Search Results for: working capital

Main Street Announces Follow-On Investments
Investment Services Investments News

Main Street Announces Follow-On Investments

Fintech News Desk
by Fintech News Desk0
Invests $9.5 Million in Direct Marketing Solutions, Inc. and $6.3 Million in Nebraska Vet AcquireCo, LLC Main Street Capital Corporation is pleased to announce that it recently completed three new follow-on investments, totaling $15.8 million, in two existing portfolio companies, Direct Marketing Solutions, Inc. (“DMS”) and Nebraska Vet AcquireCo, LLC (dba......
BitNile Holdings Obtains $52.2 Million in Secured Debt Financing
Fintech News

BitNile Holdings Obtains $52.2 Million in Secured Debt Financing

Fintech News Desk
by Fintech News Desk0
BitNile Holdings, Inc., a diversified holding company announced that it has sold $58.4 million of principal face amount 10% Original Issuance Discount Promissory Notes to sophisticated investors for $52.2 million The Notes are due and payable on March 31, 2022, accrue interest at the rate of 8% per annum and......
Mountain Province Diamonds Provides Additional Detail on Proposed New Financing Arrangement
Finance News

Mountain Province Diamonds Provides Additional Detail on Proposed New Financing Arrangement

Fintech News Desk
by Fintech News Desk0
Mountain Province Diamonds Inc. is pleased to announce further details regarding its proposed financing arrangement involving its largest shareholder, Mr. Dermot Desmond. While the arrangements are non-binding, Mountain Province is working with its largest shareholder, Mr. Dermot Desmond, to reach binding agreements in early 2022. The Proposed Arrangement is subject to, among other things, finalization......
CurrencyWorks Announces US$500,000 Strategic Financing Led By Management
Digital Payments Finance News Stock Market

CurrencyWorks Announces US$500,000 Strategic Financing Led By Management

Fintech News Desk
by Fintech News Desk0
CurrencyWorks Inc., a blockchain pioneer, NFT, and digital payment provider, announced that the Company intends to complete a non-brokered private placement pursuant to Section 4(a)(2) of the Securities Act of 1933 or Regulation S under the Securities Act of 1933, as applicable, pursuant to which the Company plans to sell......
Steel Partners Holdings Amends and Extends Credit Agreement
Banking News

Steel Partners Holdings Amends and Extends Credit Agreement

Fintech News Desk
by Fintech News Desk0
Steel Partners Holdings L.P., a diversified global holding company, announced it has amended and extended its credit agreement with a syndicate of banks led by PNC Bank, National Association. The new five-year, $600 million, revolving credit facility covers substantially all SPLP entities, with the exception of Steel Partners’ WebBank subsidiary.......
Transigo Scores $70 Million Funding Facility to Drive the Growth of Its B2B Cross-Border Marketplace Point-of-Sale Financing Solution
B2B Fintech News

Transigo Scores $70 Million Funding Facility to Drive the Growth of Its B2B Cross-Border Marketplace Point-of-Sale Financing Solution

Fintech News Desk
by Fintech News Desk0
Fintech company Transigo, a provider of SaaS software that enables cross-border B2B marketplaces to provide point-of-sale financing to its buyers, announced today it had successfully secured a $70 million funding facility from two publicly listed companies in Israel. This facility will allow Transigo to expand its point-of-sale SaaS platform to......
Atento Announces Signing of New Super Senior Revolving Credit Facility
Finance News

Atento Announces Signing of New Super Senior Revolving Credit Facility

Fintech News Desk
by Fintech News Desk0
The IDB Invest credit facility to provide $43 million in financing, which may be raised to $50 million Atento S.A., one of the world’s five largest providers of customer relationship and business process outsourcing (CRM / BPO) services and sector leader in Latin America, announced that it entered on December 23,......
Needham Bank Commits $2 Million CRA Equity Investment to Reinventure Capital Fund I, LP
Banking News

Needham Bank Closes $25 Million Loan to Wind Energy Project

Fintech News Desk
by Fintech News Desk0
Wind Power Project will Produce 20 megawatts Needham Bank, which for more than a century has served as New England’s “Builder’s Bank,”  is pleased to announce it has closed a $25mm loan to an affiliate of SWEB Development USA (SWEB), Natick, MA for the development of a wind energy project in Maine. The loan is based......
Nium Launches Virtual Card Issuing Solution for the United States Travel Industry
Digital Payments News

Nium Launches Virtual Card Issuing Solution for the United States Travel Industry

Fintech News Desk
by Fintech News Desk0
Virtual card issuance capabilities allow travel-related businesses to optimize supplier payments and better manage cash flow Nium, a leader in global payments and card issuance for businesses, launched its virtual card issuing solution in the United States, making it faster and easier for travel-related businesses to pay suppliers. The Nium virtual......
Corcentric, a Leading B2B Network That Transforms How Companies Purchase, Pay, and Get Paid, To Become Publicly Listed Through a Business Combination With North Mountain Merger Corp
B2B Digital Payments News

Corcentric, a Leading B2B Network That Transforms How Companies Purchase, Pay, and Get Paid, To Become Publicly Listed Through a Business Combination With North Mountain Merger Corp

Fintech News Desk
by Fintech News Desk0
– Corcentric delivers an unmatched combination of cloud-based software, payments, and advisory services to enterprise and middle-market customers. – Corcentric’s proprietary B2B payments network is comprised of over 450,000 buyers and over 1.4 million suppliers and processes over $100 billion of transaction volume. – Corcentric and North Mountain to combine......
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