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As a fintech company bringing innovation to a key segment of the point-of-sale financing market, we're excited to share we secured $75 million in additional debt and equity to accelerate company growth. The package included a $50 million credit facility from Credit Suisse, a leading global investment bank and financial services firm, with an additional $10 million provided by Hudson Cove Capital Management, an alternative credit asset manager. An additional $15 million was added to Kafene’s original Series A investment, bringing the total to $30 million, co-led by equity investors Valar Ventures and Third Prime. The $75 million in capital allows us to scale our retail footprint and significantly expand delivery of our financing platform to the 100 million-plus under-banked U.S. consumers who have limited or no access to credit for often vital purchases. We've grown exponentially over the last year while we continue meeting the needs of underbanked consumers and the retailers who serve them.
Kafene recently completed their Series A round of funding, raising $14mm!
