Performances
Comparison
Details
This content is generated by RD AI and is for reference only
NEWITY is a fintech platform focused on providing SBA loans and growth loans to U.S. small businesses. It connects borrowers with lenders, streamlines the application process, and leverages AI and blockchain technology for efficiency. NEWITY partners with Canton Network to tokenize small business loans, enhancing liquidity.
Fundraising
Follow Updates
Follow Lists
People
About NEWITY
NEWITY is a financial technology company that helps small businesses access SBA 7(a) loans and its own Growth Term Loans. It has assisted over 125,000 businesses in securing $12 billion in funding.
Its core competitiveness lies in AI-driven underwriting and blockchain-based loan asset tokenization. By partnering with the Canton Network, NEWITY aims to create an on-chain secondary market for small business loans, improving liquidity and transparency.
The market pain point it addresses is the traditional lending process being slow, opaque, and illiquid. Small businesses often face long waits and complex paperwork, while investors lack efficient access to this asset class. NEWITY streamlines origination and enables loan trading on blockchain.
In the past six months (February to August 2026), NEWITY launched two new SBA loan programs: the Grocery Guarantee Loan and the Made in America Loan, each offering up to $1 million. It also announced a partnership with Canton Network for blockchain-based loan distribution. However, Growth Term Loan fundings were temporarily paused due to high demand, with resumption expected in Q3 2026.
David Cody: Co-CEO and co-founder of NEWITY. With 30+ years in financial services, he previously led Galway Advisors, Fortress Investment Group, and Matlin Patterson, managing over $50B in capital.
Luke LaHaie: Co-CEO and co-founder. A CFA charterholder and CPA, he held roles at PwC, Ernst & Young, and ExWorks Capital, specializing in debt funds and working capital.
Bryan Hallene: COO. He joined NEWITY in 2020, advancing from Senior Director to EVP of Business Operations before becoming COO in 2022, with prior experience at ExWorks Capital and RSM.