SHERMAN OAKS, Calif., Sept. 3, 2020 /PRNewswire/ — LendingUSA, a number one point-of-sale financing supplier, has introduced that it closed a brand new credit score facility and acquired a complete financing package deal of as much as $200 Million from Atalaya Capital Administration, a privately held funding advisory agency primarily based out of New York.
LendingUSA is a point-of-sale (POS) fintech firm that provides retailers a seamless financing resolution with entry to immediate pre-approval choices, promotional financing phrases, and low month-to-month fee choices. This announcement follows Atalaya’s earlier funding of $250 Million in 2019.
Since its inception, LendingUSA has grown to over 10,000 service provider shoppers nationwide and has processed over $2 billion in borrower loan requests. LendingUSA presents its retailers entry to its easy-to-use platform that enables them to finish functions in a matter of minutes and obtain loan choices inside seconds.
“At LendingUSA, we’re persevering with to remain true to our mission of offering good financing options for the essential moments in life,” says Camilo Concha, Founder and CEO of LendingUSA. “Atalaya’s newest funding dedication exhibits the enduring energy of our partnership and their continued assist to the expansion of our enterprise.”
“We’ve got discovered Atalaya Capital Administration to be strategic, and relationship-oriented companions,” says Ron Oertell, CFO of LendingUSA. “We’re thrilled to proceed working with them towards an thrilling future for the corporate.”
With this newest closing, LendingUSA might be poised to proceed increasing its enterprise and accelerating its progress and improvement of recent merchandise.
“We’re excited to increase upon our long-term partnership with LendingUSA,” says Raymond Chan, a Associate at Atalaya Capital Administration. “This financing permits LendingUSA to proceed rising and additional demonstrates Atalaya’s dedication to the point-of-sale financing trade.”
LendingUSA is an award-winning point-of-sale fintech firm that provides retailers a seamless financing resolution with entry to loan choices in seconds, promotional financing phrases, and low month-to-month fee choices for its prospects throughout varied area of interest markets.
Based in 2015, LendingUSA is a proud licensed minority-owned enterprise, rising to over 10,000 retailers nationwide and processing over $2 billion in borrower loan requests. LendingUSA is dedicated to creating the perfect financing expertise accessible by means of its proprietary point-of-sale lending resolution. The corporate boasts a client score of 4.eight out of 5-stars on BirdEye. All loans are made by Cross River Bank, a New Jersey State Chartered Bank, Member FDIC.
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 state of affairs investments in three principal asset lessons: specialty finance, actual property and company. Based in 2006, Atalaya is headquartered in New York Metropolis and has greater than $5 billion in belongings underneath administration. For extra data go to https://www.atalayacap.com
Amanda Krebs, Advertising Supervisor
LendingUSA™ Receives New $200 Million Funding Dedication From Atalaya