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Bespoke Financial is the first licensed commercial lender focused on the cannabis industry. The cannabis industry is projected to be a 40+ Billion dollar market by 2024, but distributors are hampered by long cashflow collection cycles. Bespoke Financial provides companies working capital to help these companies scale their businesses, much like Affirm did for the consumer space. Their products include lines of credit, inventory financing, purchase money financing, and invoice financing
They are currently licensed in 11 US states and their revenue has grown from single-digit millions to double-digit millions in the last 12 months. With more states legalizing cannabis use, the company is set to continue its fast growth.