Stochastic Capital

About

About Us

Stochastic Capital empowers technology and finance companies to navigate the complexities of financing for their growing portfolio of cash-flowing assets with efficient debt capital.

We focus on $25MM to $100MM+ debt facilities for a wide array of assets, including:

Consumer and small business loans
eCommerce receivables
Supply chain finance receivables
Credit card receivables
Global Stripe revenues
Inventory finance
Point-of-sale receivables
Buy-now-pay-later (BNPL) receivables
Salary advance receivables
Short-term rental income

Our financing solutions are tailored to recognize the unique attributes and risks of each asset type. We look for technology-forward and data-driven companies that leverage proprietary data sets, AI/ML decisioning models, robust performance metrics to create institutional-quality debt facilities.

The Stochastic Capital Process

Understanding Company's Strategic Goals

We begin by listening to founders and developing a thorough understanding of the company's business, goals and objectives.

We focus on historical asset performance, balance sheet, management team expertise, ability to scale asset growth, technology stack and market and regulatory risk.

This review helps us propose a tailored financial strategy to drive growth.

Facility Structure

We understand that one size does not fit all. We tailor our financing solutions to align with your company’s strategic goals and based on our quantitative analysis of your asset type.

Our facilities can evolve with your company, offering structures such as an initial smaller, shorter-term, corporate bridge facility that can transition into a fully non-recourse structured debt facility that can scale to $100MM or more.

Our non-recourse debt facilities use newly-created special purpose entities (SPEs) to receive cash flows from underlying assets, isolating them from the company's corporate credit risk. This allows debt levels to be based on statistical asset performance, unit economics and risk, rather than the company’s balance sheet. This is particularly beneficial for early-stage companies (i.e., Seed or Series A, B stage) to secure debt.

These facilities help your company scale efficiently with the assets and without excessive dependence on additional VC or equity capital, which is crucial in challenging equity market environments.

Asset Performance & Risk Analysis

Our comprehensive analysis of historical loan data and statistical metrics provides insights into the following key areas:

Internal Rate of Return (IRR)
Asset Payback Period
Delinquency and Default Rates
Provisions and Bad Debts
Cash Collection Curves
Model Performance

Using stochastic and advanced statistical modeling, we identify seasonal and historical volatility in asset-level delinquencies, losses, and economic returns across diverse economic scenarios.

This rigorous approach ensures we receive precise, data-driven insights to make informed decisions when structuring the facility.

Meet the Team

Founder & Managing Partner

Rana S. Mookherjee

Rana S. Mookerjee is the Founder and Managing Partner of Stochastic Capital LLC, a San Francisco based firm dedicated to providing structured debt capital for technology-forward, early-stage Fintech and finance companies with high-quality assets.

Rana has an extensive background in structuring appropriate capital for cash-flowing assets and has pioneered several "first-time" securitizations in the industry. Some of his notable transactions include:

Collateralized structured note with mortgage-backed IO/POs
Tenant-lease securitization for the headquarters of UK's leading law firm in the City of London
Drug royalty securitization for two leading cancer drugs
"Right-to-use" timeshare securitization
First utility-scale solar power plant in California with a Power Purchase Agreement from PG&E

Before founding Stochastic Capital, Rana worked on the capital markets desk at Funding Circle, a leading UK-based small business marketplace lender where he specialized on whole loan forward flow agreements and bank partnerships. Prior to Funding Circle, Rana worked at JPMorgan's (formerly Hambrecht & Quist) San Francisco office focused on structured equity and debt transactions in the burgeoning technology space.

Before joining JPMorgan, Rana worked on the trading floor at Credit Suisse in Tokyo and New York providing warehouse facilities and securitized takeouts to large specialty finance companies. Rana started his career as a Financial Analyst in investment banking department at Morgan Stanley & Co. in New York City and Los Angeles.

Rana holds a Bachelor of Science degree in Statistics and Operations Research from the University of Wisconsin – Madison.

Investment Partner

Ali Moosvi

Ali Moosvi is an Investment Partner at Stochastic Capital LLC, where he leverages his extensive expertise in credit risk, underwriting, and financial modeling.

Ali has a strong foundation in the practical applications of financial technology. Ali is currently the Director of Risk at FundThrough and has held influential senior positions at companies like Flowcast/Tillful, where he crafted and implemented risk policies, developed risk models, and introduced cutting-edge credit products to the market.

Ali's proficiency in applying quantitative methods is instrumental in guiding strategic decisions and boosting operational efficiency within the fintech industry.

Ali holds a Bachelor of Engineering in Nuclear Engineering from Ontario Tech University.