Search Results for: credit facility

Cambridge Savings Bank Supports the Expansion of Tropical Products with a New Market Tax Credit and Loans Totaling $16 Million
Banking News

Cambridge Savings Bank Supports the Expansion of Tropical Products with a New Market Tax Credit and Loans Totaling $16 Million

Fintech News Desk
by Fintech News Desk0
The $16 million in capital contributes to a $24.8 million project that includes the acquisition of land and construction of a new manufacturing facility Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, announced that it has provided $16 million in funding......
CIBC Innovation Banking Announces Growth Capital Facility for SupportLogic
Banking News

CIBC Innovation Banking Announces Growth Capital Facility for SupportLogic

Fintech News Desk
by Fintech News Desk0
CIBC Innovation Banking is pleased to announce a growth capital facility for San Jose-based SupportLogic, Inc., a support experience (SX) platform designed to proactively improve customer experience and revenue retention. “SupportLogic is empowering world-class B2B enterprise companies to transform their support experience and their brand impressions” The SupportLogic platform leverages......
Cambridge Savings Bank Provides Artist & Craftsman Supply with a $4 Million Revolving Line of Credit to Pursue Strategic Growth Initiatives
Banking Lending News

Cambridge Savings Bank Provides A&C Supply with a $4 Million Revolving Line of Credit to Pursue Strategic Growth Initiatives

Fintech News Desk
by Fintech News Desk0
The employee-owned arts and crafts retailer will leverage the credit line to support rebounding sales following the Covid-19 pandemic Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, announced that its Asset-Based Lending team provided a $4 million revolving line of credit to Artist &......
FinVolution Secures Increased Financing Facility for AdaKami Through Strengthened Cooperation with PT Bank Jago
Finance News

FinVolution Secures Increased Financing Facility

Fintech News Desk
by Fintech News Desk0
FinVolution Group (“FinVolution,” or the “Company”), a leading fintech platform, announced that its Indonesian subsidiary, AdaKami, obtained a fivefold increase in its financing facility with PT Bank Jago Tbk (“Bank Jago”). The increase from 100 billion Rupiah to 500 billion Rupiah (US$34.9 million) will enhance AdaKami’s ability to expand credit access to broader......
Banking News

Kontrol Technologies Enters into $50 Million Credit Agreement with Schedule 1 Bank Facilities provide Revolver and Acquisition financing

Fintech News Desk
by Fintech News Desk0
Significantly increases financing capacity to fund future acquisitions and growth initiatives Kontrol Technologies Corp. a leader in smart buildings and cities through IoT, Cloud and SaaS technology, is pleased to announce that it has entered into a credit agreement (the “Credit Agreement”) with a Schedule 1 bank (the “Lender”) for up......
Koalafi Closes Multi-Million Dollar Warehouse Facility with Forbright Bank
Banking Finance News

Koalafi Closes Multi-Million Dollar Warehouse Facility with Forbright Bank

Fintech News Desk
by Fintech News Desk0
Secured Debt Facility Enables Koalafi to Further Scale Expansion of Loan Financing to Serve More Consumers Through an Innovative Single Application Koalafi, a fast-growing consumer financing provider committed to providing innovative pay-over-time options to customers from all credit backgrounds, announced today the signing of a multi-million secured debt facility from......
New Fintech Launches with $20 million in Seed Capital, $50m Warehouse to be the First to Combine Credit and International Money Transfer
Digital Wallet News

New Fintech Launches with $20 million in Seed Capital, $50Million Warehouse to be the First to Combine Credit and International Money Transfer

Fintech News Desk
by Fintech News Desk0
Pomelo launches a new type of credit card that enables families in the US to extend their credit abroad while avoiding expensive remittance fees – an industry first Pomelo announced a Series Seed of $20 million in venture capital and $50m in warehouse facility for a total of $70m in seed financing, and is the first company to......
Adsum Revolutionises alt-fi Again, Launches Monthly Tax-Credit Financing Model
Finance News

Adsum Revolutionises alt-fi Again, Launches Monthly Tax-Credit Financing Model

Fintech News Desk
by Fintech News Desk0
Adsum, the UK’s only fintech tax credit specialist, launches a new product to help businesses in a tax-refund position, offering immediate, monthly access to end-of-year tax credits while avoiding HMRC delays. Adsum offers a new product to the UK’s rapidly scaling businesses that want to improve the resilience of their cash......
CURO Closes $425 Million Facility
Finance News

CURO Closes $425 Million Facility

Fintech News Desk
by Fintech News Desk0
CURO Group Holdings Corp. a tech-enabled, omni-channel consumer finance company serving non-prime and prime consumers in the U.S. and Canada, today announced that on July 15, 2022, it entered into a new $425 million non-recourse revolving warehouse facility to replace the incumbent lender and finance future loans originated by Heights......
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