We're getting ready to accelerate our growth
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.
