Tagged: victory park capital

June 7, 2021 @ 4:17 pm By Priyanka Pani  |  

American Challenger bank and personal finance app Dave has announced that it plans to go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital. With this, the banking app’s valuation has ballooned to $4 billion amidst a pandemic that… Read More

March 3, 2021 @ 11:55 pm By Omar Faridi  |  

In early 2020, Opportunity Financial began evaluating whether it should go public. The online lending platform was interested in shifting focus away from the installment loan business to various other financial products (in order to improve its company profile). Jared Kaplan, CEO of the Chicago-based… Read More

January 21, 2021 @ 9:22 pm By JD Alois  |  

Victory Park has returned once again to the SPAC realm seeking another Fintech acquire. According to an S-1 filing with the Securities and Exchange Commission, Victory Park is seeking $225 million in the initial public offering of VPC Impact Acquisition Holdings II. VPC II is… Read More

November 25, 2020 @ 1:42 pm By Samantha Hurst  |  

Kredivo, an Indonesia-based digital credit platform, announced on Tuesday it and Victory Park Capital Advisors, LLC (VPC), a private credit specialist, announced closed a committed debt facility of up to $100 million to fund consumer loans for Kredivo’s borrowers in Indonesia. Kredivo reported that the… Read More

November 17, 2017 @ 3:51 pm By Samantha Hurst  |  

Victory Park Capital (VPC), a Chicago-based investment firm focused on private middle-market debt and equity investments, announced on Wednesday it has appointed formed Capital One executive, Troy Jamison as its first Chief Risk Officer.  Jamison will reportedly oversee the assessment and management of risk within the firm’s… Read More

May 31, 2017 @ 12:21 pm By JD Alois  |  

Applied Data Finance, LLC (ADF), a “technology-enabled lender” and asset manager, has announced that Victory Park Capital (VPC) has increased its existing credit facility with ADF from $50 million to $75 million. The facility has also been extended through 2021. Simultaneously, ADF raised $6.5 million… Read More

January 11, 2017 @ 9:46 am By Samantha Hurst  |  

iZettle, a European fintech company, announced on Wednesday it secured €60 million during its latest funding round, which is made up of equity from existing investors in a Series D extension as well as debt funding from Victory Park Capital through its credit fund, VPC Speciality Lending… Read More

December 1, 2016 @ 9:00 am By Erin Hobey  |  

PeerIQ, a data and analytics provider in the marketplace lending sector, and TransUnion (NYSE: TRU), a global information solutions provider, today announced a strategic partnership to bring enhanced transparency and insight to alternative lending markets. “Our partnership with TransUnion is a significant milestone for us, and… Read More

August 23, 2016 @ 11:09 am By Erin Hobey  |  

LendUp has secured a $47.5M round to grow its L Card, a credit card touting no hidden fees and a flexible payback schedule;  the round was led by Y Combinator Continuity and joined by GV (Google Ventures rebranded), Thomvest Ventures, QED Investors, Data Collective, Susa Ventures, Radicle… Read More

July 28, 2016 @ 9:01 am By Erin Hobey  |  

Elevate, a provider of online credit solutions for non-prime consumers, today announced it has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment advisor dedicated to alternative investing, by an additional $100 million to a total of $545 million. “Elevate… Read More

February 18, 2016 @ 12:45 pm By Samantha Hurst  |  

Victory Park Capital (VPC), an investment firm focused on private middle-market debt and equity investments, announced on Tuesday former Goldman Sachs managing director, Upacala Mapatuna, has joined as chief investment officer. Upacala will reportedly bring more than 20 years of financial industry experience and over 15 years of investing experience to VPC. Richard Levy, CEO and founder of VPC commented:  “We… Read More

November 20, 2015 @ 4:49 pm By JD Alois  |  

Victory Park Capital (VPC) and KKR have announced a $175 million asset-backed securitization of unsecured consumer loans originated via Avant, a direct lending platform. The securitization was priced on Nov. 13. The transaction pairing KKR and VPC is a first. According to company representatives, the… Read More

November 5, 2015 @ 10:28 am By JD Alois  |  

VPC Specialty Lending Investments (LSE:VSL) is a portfolio company that intends to generate an attractive return for holders consisting of dividend income and capital growth via investments in a diverse portfolio of specialty lending opportunities across the marketplace / P2P lending sector. This includes credit… Read More

September 14, 2015 @ 7:42 am By Samantha Hurst  |  

PeerIQ, a financial information services company that connects peer-to-peer (“P2P”) lending to the capital markets by helping institutional investors analyze, access and manage risk, today announced that it raised $2.5 million in a seed-extension round. Participants in the round include new investor and customer Victory… Read More

September 8, 2015 @ 12:40 pm By JD Alois  |  

Victory Park Capital (VCP) has announced a new issuance of common shares to raise another £200 million for VPC Specialty Lending Investments (VSL). The offer price is expected to be £1.00 per C share. The shares presently trade on the LSE. According to the firm,… Read More

August 20, 2015 @ 11:59 am By Samantha Hurst  |  

Marketplace lending platform, Avant, announced on Thursday that two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant’s funding total to $1.1 billion in debt financing, $334 million in equity financing and $400 million raised through the Avant Institutional… Read More

July 30, 2015 @ 10:04 am By Samantha Hurst  |  

Behalf, a payments platform targeted at small and mid-sized businesses, announced a Series B equity round and credit facility totaling $119M. MissionOG, an early to growth stage venture capital firm chaired by Gene Lockhart, the former CEO of MasterCard, led the equity round. Lockhart is joining… Read More

July 27, 2015 @ 3:35 am By Midori Yoshimura  |  

  Asset-backed finance has been chosen as the next round of lending for the Strategic Banking Corporation of Ireland (SBCI), which was set up in 2014 to offer low-cost loans to lenders, according to a recent story in the Independent. The SBCI, led by Scotsman Nick… Read More

July 22, 2015 @ 6:42 am By JD Alois  |  

VPC Specialty Lending Investments (LSE: VSL) has announced that it has invested net IPO proceeds into 16 different direct lenders, in the US, UK and Europe, covering both the consumer and SME loan space. VPC states that it continues to execute on its capital deployment… Read More

June 18, 2015 @ 8:58 pm By JD Alois  |  

VPC Specialty Lending Investments PLC, a listed fund that invests in peer to peer lending assets, has confirmed that the companies shares qualify for ISA inclusion. HM Revenue & Customs have announced that commending July 1, 2o15, savers may take advantage of this new asset… Read More