Tagged: credit facility

Westbrooke’s Yield Plus UK Secured Private Debt Fund Receives £25M Revolving Credit Facility from RMB

Rand Merchant Bank (RMB) and Westbrooke Alternative Asset Management UK Limited are pleased to announce the completion of a £25m credit facility to Westbrooke Yield Plus Plc. This strategic move has opened new doors for the Fund, “offering a broader spectrum of opportunities, more effective… Read More

Fintech Klar Acquires $100M Debt Facility from Victory Park Capital to Expand Credit Products in Mexico

Klar, S.A. de C.V., the Mexico City-based digital financial services platform, announced that it has secured a $100 million credit facility from Victory Park Capital (VPC), a global alternative investment firm specializing in private credit. The financial support from VPC will aim to “propel Klar… Read More

Global Fintech SumUp Enters $100M Credit Facility with Victory Park Capital

Global fintech company SumUp announced that it has entered into a US$100 million credit facility with Victory Park Capital (VPC), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp “to provide advance payments to merchants based in the UK… Read More

UK’s Kuflink Group Enters £35M Debt Facility, Placed by European Risk Capital LLP, Paragon Bank

Kuflink Group PLC has reportedly entered a £35 million debt facility that has recently been placed by European Risk Capital LLP (ERC) along with Paragon Bank. The revolving credit facility, which is now secured on a portfolio of bridging and development loans, reportedly offers Kuflink… Read More

San Francisco based Fintech Cardless Announces $75M Credit Facility from i80 Group

San Francisco-based financial technology firm, Cardless, Inc. announced a new debt deal with i80 Group, securing a three-year $75 million credit facility. The deal is a warehouse facility that will enable Cardless “to fund customer receivables, growth, and continue its work with large, globally recognized… Read More

UK’s MarketFinance Secures £30M Credit Facility to Expand B2B Pay Later Offering for SMEs

MarketFinance, which claims to be one of the leading fintech credit and payments companies, has secured a £30 million credit facility from Viola, the Israeli technology investment group, in order “to expand its B2B Pay Later embedded finance offering for SMEs.” Available in Sterling, US… Read More

UK Fintech Capital On Tap to Offer Small Business Credit Card in US Markets, After Acquiring $100M Credit Facility

Capital on Tap, a UK-headquartered Fintech firm, reveals that it has introduced its small business credit card in the US markets. There’s been a lot of demand for such products, the company claims. Since April 2021, there have been more than 28,000 businesses that have… Read More

Data as a Service Analytics Infrastructure Firm GoodData Acquires $45M Credit Facility from JPMorgan

GoodData, the leader in Data as a Service (DaaS) analytics infrastructure, reveals that it has acquired a $45 million credit facility from J.P. Morgan (NYSE: JPM). Building on the firm’s recent adoption momentum and the release of the GoodData Cloud Native platform (GoodData.CN), GoodData’s management… Read More

U.S. Fintech OppFi Announces $50 Million Corporate Credit Facility With Atalaya Capital Management

  Opportunity Financial, LLC (OppFi), a U.S.-based fintech platform that powers banks to help the everyday consumer gain access to credit,  announced on Monday it has closed an expanded $50 million corporate credit facility with Atalaya Capital Management. OppFi’s key mission is to help consumers who… Read More

US Fintech Taulia, a Tech Partner of Supply Chain Finance Firm Greensill, Acquires Over $6B in Financing from JPMorgan-led Consortium

US-based Fintech company Taulia, a tech partner of supply chain finance firm Greensill, revealed on Wednesday (March 10, 2021) that it had acquired over $6 billion in funding from a financing consortium that was led by JPMorgan. The consortium reportedly includes European lenders UniCredit, UBS… Read More

Buy Now Pay Later Platform Splitit Secures $150 Million Credit Facility From Goldman Sachs to Support Growth in U.S. & Europe

  Splitit, an Australian Stock Exchange-listed (ASX:SPT) company that allows consumers to make payments in easy installments using their credit cards, has secured a $150 million credit facility from Goldman Sachs to support growth in both the U.S. and Europe. The latest investment comes less… Read More

Netherlands’ 3rd Largest Bank, ABN Amro, to Offer Credit Facility to Commercial Banking Clients to Help Cope with Coronavirus Outbreak

Amsterdam-based ABN Amro, the third-largest bank in the Netherlands, has revealed that it will be offering a credit facility to its commercial banking clients. The bank said it aims to help those who have been most affected by the coronavirus (COVID-19) outbreak. ABN Amro said… Read More

U.S. Fintech West Creek Secures $150 Million Credit Facility From Pollen Street Capital to Expand Point-of-Sale Financing

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West Creek, a U.S.-based fintech company that provides point-of-sale financing, announced on Thursday it secured a $150 million credit facility from Pollen Street Capital, bringing the company’s total credit facility capacity to $250 million. Founded in 2014, West Creek claims it focuses on using big data… Read More

LendingPoint Completes $250 Million Credit Facility Arranged by Guggenheim Securities

LendingPoint announced on Monday it completed its $250 million credit facility, which was arranged by Guggenheim Securities. According to LendingPoint, the facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. “The amended… Read More

Finitive Announces $100 Million Credit Facility For Platinum Auto

Finitive, a fintech platform that connects institutional investors with alternative lending investments, announced on Monday its client Platinum Auto of Tampa Bay secured a $100 million credit facility through its platform. Platinum notably purchases auto loan contracts from a network of over 300 auto dealers… Read More

Kabbage Secures $200 Million Revolving Credit Facility

Global financial service platform Kabbage announced on Tuesday it has secured a $200 million revolving credit facility to support its growth for providing U.S. small businesses access to flexible, online funding. According to Kabbage the senior tranche of the new dual-class transaction earned an A(sf) rating… Read More

U.S. Fintech Yalber Secures $20 Million Credit Facility

Yalber, a U.S.-based SMB royalty investment company, announced on Tuesday it secured a $20 million credit facility from Park Cities Asset Management. Founded in 2007, Yalber offers an alternative to the conventional funding options currently available to businesses, such as debt either through a bank… Read More

CrowdOut Provides $30 Million Credit Facility to Support Personiv’s Growth

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Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a $30 million credit facility to Personiv. According to CrowdOut, the borrower is a business process outsourcer that employs over 2,500 employees in 3 different countries and the proceeds from the loan will be… Read More

New York Fintech Finitive Facilitates $50 Million Warehouse Line of Credit For Real Estate Platform Bungalow

Finitive LLC, a fintech platform that provides institutional investors with direct access to alternative lending investments, announced on Thursday the closing of a $50 million senior secured warehouse credit facility for new residential real estate platform Bungalow. The fintech claimed that the transaction was the first… Read More

LendingPoint Closes Up to $600 Million Credit Facility Arranged by Guggenheim Securities

LendingPoint announced on Thursday it has closed an up to $600 million, committed credit facility arranged by Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. LendingPoint reported that with the new deal it has secured up to $1.1 billion of senior credit… Read More

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