Venture Debt Firm

Helping you get the resources you need for continued growth.

Our Story

River SaaS Capital was founded in 2015 as a provider of alternative venture financing to early-stage SaaS companies throughout the U.S. Proudly based in Cleveland, Ohio, we offer alternative financing models, entrepreneurship mentoring, and a long-term, partnership-based approach.

At River SaaS Capital, our goal is to help our borrowers grow, and we recognize that cash is only one piece of the puzzle. Along with our knowledge of and passion for technology, we have the precise blend of talent to help early-stage technology companies grow their business.

The leaders behind River SaaS, and our parent company River Capital Finance, bring more than 100 years of combined lending, credit and operational success – experience we bring to bear with each one of our portfolio companies.

Fund Leadership Team

Matthew Kennedy

President, River Capital Finance; Co-Managing Member, TruWest Companies

Matt is president of River SaaS Capital's parent company, River Capital Finance (formerly MRK Leasing, LTD) and Co-Managing Member of TruWest Companies, the parent organization of River Capital Finance. In these roles, he is responsible for the development and implementation of high-level strategic sales plans to drive revenue and ultimately increase market share.

Matt has 18 years of business, technology, leasing and finance industry experience. He began his career at River Capital as a Senior Account Executive and soon rose to Vice President of Sales and Marketing. In 2009 he became President and Managing Member of the company.

Wendy Jarchow

Chief Investment Officer, River SaaS Capital

Wendy is Chief Investment Officer of River SaaS Capital. She leads the company’s due diligence and lending activities to help growing SaaS businesses fund their growth plans with non-dilutive capital and manages the company’s portfolio of loans.

Wendy has over 20 years of experience working at large financial institutions and venture funds where she has held diverse business roles, including business development, risk management, access to capital through venture investing, and strategic planning and implementation. Prior to joining River SaaS Capital in June 2016, Wendy was a Venture Partner at JumpStart, a Northeast Ohio Venture Development Organization where she assisted client companies with developing funding strategies and secured capital for both start-ups and scaleup businesses.

Daniel Perez

Investment Analyst

Daniel Perez is an Investment Analyst for River SaaS Capital. Working together with fund leadership, Daniel participates in all aspects of due diligence, including financial analysis and portfolio management activities to help SaaS businesses fund their growth plans with non-dilutive capital.

Daniel has over 13 years of professional experience in the commercial real estate and financial services industries where he has held diverse roles in operations, business development, financial analysis and portfolio management.

Prior to joining River SaaS Capital, Daniel was a Financial Analyst for Barnes Wendling Valuation Services, a Northeast Ohio CPA firm where he was responsible for the valuation of publicly traded and privately-owned businesses, intangible assets and stock options, as well as financial market and industry research, financial modeling, and company specific financial performance analysis.

Daniel has a Bachelor of Science in Business Administration with a concentration in finance and economics from John Carroll University where he was selected to compete in the annual Global Chartered Financial Analyst Research Competition and placed among the top ten equity analyst teams in the world. He was the 2019 recipient of the David M. Benacci Award for John Carroll University’s most promising investment manager and is currently pursuing his Level 1 CFA designation.

Deal Review Committee

Michael Kennedy

Chief Executive Officer, TruWest Companies
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Michael Kennedy

Chief Executive Officer, TruWest Companies

Mike Kennedy is CEO of TruWest Companies, the parent organization of River Capital Finance, River SaaS Capital, TRG and MRK Technologies. He began his business career with the Burroughs Corporation (now Unisys), before co-founding L.D.I. Corporation, a computer distributor and leasing company that grew to $75 million in sales by 1987, when it went public.

Under Mike’s leadership as President and COO, L.D.I. increased sales to $350 million by 1994, when it was acquired by NationsBank. Prior to the sale, he led a management buyout of several company divisions to form a new company called MRK Technologies. In 2000, Mike expanded again with the formation of MRK Leasing, later rebranding as River Capital Finance.

