Tagged: debt facility

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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