- 1New York announced more than $8.3 million in ConnectALL awards.
- 2Connect Humanity will use funding to set up the NY CONNECT Fund, offering flexible capital and RBF.
- 3The Revenue Based Finance Coalition says the move shows growing recognition of RBF.
The Revenue Based Finance Coalition (RBFC) is pointing to a New York State broadband program as evidence that revenue-based financing is gaining acceptance among policymakers.
What New York funded
The state announced more than $8.3 million in ConnectALL awards. As part of that round, Connect Humanity received funding to set up the NY CONNECT Fund, a lending platform that will offer flexible, impact-focused capital and revenue-based financing to community-based internet service providers serving low-income and rural communities.
The fund will also reinvest a portion of its returns into local digital skills and device access programs. The goal is to widen affordable broadband access in places that have historically faced connectivity barriers.
The coalition's take
RBFC, which represents funders, brokers, ISOs and vendors, said the initiative reflects growing recognition of innovative financing models. Executive Director Mary Donohue said revenue-based financing lets businesses invest in growth while tying repayment to actual revenue performance. She argued that, for organizations facing barriers to traditional financing, it can supply capital to expand operations, invest in technology and create jobs.
The coalition said repayment linked to future revenue, rather than fixed monthly payments, offers flexibility for businesses with fluctuating revenue. It urged policymakers and stakeholders to keep supporting financing models that widen access to capital.
RBFC describes itself as an advocate for policies that expand access to revenue-based financing and promote regulatory compliance.
Source reporting: deBanked.
