Tag : Credit Facility

DailyPay Secures $300 Million Credit Facility From Barclays in a Landmark Deal for the On-Demand Pay Industry
Digital Payments Finance News

DailyPay Secures $300 Million Credit Facility From Barclays in a Landmark Deal for the On-Demand Pay Industry

Fintech News Desk
by Fintech News Desk0
Facility Extends DailyPay’s Leadership Position in On-Demand Pay DailyPay, a leading technology platform, announced it has secured a $300 million revolving credit facility from Barclays. The revolving credit facility will provide DailyPay access to significant capital to service its ever-growing roster of partners, which includes America’s leading employers. “A fortress balance......
Specialty Capital Announces $10 Million Credit Facility, Appoints Chief Risk Officer
Finance Fintech Funding News

Specialty Capital Announces $10 Million Credit Facility, Appoints Chief Risk Officer

Fintech News Desk
by Fintech News Desk0
Specialty Capital, LLC, a leading technology driven specialty finance company, has closed on a $10 million credit facility with a U.S. based, alternative credit asset manager. The facility will provide Specialty Capital with an initial borrowing capacity of $10 million to expand its funding capabilities, strengthen their ability to provide funding for small......
Fintegra Secures $30 Million Credit Facility
Fintech Funding News

Fintegra Secures $30 Million Credit Facility

Fintech News Desk
by Fintech News Desk0
The fintech company secured a $30 million credit facility with Bastion Funding to fuel its continued growth in the small business financing space The demand for working capital remains robust, and the alternative lending industry continues to expand. Fintegra, a fintech direct funder, has secured a credit facility of $30 million from......
P97 Secures $40 Million of Venture Debt Financing from an Affiliate of Peak Rock Capital
Commerce News

P97 Secures $40 Million of Venture Debt Financing from an Affiliate of Peak Rock Capital

Fintech News Desk
by Fintech News Desk0
P97 Networks, the leading mobile commerce platform provider to the convenience retail, fuels marketing, and automotive industries, announced that it has secured $40 million of venture debt financing from an affiliate of Peak Rock Capital, a leading middle-market private investment firm. This new credit facility was designed to support several......
SLR Investment Corp. Amends Credit Facility; Reduces Pricing and Extends Maturity
Fintech Investment Services News

SLR Investment Corp. Amends Credit Facility; Reduces Pricing and Extends Maturity

Fintech News Desk
by Fintech News Desk0
SLR Investment Corp., reported that it has amended its senior secured credit facility (“Credit Facility”). The amendment includes a reduction in the Credit Facility’s pricing grid of 25 basis points, to LIBOR + 175 – 200 basis points, based on certain conditions. The Credit Facility was expanded from $620 million......
Mercuria Successfully Closes Oversubscribed Secured Revolving Credit Facility Of Us$ 2,200,000,000 In Financing For Its North American Business
Banking News

Mercuria Successfully Closes Oversubscribed Secured Revolving Credit Facility Of Us$ 2,200,000,000 In Financing For Its North American Business

Fintech News Desk
by Fintech News Desk0
Mercuria’s North American operating entities (“Mercuria” or “the Company”) are pleased to announce the successful closing of its US$ 2,200,000,000 multi-year senior secured borrowing base credit facility (the “Facility”). The Facility was over-subscribed, enabling Mercuria to increase the size by US$ 500,000,000 and add a 2-year tranche.  The joint and several borrowers are Mercuria......
Viracta Therapeutics Secures $50 Million Credit Facility from Silicon Valley Bank and Oxford Finance
Finance News

Viracta Therapeutics Secures $50 Million Credit Facility from Silicon Valley Bank and Oxford Finance

Fintech News Desk
by Fintech News Desk0
 Viracta Therapeutics, Inc., a precision oncology company primarily focused on targeting virus-associated malignancies, announced that the Company has entered into a loan and security agreement with Silicon Valley Bank (SVB) and Oxford Finance LLC (Oxford) for up to $50.0 million. In connection with the $50.0 million credit facility, the Company and SVB......
Qupital
Fintech News

Qupital Secures US$150 Million Round to Accelerate Global Expansion and B2B “Buy Now, Pay Later” Product

Fintech News Desk
by Fintech News Desk0
Asia’s leading e-commerce financing platform launches merchant financing securitization facility with Citi, first deal of its kind in Asia Asia’s leading financial technology platform Qupital announced it has raised US$150 million in a combination of Series B equity funding and a receivables-backed securitization facility. The equity funding will reinforce Qupital’s......
BB Energy closes first U.S. Digital Revolving Borrowing Base Credit Facility through Komgo Blockchain Partnership
Blockchain Fintech News

BB Energy closes first U.S. Digital Revolving Borrowing Base Credit Facility through Komgo Blockchain Partnership

Fintech News Desk
by Fintech News Desk0
BB Energy, a leading global independent energy trading company, successfully closed a $500 million senior secured revolving borrowing base credit facility (the “Facility”). Based on an initial launch size of $450 million, the Facility was oversubscribed with commitments received from a diverse group of 8 lenders. The Facility also has embedded a $150 million accordion......
Kuber Secures $40 Million Credit Facility from Schedule I Bank
Banking Fintech Mortgage News

Kuber Secures $40 Million Credit Facility from Schedule I Bank

Fintech News Desk
by Fintech News Desk0
Kuber Mortgage Investment Corporation is pleased to announce that it has secured a $40 million revolving credit facility (the “Credit Facility”) from a top 5 Canadian Schedule 1 bank (the “Bank”). The Credit Facility is for a term of 12 months. Read More: QuickFee Introduces Connect, A New Payment Integration with Wolters......
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