Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it has completed a $300 million debt facility with Jefferies. Petal reported that it entered into a similar facility to borrow up to $30 million in debt… Read More
Read more in: Fintech | Tagged credit card, debt facility, jefferies, petal, u.s., united states
Marketplace lending platform, LendingUSA, announced earlier this week the closing of a $50 million debt facility. Sector Financial, an affiliate of Credit Suisse provided access to the Credit Suisse debt facility, with an accordion for up to an additional $50 million. LendingUSA reported that the announcement follows… Read More
Read more in: Investment Platforms and Marketplaces | Tagged credit suisse, debt facility, lendingusa, sector financial
OnDeck (NYSE: ONDK) announced on Friday the closing of a $200 million asset-backed revolving debt facility with Credit Suisse. The online lender revealed with the announcement it now may obtain funding under the new credit facility with Credit Suisse by accessing $125 million of committed capacity and an additional $75 million of… Read More
Read more in: General News, Investment Platforms and Marketplaces | Tagged credit suisse, debt facility, howard katzenberg, jon-claude zucconi, ondeck, port II, prime on deck receivable trust II
MoneyLion, the mobile personal finance platform, announced on Thursday it has closed its portfolio financing line with the Macquarie Group. The company revealed that the Macquarie funds, which are combined with existing facilities from institutional investors as well as equity capital from the FinTech Collective and other VCs, provide… Read More
Read more in: Fintech, General News | Tagged debt facility, diwakar choubey, financing line, fintech, macquarie group, moneylion
© 2020 Crowded Media Group. All Rights Reserved.
Send this to a friend