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
Read more in: Fintech | Tagged credit card, debt facility, fintech, petal, svb, trinity capital, u.s., united states