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Oportun secured a $235 million credit facility from Castlelake #Oportun, a mission-driven #fintech company dedicated to improving financial health, has secured a substantial $235 million in new financing. This Senior Secured Term Loan, provided through a Credit Agreement, is aimed at refinancing the company's existing corporate financing facility to optimize its capital structure and enhance profitability. The financing was led by funds managed by #Castlelake, a global alternative investment manager specializing in asset-based private credit, and Neuberger Berman, a private employee-owned investment manager. The loan is fixed at a 15% rate and is set to mature in November 2028. Under the leadership of CEO Raul Vazquez, Oportun plans to use the funds to strengthen its financial position and offer greater balance sheet flexibility. Part of this strategy includes plans to sell the company's credit card portfolio, allowing Oportun to focus on its core products and services. This move is expected to generate more consistent cash flow and potentially increase stockholder value through improved credit performance and strategic originations. Neil Williams, Oportun's Lead Independent Director, commented on the transaction: "After a thorough and competitive process, where multiple strategic options were considered, the Board of Directors determined that this transaction, which was the least dilutive financing option available, would best position Oportun for the future by further strengthening the company’s balance sheet and liquidity as well as enhancing the ability for Oportun to generate consistent cash flow and deliver increased stockholder value." The article on FinTech Global in the first comment.

Coming out of the COVID downturn, Red Lobster faced many issues, including inflationary pressures, unfavorable leases and underperforming locations within its portfolio, and marketing and operational missteps. Hilco Corporate Finance (HCF) was engaged in March 2024 to run a sale process to maximize the value of the enterprise. Read more here: https://lnkd.in/g95xjrG6 #HilcoGlobal #HilcoCorporateFinance #InvestmentBanking

In a world that keeps turning, cash remains both a catalyst for prosperity and a source of challenges. Recognising ‘the power of money is in its potential to turn anything into anything else,’ we at Deposita protect and empower. Our mission ensures cash management serves as a force for good, not a barrier to growth! Discover how we’re shaping a future where businesses of all sizes can ‘Do More With What’s Yours.’ Watch our brand story video for a glimpse into innovative, secure cash management. #Deposita #BrandStory #BrandEducation #ChangeAddsUp #DoMoreWithWhat’sYours

What is Secured Fractional Lending? In the ever evolving world of alternative investments, secured fractional lending is reshaping how investors approach high-yielding opportunities. But what exactly is it, and how does it work? At Starfortis, we specialise in providing structured finance solutions that empower investors to access secure, asset-backed returns in the UK living real estate sector. Our latest blog dives deep into: ✅ The fundamentals of secured fractional lending ✅ How it fits into structured finance ✅ The benefits for investors seeking fixed income or capital growth options Whether you're new to alternative investments or looking to diversify your portfolio, understanding this innovative approach could be your next big opportunity. 👉 Read the blog now to explore how secured fractional lending can work for you: https://lnkd.in/e7e_Wd9s Let us know your thoughts in the comments! 💬 #Starfortis #AssetBackedSecurities #SecuredFractionalLending #PropertyInvestment #FractionalInvesting #FractionalLending #JointVentures #Rebrand #AssetManagement #RealestateInvestments #Innovation #Growth Risk Warning: Fractional investments are an unregulated product, non-readily realisable, non-transferable securities. Investors should be aware that past performance is not a dependable guide to future performance or returns and you may not get back all your original investment. Prospective Investors are strongly advised to seek independent financial advice from an authorised person who specialises in advising on non-readily realisable securities before investing.

Following the recent release of our whitepaper, Secondaries Investor (https://lnkd.in/gajrhytQ) and Private Equity International have featured our analysis (https://lnkd.in/gWz4wZdY) on a critical issue facing private markets: liquidity constraints, particularly for smaller investors. Some key takeaways from our commentary: - Since 2018, capital called has exceeded distributions by $1.57trn - Global PE deal value and count have dropped 60% and 35% respectively since their 2021 peaks - $3.2trn in unsold assets, with 40% being four years or older These headline figures underscore the recent illiquidity in private markets, creating challenges for both LPs and GPs. While secondaries offer a solution, traditional processes have often excluded smaller investors due to high advisory costs and lengthy deal timelines. At Palico, we're addressing this gap by digitalizing secondary transactions. Our platform enables efficient trading of smaller fund stakes, reducing complexity and costs while increasing accessibility. Curious to learn more? Check out our whitepaper on how we're lifting the secondary market’s barriers to entry for investors of all sizes: https://lnkd.in/eAsDa3Wv #secondaries #privateequity #PE

Did you know? P2P lending is making waves globally! From the UK to China to the USA, these platforms are revolutionizing access to credit and investment opportunities for millions. Ready to join the movement? Start your investment journey with Growlex today! GROWLEX -Your Financial Wingman💸 Visit our website - www.growlex.in #growlex #growlexindia #InvestmentTips #GrowWithGrowlex #futureinvestment #SIP #investmentplans #vipplan #directinvestment #safeFuture #rewards #secureYourfuture

Risky Business: A Fintech Panel Hosted by FTI and McGuireWoods: McGuireWoods proudly provides legal counsel and support to entrepreneurs, fintech companies, and bank partners to innovate and change the financial ...

Facing a sudden opportunity you can’t miss? Advancery’s fast and flexible Merchant Cash Advances ensure you have the funds to seize it and drive growth. Whether it's an unplanned chance to expand your inventory, invest in new technology, or capture a market trend, we provide the capital you need without the hassle of traditional loans. Don’t let financial limitations hold you back. With Advancery’s quick and straightforward financing solutions, you can take advantage of unexpected opportunities and drive your business forward. Apply today and discover how we can support your journey to success. Apply Now: https://lnkd.in/d37NBAAb #Advancery #AdvanceryMCA #MerchantCashAdvance #smallbusiness #SMB #StartupFunding #businessfunding #BusinessFinancing #WorkingCapital #fundingopportunities #smallbusinessfunding #cashadvance #MCA #BusinessCapital #financingoptions

Novatti Group (ASX: NOV) completes tranche 1 of its share placement #australianfintech #fintech #fintechnews #finance #financialtechnology #payments #digitalpayments #investors #investing #capitalraise #funding #capraise