Tagged: debt facility

Atome Financial, HSBC Singapore Expand $100M Debt Facility to Include Philippines Market

Atome Financial has announced that it has renewed and expanded its partnership with HSBC Singapore to include the Philippine market to its US$100m debt facility. At the moment, Atome has reportedly “disbursed more than US$4b in loans.” Atome Financial and HSBC Singapore had “entered into… 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

Consumer Fintech Salmon Raises $20M Series A from Argentem Creek Partners

Consumer fintech Salmon announced it has secured a $20 million debt facility from U.S. emerging-markets specialist investment firm Argentem Creek Partners, enabling Salmon to further scale its lending operations across the Philippines. Building on significant investor interest in the debt placement, Salmon will expand its… Read More

MENA Region’s Fintech Tabby Closes New Financing, Upsizing Warehouse Debt Facility to $350M

Tabby, the MENA region’s shopping and financial services app, has successfully closed a new financing round “resulting in upsizing its debt facility to $350 million, over a 2X increase since its last debt raising announcement.” The investment round reportedly “involved the participation of key global… Read More

UK Fintech Carmoola Raises £103.5M to “Transform” How Consumers Pay For a Car

UK car finance fintech Carmoola has raised a £8.5 million Series A round and £95 million debt facility to improve “the way people pay for car purchases.” The investment round was “led by US-based fintech specialists QED Investors, with participation from existing investors VentureFriends and… Read More

UK’s Salad Money Acquires £40M Debt Facility to Get Credit to Essential Workers

Social purpose Fintech firm Salad Money will aim to serve the demand for affordable credit from NHS and public sector employees after receiving a senior debt facility of as much as £40 million via a US-headquartered credit fund. The facility means more essential workers among… Read More

Moneyhub Secures £35M from Legal and General, Lloyds Banking Group

Moneyhub, an Open Finance, Open Data, and payments platform, announced that it has secured “an initial £35m in funding from high profile backers Legal & General and Lloyds Banking Group, with an additional £5m debt facility provided by Shawbrook. Legal & General’s investment is partially… Read More

Achieve Accelerates Digital Personal Finance Transformation with $225M Debt Capital

Achieve, which claims to be the leader in digital personal finance, recently announced that it has raised a new debt facility “totaling $225 million with participation from O’Connor Capital Solutions, the private credit unit of UBS O’Connor LLC, and others, including a multi-trillion dollar asset… Read More

Muse Finance Acquires $20M Debt Facility to Support Small Businesses

Muse Finance, a finance provider for small, medium and growing businesses, announced that it has closed a $20 million debt facility “to support the growth of small businesses.” The additional funds mean that Muse now “has access to over $96,000,000 USD (or £73,890,000 GBP), having… Read More

Atome Financial Acquires $100M Debt Facility from HSBC Singapore

Atome Financial recently revealed that it has committed to a $100 million debt facility with HSBC Singapore in order to support its flexible deferred payments business across Asian markets. The Fintech firm is an umbrella business division that’s made up of two main brands; buy… Read More

Germany’s Digital Identity Firm IDnow Acquires €60M Debt Facility

IDnow, a European identity proofing and digital identity provider, has arranged a new debt facility from funds and accounts managed by BlackRock that “provides up to €60 million in financing.” The debt facility will “enable IDnow to leverage its existing market-leading identity platform.” The company… Read More

Petal Closes $125 Million Debt Facility From SVB & Trinity Capital

Petal, a credit card startup pioneering “Cashflow Underwriting” as an alternative to traditional credit scoring, announced on Wednesday it has closed a new committed debt facility, totaling more than $125 million. According to Petal, the new facility includes $100 million from Silicon Valley Bank (SVB), the bank… Read More

Dutch Crowdfunding Platform Lendahand Announces €5 million Debt Facility For Funding Societies to Support Southeast Asian Underserved SMEs

Lendahand, a Netherlands-based for-profit crowdfunding platform for impact investing, announced over the weekend that it has agreed to provide Singapore-based Funding Societies with an up to €5 million debt facility to invest in underserved SMEs, predominantly in Indonesia, but also including Singapore and Malaysia. Lendahand reported… Read More

U.S. Insurtech NextCar Announces $400 Million Debt Facility & Strategic Partnership With Westlake Financial

  NextCar Holding Company Inc. (NXCR), a fintech and insurtech vehicle subscription platform, announced on Tuesday it has signed a letter of intent to form a partnership and receive a $400 million debt facility from Westlake Financial. NXCR reported that the $400 million debt facility… Read More

Petal Completes $300 Million Debt Facility From Jefferies

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

LendingUSA Secures Up To $100 Million in Debt Financing from Credit Suisse

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

Big Announcement for OnDeck: Receives $200 Million Revolving Credit from Credit Suisse

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

Brief: MoneyLion Closes Debt Facility from the Macquarie Group

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

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