Cash flow management company Settle has secured a $145 million credit facility with Silicon Valley Bank. The financing, announced in a news release Tuesday (July 25), will let Settle develop its lending products for larger eCommerce and consumer brands. “Approximately 80 percent of small businesses fail because of cash-flow issues,”...
Gulp Data has secured a credit facility of up to $25 million to expand its commercial lending capacity. The firm will now offer businesses non-dilutive funding directly from its own balance sheet as well as working with forward flow partners, as it has done since 2021,...
Comvest Credit Partners has invested in digital healthcare solutions provider CheckedUp. The direct lending platform said in a Friday (Dec. 2) press release that it acted as an administrative agent on a senior secured credit facility to support CheckedUp’s acquisition of digital healthcare solutions and...
After a week of bad news, the embattled Wirecard AG caught a break from lenders that provided 1.75 billion euros ($2 billion) in credit to the German payment services company, sources told Bloomberg News. The banks said they will determine the troubled company’s long-term viability before requiring Wirecard to...
October 03, 2024
The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech giants and venture capitalists, the artificial intelligence (AI) startup revealed it had established a $4 billion credit facility with nine of the world’s largest banks. The revolving credit facility — […]
July 25, 2023
Cash flow management company Settle has secured a $145 million credit facility with Silicon Valley Bank. The financing, announced in a news release Tuesday (July 25), will let Settle develop its lending products for larger...
June 27, 2023
Gulp Data has secured a credit facility of up to $25 million to expand its commercial lending capacity. The firm will now offer businesses non-dilutive funding directly from its own balance...
December 02, 2022
Comvest Credit Partners has invested in digital healthcare solutions provider CheckedUp. The direct lending platform said in a Friday (Dec. 2) press release that it acted as an administrative agent...
