Tech Company Financing Transactions
Power Finance Funding Round
Power Finance, operating out of New York, secured $316.1 million from Anthemis Group, Fin Venture Capital and CRV.
Transaction Overview
Company Name
Announced On
9/14/2022
Transaction Type
Venture Equity
Amount
$316,100,000
Round
Undisclosed
Investors
Anthemis Group (Lead Investor)
Fin Venture Capital (Lead Investor)
Proceeds Purpose
The company is using the credit facility to fund the receivables of the credit card programs and using the seed funding on building its team, financial infrastructure and bank network.
Company Information
Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
169 Madison Ave 2159
New York, NY 10016
USA
New York, NY 10016
USA
Phone
Undisclosed
Website
Email Address
Overview
We didn't just set out to change how brands do business or build loyalty -- we're reinventing global commerce from the ground up. We believe in the power of equitable financial systems. We believe in the power of owning your own infrastructure. We believe in the power of passionate brands that will change the world.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Randy Fernando
Co-Founder
Andrew Dust
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