When was Newtek founded?

Newtek was founded in 1998 and raised its 1st funding round 12 years after it was founded.

Where is Newtek located?

Newtek is headquartered in New Hyde Park, United States. It is registered at Lake Success, New York.

How many employees does Newtek have?

As of Sep 30, 2026, the latest employee count at Newtek is 481.

Is Newtek a funded company?

Newtek is a funded company, having raised an undisclosed amount across 6 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on May 03, 2010.

When was the latest funding round of Newtek?

Newtek's latest funding was a $***** Conventional Debt round on Oct 01, 2019, with participation from 1 investor.

Where does Newtek rank among its competitors?

Newtek ranks 19th amongst 2094 active competitors, of which 61 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was eCapital, which secured $388M in Oct, 2025.

Who are the top competitors of Newtek?

Newtek's top competitors include Funding Circle, Wintrust and eCapital. Among them, eCapital secured the most recent funding round in October, 2025.

Newtek - 2026 Company Profile, Funding, Competitors & Financials

Newtek is a public company based in New Hyde Park (United States), founded in 1998. It operates as a Provider of business loans, payment, payroll and insurance services. Newtek has raised an undisclosed amount in funding. The company has 2094 active competitors, including 61 funded and 154 that have exited. Its top competitors include companies like Funding Circle, Wintrust and eCapital.

Company Details

Website: www.newtekone.com/
Social
Email ID: *****@newtekone.com
Phone Number: +1 **********
Registered Address: Lake Success, New York

Key Metrics

Founded Year

1998

Location

New Hyde Park, United States

Stage

Public

Latest Funding Round

Conventional Debt, Oct 01, 2019, $*****

Investors

Goldman Sachs Investment Partners & 4 more

Ranked

19^th among 2094 active competitors

Employee Count

481 as on Sep 30, 2026

Investment & Acquisitions

National Bank of New York City & 3 more

Similar Companies

Northern Arc Capital & 4222 more

Exit Details

Public

View Newtek's full profile

Newtek is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NEWTEKONE, INC. CIN: 1587987 , United States, Active		-	104 (As on Dec 31, 2022)	-
NEWTEK BUSINESS SERVICES, CORP. CIN: 463755188 , United States, Active	Dec 31, 1999	-	596 (As on Dec 31, 2024)	-

Newtek got listed on Apr 29, 2016.

Click here to take a look at Newtek's IPO in detail

Newtek has raised funding over 6 rounds. Its first funding round was on May 03, 2010. Its latest funding round was a Conventional Debt round on Oct 01, 2019 for $*****. 1 investor participated in its latest round. Newtek has 5 institutional investors.

Here is the list of recent funding rounds of Newtek:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 01, 2019	5424046	Conventional Debt	4633023	6303903	1934465	1807074
Jun 24, 2019	9969769	Conventional Debt	6148875	1833992	3163646	5031200
May 02, 2019	9300566	Conventional Debt	9513747	1329141	3042881	Deutsche Bank

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View details of Newtek's funding rounds and investors

Newtek's employee count trend

Newtek has 481 employees as of Sep 26. Here is Newtek's employee count trend over the years:

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Top competitors of Newtek include Funding Circle, Wintrust and eCapital. Here is the list of Top 10 competitors of Newtek, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Funding Circle 2010, London (United Kingdom), Public	Online lending platform providing financing solutions for small and medium-sized businesses	$373M	Index Ventures, Accel & 21 others	83/100
2nd	Wintrust 1991, Rosemont (United States), Public	Bank offering diversified financial services	-	CIVC Partners	66/100
3rd	eCapital 2006, Miami (United States), Acquired	Provider of asset-based, supply chain, and invoice financing solutions	$81.9M	Ares Management	66/100
4th	White Oak Global Advisors 2007, San Francisco (United States), Unfunded	Provider of customized financing solutions for small and medium-sized businesses	-	-	65/100
5th	Northern Trust 1889, Chicago (United States), Public	Provider of financial and wealth management services	-	Habitat for Humanity Metro Denver	65/100
6th	Greensill 2011, London (United Kingdom), Series E	Provider of working capital loans	$1.7B	SoftBank Vision Fund, General Atlantic & 5 others	62/100
7th	GE Capital 1932, Norwalk (United States), Public	Provides commercial aircraft leasing and lending services	-	Forum Capital Advisors, OSTI	61/100
8th	Nelnet 1998, Lincoln (United States), Public	Provider of diversified services including loan servicing, payment processing, and technology	-	-	60/100
9th	Golub Capital 1994, Chicago (United States), Acquired	Investment management firm investing in private debt	-	Korea Investment	59/100
10th	Renovo Financial 2011, Chicago (United States), Series A	Private lender for real estate investors	$75M	Granite Creek Capital Partners, Saluda Grade ... & 1 others	58/100
19th	Newtek 1998, New Hyde Park (United States), Public	Provider of business loans, payment, payroll and insurance services	-	Goldman Sachs Investment Partners, Deutsche Bank ... & 3 others	53/100

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Newtek has not made any investments yet. Newtek has made 4 acquisitions.

Here is the list of latest three $acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Aug 02, 2021	Acquisition	National Bank of New York City	1963	Flushing (United States)
Nov 20, 2019	Acquisition	POS on Cloud	2012	Louisville (United States)
Jun 29, 2016	Acquisition	banc-serv	2016	Westfield (United States)