Tagged: jason brown

Neobank Dave Amends Credit Facility to Increase Capacity, Advance Rate, Reduce Cost of Funds, Extend Maturity

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

Fintech Klar Acquires $100M Debt Facility from Victory Park Capital to Expand Credit Products in Mexico

Klar, S.A. de C.V., the Mexico City-based digital financial services platform, announced that it has secured a $100 million credit facility from Victory Park Capital (VPC), a global alternative investment firm specializing in private credit. The financial support from VPC will aim to “propel Klar… Read More

Global Fintech SumUp Enters $100M Credit Facility with Victory Park Capital

Global fintech company SumUp announced that it has entered into a US$100 million credit facility with Victory Park Capital (VPC), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp “to provide advance payments to merchants based in the UK… Read More

Credit Card Tech Firm Petal Receives $200 Million in Debt Capital

Petal, a Fintech in the credit card sector, has received a $200 million debt facility from Victory Park Capital (VPC). At the same time, Petal states that it has agreed to an extension of an existing term loan as well as a new loan of… Read More

San Francisco based Tally, a Personal Finance Management Firm, Hires Executives for Growing its Product and Marketing Operations

Tally, a company that assists borrowers with paying off their credit cards and managing their spending, recently recruited two executives with considerable experience in Fintech while working at Betterment and SoFi. The San Francisco-based firm has appointed Anthony Schrauth as Tally’s new VP of Product… Read More

Send this to a friend