Tagged: vpc

September 20, 2023 @ 7:01 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, has amended its existing Delayed Draw Senior Secured Loan Facility with Victory Park Capital Advisors, LLC, effective September 13, 2023. The amendment to the Credit Facility accomplishes the following: Increases the total size by $50 million… Read More

August 2, 2023 @ 5:04 pm By Omar Faridi  |  

Novo, the “powerfully” simple financial platform for small businesses, announced the launch of Novo Funding, “offering small businesses a fast and flexible way to access working capital.” The company has also “secured a $125 million facility from Victory Park Capital (VPC), which will be used… 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

December 22, 2016 @ 12:30 pm By JD Alois  |  

VPC Specialty Lending Investments has sold its portfolio of peer to peer loans that were originated on Funding Circle UK.  VPC stated it was seeking “less volatile returns” in selling the P2P assets. “The sale helps accelerate the company’s strategy of reallocating capital away from… Read More

November 1, 2016 @ 6:06 pm By JD Alois  |  

As part of their Q3 review, VPC Specialty Lending Investments (LSE:VSL) announced it was shifting away from purchasing whole loans to balance sheet investments in the online lending sector.  VPC said continued softness in certain whole loans in their portfolio were offset by a one… Read More

February 27, 2016 @ 3:23 pm By JD Alois  |  

VPC Specialty Lending Investments PLC (LSE:VSL), a publicly traded fund that invests in online lending platforms and assets, continues to see a strong pipeline of investment opportunities within the online lending sector. This is according to VPCs most recent report. The investment manager of the… Read More

September 30, 2015 @ 5:11 pm By JD Alois  |  

VPC Specialty Lending Investments has provided an update on their previously announced share offer.  VPC states that a total of 183 C million shares will be issued at a price of £1/share. The amount was slightly lower than published in September. Victory Park Capital Advisors… Read More

September 1, 2015 @ 8:47 am By JD Alois  |  

Victory Park Capital (VPC) announced today it is investing up to €230 million in loans originated on the Zencap platform over a 3 year period.  German publication Handelsblatt called the investment “a record deal for a German startup” and “the most ever for a continental… 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

May 19, 2015 @ 12:17 pm By JD Alois  |  

VPC Speciality Lending Investments has issued a note stating they are ahead of their goal in deploying investor capital into online lending assets.  According to the Board of Directors, approximately 70% of net IPO funds have been invested in assets such as peer to peer… Read More

March 27, 2015 @ 8:25 am By JD Alois  |  

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired… Read More