Award-Profitable Level-of-Sale Fintech Platform LendingUSA Closes $200 Million Senior Credit score Facility From Atalaya and Credit score Suisse

LendingUSA, a number one supplier of point-of-sale financing, has closed a brand new credit score facility of $200 million from Atalaya Capital Administration and Credit score Suisse. Sector Monetary Inc., an affiliate of Credit score Suisse, supplied entry to the credit score facility. LendingUSA has beforehand closed credit score amenities from each Atalaya and Credit score Suisse.   

Since its founding in 2015, LendingUSA has grown to serve greater than 10,000 service provider purchasers all through the USA and has processed billions in borrower mortgage requests. Its service provider companions, which embrace funeral properties, pet retailers, tax service suppliers and extra, use LendingUSA to supply financing to their prospects on the level of sale. Its easy-to-use on-line platform permits retailers to submit an software and obtain a mortgage resolution inside minutes.

The brand new credit score facility will permit LendingUSA to proceed to broaden its services and products. 

“This is a crucial step ahead for LendingUSA. This funding capability will permit us to maintain increasing and keep true to our imaginative and prescient in serving to our prospects to finance the essential moments in life,” says Camilo Concha, founder and CEO of LendingUSA. “Securing this credit score facility with Atalaya and Credit score Suisse will assist us get to the subsequent degree of our journey.”

“It is a pleasure to work with monetary establishments like Atalaya and Credit score Suisse,” says Adam Contino, CFO of LendingUSA. “We look ahead to accelerating our innovation with the assistance of this funding capability.”

About LendingUSA

LendingUSA is an award-winning point-of-sale fintech firm that provides retailers a seamless financing answer with entry to mortgage choices in seconds, promotional financing phrases, and low month-to-month fee choices for its prospects throughout numerous area of interest markets. Based in 2015, LendingUSA has enrolled over 10,000 retailers nationwide and has processed practically $10 billion in borrower mortgage requests.

LendingUSA is dedicated to creating the perfect financing expertise out there by means of its proprietary point-of-sale lending answer. The corporate boasts a client score of 4.8 out of 5 stars on BirdEye. All loans are made by its lending companions.

About Atalaya Capital Administration

Atalaya Capital Administration is a privately held, SEC-registered, different funding advisory agency. Atalaya primarily focuses on making non-public credit score and particular alternatives investments in three principal asset courses — specialty finance, actual property, and company. Based in 2006, Atalaya is headquartered in New York Metropolis and has roughly $6 billion in belongings beneath administration.

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Supply: LendingUSA