i80 Group, a leading investment firm focused on providing structured credit to the financial services sector, closed a $300 million credit facility with Brim Financial (“Brim”), one of the leading payments, credit card and financial technology platforms.

The facility will provide a compelling funding solution for enterprises, fintechs, credit unions, and banks that are choosing Brim’s technology platform to modernize their payments products.

“Brim is reshaping the payments and credit card landscape with a modern platform that provides turnkey, cutting edge technology for banks and credit unions,” said Peter Frank, Managing Director at i80 Group. “We are excited to partner with Brim’s leadership team to provide asset-based capital to Brim’s customers. This facility underscores i80’s commitment to backing financial services companies that are scaling and building durable, long-term businesses.”

Brim Financial’s End-to-End (E2E) Payments and Cards Platform-as-a-Service is a fully integrated, turnkey solution that provides a seamless mobile and web digital experience with API-based functionalities. It enables banks and fintechs to launch, scale, configure, and manage their Payments and Card programs, empowering them to create unique financial solutions for their customers.

Brim’s platform offers customers fully configurable control over their Payments and Card product value chains, and replaces the traditional need for multiple vendors with a robust architecture, as well as integrated omni-channel servicing capabilities. These can all be rapidly deployed and embedded into an existing ecosystem, all within a single technology stack.

The transaction represents one of the largest non-bank credit facilities of its kind in Canada’s fintech sector, reinforcing Brim’s position as a category leader.

“We are thrilled to partner with i80 Group, whose deep expertise in credit and fintech makes them an ideal Funding-as-a-Service partner,” said Rasha Katabi, Founder and CEO of Brim Financial. “This facility is transformative for Brim’s bank, fintech, and credit union partners, providing the resources to accelerate their product launches and deliver on our vision of empowering customers and partners with the most advanced cards and payments platform in the market.”