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U.S. Fintech West Creek Secures $150MM Credit Facility From Pollen Street Capital

October 21, 2019, 09:00 AM
Filed Under: Lender Finance
Related: Fintech

West Creek, a fast-growing fintech company that provides innovative point-of-sale financing, announced it secured a $150 million credit facility from Pollen Street Capital, bringing West Creek’s total credit facility capacity to $250 million. This expanded capacity enables West Creek to maintain its rapid growth.

Since 2015, West Creek’s revenue has grown over 4,400% and will surpass $200 million for 2019. West Creek partners with over 8,000 retailers nationwide and has helped over 250,000 customers in purchasing essential items, including furniture, mattresses, appliances, tires, and HVAC systems.

“This new credit facility represents a significant milestone for West Creek and allows us to continue to transform point-of-sale financing,” said Rajesh Rao, chief financial officer and chief risk officer. “We are laser-focused on delivering a superior financing experience for our retail partners and their customers through a combination of world-class customer support, technology, and data-science-driven credit decisioning.”

“We are impressed with West Creek’s progress and growth to date and are excited to support its next expansion phase through the $150 million credit facility,” said Lindsey McMurray, founder and managing partner of Pollen Street Capital. “We look forward to a strong, long-lasting partnership and believe that this sets a solid foundation for us to support West Creek in many other aspects.”

Founded in 2014, West Creek helps consumers make life-essential, big-ticket purchases. The company employs over 200 associates and recently earned the 65th spot on Inc. 5000’s Fastest-Growing Companies list, grabbing one of the top spots among retail financing companies. Certified as a “Top Place to Work,” West Creek was recently named as the 2nd fastest-growing company on the RVA25 list of fastest growing companies in Richmond, VA.

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