrowers often need more structure and guidance than a self-serve portal can give. (Hum Capital)

Conclusion: What Hum has built—and what to watch next

In six years, Hum has moved from a data tool for private companies to a capital platform with:

a two-sided marketplace of companies and institutional lenders/investors;
an in-house private-credit program funded by a $200M facility;
a broker-dealer entity for regulated intermediation; and
emerging enterprise software ambitions for underwriting analytics.

The leadership reshuffle in late 2024/early 2025—with Andrew Eisen as CEO, Stephen Isaacs as President, and Blair Silverberg focusing on advanced analytics—suggests Hum is leaning into credit operations at scale while continuing to productize its analytics stack for outside institutions. If execution matches messaging, the next iteration of Hum may look as much like a B2B fintech software vendor as a marketplace lender—with capital, code, and compliance woven together.

Sources & citations (selected)

Company overview / mission / marketplace: Hum homepage (Intelligent Marketplace). (Hum Capital)
Corporate timeline (founding, rebrand, Series A, CEO change, 2025 facility): “Our Story” timeline. (Hum Capital)
ICM launch (June 2021) + platform participants: PR announcing ICM and rebrand. (PR Newswire)
Series A (Aug 2021, $9M): Hum release; PRNewswire; TechCrunch coverage. (Hum Capital, PR Newswire, TechCrunch)
Series A second close (Nov 2021, $21M total; Invesco + Cowen added; equity scope): PR and third-party coverage. (PR Newswire, Venture Capital Journal)
2022 Year in Review (platform throughput stats): Hum article with $4B+ ICM debt originations, ~600 originations, 400+ investors. (PR Newswire)
SmartRaise & cumulative commitments: PR and coverage noting $600M+ commitments. (PR Newswire, SiliconANGLE)
How it works (captive fund vs. marketplace): Companies/How It Works page. (Hum Capital)
Broker-dealer disclosures: ICM Capital Markets, LLC page; FINRA BrokerCheck firm profile. (Hum Capital, BrokerCheck)
Leadership updates: Press release on Stephen Isaacs as President and Blair’s analytics role; team page with CEO Andrew Eisen and exec bench. (Hum Capital)
2025 capital facility: Synovus/InterVest $200M facility press release; H1 update elaborating two tranches and SaaS agreement. (Hum Capital)
Case studies / named deals: Ridepanda ($3.8M sale-leaseback), Keepe ($600k debt), Gryphon ($400k debt); aggregated case-study list. (Hum Capital)
Layoffs/pay reductions (anecdotal): Glassdoor review pages noting layoffs/pay cuts amid macro downturn. (Glassdoor, Glassdoor)

Additional Sources

Corporate timeline & founding: humcapital.com/our-story (Hum Capital)
ICM launch (2021 PR): PRNewswire ICM announcement (PR Newswire)
Series A: $9M first close (PR) + $21M second close (PR) (PR Newswire)
2022 throughput stats: 2022 Year in Review (Hum) (PR Newswire)
SmartRaise & $600M+ commitments: PR + coverage (PR Newswire, SiliconANGLE)
How it works (captive vs. market): humcapital.com/how-it-works (Hum Capital)
$200M facility (2025): humcapital.com/news/…/200-million-debt-facility (Hum Capital)
Team / leadership: humcapital.com/our-team (Hum Capital)
Broker-dealer: humcapital.com/icm-capital-markets-llc-disclosures + FINRA BrokerCheck firm profile (Hum Capital, BrokerCheck)
Case studies: humcapital.com/case-studies (with Ridepanda, Keepe, Gryphon detail pages) (Hum Capital)