Thursday, November 21, 2024
9.5 C
New York

US fintech Ampla secures $258m credit facility with Goldman Sachs and Atalaya

Ampla, a New York-based financial solutions provider, secures a $258 million credit facility from Goldman Sachs and Atalaya Capital Management, supporting its growth capital products and all-in-one platform for consumer brands.

Facts

  • Ampla, a New York-based provider of financial and capital solutions for consumer brands, obtains a $258 million credit facility.
  • The facility will support the development and deployment of Ampla’s growth capital products and its comprehensive platform for consumer brands.
  • Since its launch in 2019, Ampla’s platform has connected consumer brands with embedded banking, bill pay, analytics, growth capital, and corporate card solutions.
  • Anthony Santomo, the CEO and co-founder of Ampla, highlights the evolving landscape for consumer brands and Ampla’s commitment to meeting customers’ unique needs.
  • The platform offers flexible capital terms, digital banking, and corporate card products, positioning Ampla as a leading solution for consumer brands seeking improved cash flow and growth.
  • Ampla announces a Visa-issued corporate card service and an extended payment terms solution, contributing to over $1.5 billion in originations and $6 billion in transaction processing.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img