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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Credit Suisse, Hudson Cove Capital Provide $60MM Financing to Fintech Kafene
Friday, November 19, 2021
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Lenders/Participants
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Credit Suisse Bank [Lender]
Hudson Cove Capital Management [Lender]
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Structure
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Credit Facility
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Amount
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$60.000
Million
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Borrower(s)
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Kafene
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Description
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$75 million in additional debt and equity to accelerate company growth. The package included a $50 million credit facility from Credit Suisse, with an additional $10 million provided by Hudson Cove Capital Management. An additional $15 million was added to Kafene's original Series A investment, bringing the total to $30 million, co-led by equity investors Valar Ventures and Third Prime. The $75 million in capital allows Kafene to scale its retail footprint and significantly expand delivery of its financing platform to the 100 million-plus under-banked U.S. consumers who have limited or no access to credit for often vital purchases.
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Industry
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FinTech
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| Related Tags |
Credit Suisse, Fintech, Hudson Cove Capital Management, Kafene
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ABL Advisor
Deal Tables
2024
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