Matthew Kennedy

Co-Managing Member, TruWest Companies
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Matthew Kennedy

Co-Managing Member, TruWest Companies

Matt is president of River SaaS Capital's parent company, River Capital Finance (formerly MRK Leasing, LTD) and Co-Managing Member of TruWest Companies, the parent organization of River Capital Finance. In these roles, he is responsible for the development and implementation of high-level strategic sales plans to drive revenue and ultimately increase market share.

Matt has 18 years of business, technology, leasing and finance industry experience. He began his career at River Capital as a Senior Account Executive and soon rose to Vice President of Sales and Marketing. In 2009 he became President and Managing Member of the company.

Sean Kennedy

Co-Managing Member, TruWest Companies
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Sean Kennedy

Co-Managing Member, TruWest Companies

Sean Kennedy is a Co-Managing Member of TruWest Companies, the parent organization of River Capital Finance, River SaaS Capital, TRG and MRK Technologies.

Sean began his career with MRK Technologies and in 2004, founded TRG, then a provider of refurbished equipment to the AIDC and mobile technology market. He has since transformed TRG into one of the largest hardware, software and solutions providers in the mobile computing, barcode, POS and payment processing industries. Sean is a 2002 graduate of Ohio University with a B.A. in Communications.

Wendy Jarchow

Chief Investment Officer, River SaaS Capital
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Wendy Jarchow

Chief Investment Officer, River SaaS Capital

Wendy is Chief Investment Officer of River SaaS Capital. She leads the company’s deal sourcing, due diligence and lending activities to help growing SaaS businesses fund their growth plans with strategic capital and manages the company’s portfolio of loans.

Wendy has over 20 years of experience working at large financial institutions and venture funds where she has held diverse business roles, including business development, risk management, access to capital through venture investing, and strategic planning and implementation. Prior to joining River SaaS Capital in June 2016, Wendy was a Venture Partner at JumpStart, a Northeast Ohio Venture Development Organization where she assisted client companies with developing funding strategies and secured capital for both start-ups and scaleup businesses.

Chris Free

Chief Financial Officer, TruWest Companies
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Chris Free

Chief Financial Officer, TruWest Companies

Chris Free is Chief Financial Officer of TruWest Companies, the parent organization of River Capital Finance, River SaaS Capital, TRG and MRK Technologies. Chris joined TruWest in 2018 with over 14 years of experience in financial management, mostly recently serving as Chief Financial Officer at Sandridge Foods, a family-owned leader in the fresh food manufacturing industry. Chris has also served as Group Controller and Manager of Financial Planning & Analysis at Nordson Corporation and has experience in a variety of roles at Ernst & Young LLP. Chris earned both his master’s and bachelor’s degrees in accounting from Miami University.

Joseph Yanoska

Chief Information Officer, TruWest Companies
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Joseph Yanoska

Chief Information Officer, TruWest Companies

Joseph Yanoska is Chief Information Officer of TruWest Companies, the parent organization of River Capital Finance, River SaaS Capital, TRG and MRK Technologies. He brings 26 years of experience in the online social expression and banking industries. Most recently, Joe spent 19 years at American Greetings Interactive where he served as Head of Technology. Prior to joining AGI, Joe spent 6 years with Key Bank where he helped bring the company into the online world by serving as the project and development manager for its first Online Banking Website.

Our Service Providers

Fund Administrator:

Oakpoint Fund Services

Tom Niehaus, Managing Director

Auditor:

Neitzel, Luke, & Associates

Mike Salopek, CPA, Partner

General Partner & Fund Legal:

Taft Stettinius & Hollister LLP

Howard Bobrow, Partner

Fund Auditor:

Cohen & Company

Jeff Kovacs, CPA, CGMA, Partner, A&A

Investment Legal:

Kohrman Jackson & Krantz

Jon Pinney, Managing Partner

“Accessing capital is one of the biggest challenges facing young companies in the Midwest. Debt-based options from lenders like River SaaS Capital are becoming an increasingly important piece of the solution for young software startups — especially SaaS startups.”

Ray Leach CEO, JumpStart, Inc.