Tagged: debt financing

June 19, 2024 @ 7:51 am By Omar Faridi  |  

Zilch, the ad-subsidized payments network (ASPN), announces a key £100 million securitised debt financing arranged by Deutsche Bank (DB). The financing will enable Zilch to grow its business and “accelerate Zilch’s ability to create and launch new products for a broader base of customers.” In… Read More

November 24, 2023 @ 5:46 pm By Omar Faridi  |  

MPOWER Financing, a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, recently announced that it has closed on debt financing that “has propelled the firm’s overall lending capacity to over $300 million.” Active funding includes commitments… Read More

October 29, 2023 @ 9:00 pm By Tony Zerucha  |  

Repay, a provider of vertically integrated payment solutions, this week announced a new partnership and technology integration with Kredit Financial, a digital debt resolution platform and network. The collaboration enables collection agencies, debt buyers and collection law firms that use Kredit’s technology platform to offer… Read More

July 26, 2023 @ 1:17 pm By Omar Faridi  |  

Fintech unicorn Tipalti recently announced an additional $150M in growth financing, bringing the company’s total equity and debt raise to more than $700M. Led by JP Morgan Chase Bank and Hercules Capital, this incremental growth financing will enable Tipalti to further invest in product innovation… Read More

April 6, 2023 @ 9:00 am By Omar Faridi  |  

TerraPay, a global payments infrastructure company, has successfully closed its Series B equity financing round, raising in excess of $100 million in equity and debt financing. The investment round was “led by IFC and supported by Prime Ventures, Partech Africa, U.S. International Development Finance Corporation… Read More

October 6, 2022 @ 8:06 am By Omar Faridi  |  

Smart money app Plum is reportedly launching its third crowdfunding round after acquiring £5 million in debt financing from Silicon Valley Bank. Plum previously conducted a public campaign on Crowdcube that managed to acquire $8 million in additional capital along with a $24 million Series… Read More

September 29, 2022 @ 10:49 pm By Omar Faridi  |  

Grover, the consumer-tech subscription platform, has finalized a new €270 million debt financing facility with M&G, the international asset manager. With the fresh capital, Grover will “expand its product inventory to serve rising demand from customers in existing markets such as Germany, Spain, Netherlands, and… Read More

September 4, 2022 @ 11:26 am By Omar Faridi  |  

Landa, a real estate investing company, announced a $25 million Series A funding round, “bringing their total equity raised to $33 million with the inclusion of a previously raised $8 million seed round.” The company has also “raised $62 million in debt financing.” Through a… Read More

August 9, 2022 @ 11:04 pm By Omar Faridi  |  

Clara, the Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, has announced an “approved” financing round from Goldman Sachs for “an initial $50 million with the option to upsize to $150 million.” The facility will “allow… Read More

August 4, 2022 @ 10:17 pm By Omar Faridi  |  

Tabby, which is MENA’s payments and shopping app, has acquired $150 million in debt financing from Atalaya Capital Management and existing investor Partners for Growth (PFG). Based in New York, this facility “marks Atalaya Capital Management’s first deal in the MENA region.” In addition, San… Read More

July 17, 2022 @ 9:00 pm By Omar Faridi  |  

Capchase, a provider of non-dilutive capital, has “agreed more than $400 million in additional debt financing backed by i80 Group and an international banking group.” The financing will be used “to provide thousands of SaaS startups in the US and Europe with funding.” In less… Read More

June 11, 2022 @ 5:40 pm By Omar Faridi  |  

  Silicon Valley Bank, the financial partner of the innovation economy, has provided a $22.5 million debt financing package to Keepit in partnership with Vaekstfonden. The funds should help with supporting further global expansion, hiring, and product development as it continues to scale operations and… Read More

May 21, 2022 @ 3:07 am By Omar Faridi  |  

MarketFinance, the Fintech credit and payments firm, recently announced a debt raise from Deutsche Bank which the company will use to part “fund up to £100m of lending to support strong, well-managed SME businesses with their investment and working capital needs.” The announcement comes at… Read More

May 19, 2022 @ 10:08 pm By Omar Faridi  |  

Percent, the platform powering the “future” of private markets, recently announced the launch of Corporate Loans, which offers VC-backed startups “a fast and seamless way to tap minimally-dilutive venture debt financing options – amid a slowing pace in growth-stage VC equity rounds.” Via its proprietary… Read More

May 11, 2022 @ 11:15 am By Omar Faridi  |  

Paddle, the provider of a complete payments infrastructure for SaaS firms, recently announced that it has raised $200 million in Series D equity and debt financing “at a valuation of $1.4bn, making it the UK’s latest unicorn.” Led by KKR, an international investment firm, with… Read More

February 10, 2022 @ 12:03 pm By Omar Faridi  |  

Compute North, a key player in sustainable, large-scale computing infrastructure, has announced that it has finalized its growth capital round of $385 million, “comprised of $85 million in the initial Series C equity closing, co-led by Mercuria and Generate Capital with additional investors including National… Read More

February 9, 2022 @ 11:06 pm By Omar Faridi  |  

Consumer lending Fintech Selina Finance has finalized a £150 million Series B round that included equity and debt financing. Selina Finance acquired $115 million in debt funding from Goldman Sachs and GGC and $35 million in equity financing led by Lightrock along with existing investors…. Read More

December 21, 2021 @ 1:23 pm By Tony Zerucha  |  

Novea, a Fintech software company, announced this week it has closed $50 million in equity and $5 million in debt financing. The equity proceeds will go towards wholly-owned subsidiaries Jacana Warranty and Jacana Insurance, to support a proprietary user application platform it developed which services… Read More

December 16, 2021 @ 10:02 am By Omar Faridi  |  

Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More

October 8, 2021 @ 8:26 am By Tony Zerucha  |  

While more than 40 per cent of businesses in the United Kingdom have accessed external finance this year, the economic impact could be far greater, the British Business Bank’s first annual Regions and Nations Tracker reveals. The problems begin with a lack of local investors… Read More