Bespoke Financial
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Bespoke Financial is the US's first licensed fintech lender focused on the cannabis industry, founded in 2018 and led by CEO George Mancheril. Because federal illegality keeps traditional banks and fintechs away from cannabis, Bespoke offers debt financing - lines of credit (its most popular product, up to $15 million), invoice financing and inventory financing - via a technology platform and data-driven application process, serving licensed operators across the whole supply chain (cultivators, manufacturers, distributors, dispensaries) in 12 regulated markets from California to Maine. It is backed by Casa Verde Capital, Sweat Equity Ventures, Greenhouse Capital Partners and others, and in December 2021 closed a $125 million credit facility with institutional investors to expand its lending capacity. No public source documents a shutdown or failure.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Bespoke Financial launched as the first licensed fintech lender focused on the US cannabis industry.
- $125M credit facility
Bespoke closed a $125 million credit facility with institutional investors to expand lending capacity, working with brands like Jeeter and Claybourne Co. in 12 regulated markets.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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