Wednesday, April 2, 2025
7.1 C
London
HomeFundingPrivate credit marketplace platform Percent lands $29.7m Series B funding

Private credit marketplace platform Percent lands $29.7m Series B funding

Date:

JPMorgan Chase Invests in FairPlay to Combat Algorithmic Bias

JPMorgan Chase joins a $10 million investment round in...

SRA Watchtower Secures $4 Million for AI-Powered Risk Intelligence

Discover how SRA Watchtower's latest funding round will revolutionize...

Global Fintech Investment Falls to Seven-Year Low in 2024

KPMG's Pulse of Fintech report reveals a significant decline...

US-based private credit marketplace platform Percent has secured $29.7 million in a Series B funding round led by White Star Capital. The funding will support the company’s next phase of growth in the private debt market.

Facts

  • Percent, a New York-based company founded in 2018, operates as a “transparent and data-powered” private capital markets infrastructure for borrowers, underwriters, and investors.
  • The company’s technology facilitates the sourcing, structuring, syndication, and servicing of private credit transactions, enabling faster transactions at a lower cost.
  • The recent Series B funding round led by White Star Capital raised $29.7 million for Percent, bringing the company’s total funding to $48.2 million.
  • Existing investor B Capital Group and new investors including Susquehanna Private Equity Investments, BDMI, Forte Ventures, and Vectr Fintech also participated in the funding round.
  • Eddie Lee, a general partner at White Star Capital, believes that Percent’s development of an end-to-end infrastructure solution for the private debt markets addresses a massive trillion-dollar market and fulfills the need for alternative investment sources in the start-up ecosystem.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories