San Francisco fintech company Cardless has secured a three-year $75 million credit facility from i80 Group. This warehouse facility will allow Cardless to fund customer receivables, support its growth, and establish partnerships with brands for co-branded credit card products.
Facts
- Cardless has secured a $75 million credit facility from i80 Group, a fintech debt deal.
- The credit facility is a warehouse facility that will help Cardless fund customer receivables and support its growth.
- Cardless plans to forge and develop partnerships with brands for co-branded credit card solutions.
- The debt facility provides Cardless with the flexibility to meet the growing demand for co-branded credit card products.
- Cardless has established partnerships with top-tier companies such as LATAM Airlines, Simon Property Group, American Express, and Liverpool Football Club.
- The debt facility from i80 Group highlights Cardless’ credibility and reputation in a challenging macroeconomic environment.
- Since its founding in 2019, Cardless has raised over $50 million in equity funding from various investors, including Activant Capital, Greycroft, Accomplice, Pear VC, and prominent individuals from the sports and technology industries.
