Source: STM.co
| Total Raise | $100,000,000 USD |
| Soft Cap | $0 USD |
| Raise Status | Closed |
| Minimum Investment | $1,000,000 USD |
| Accepted Investors | International Non-US |
| Exemptions | N/A |
| Instrument | Private Credit |
| Token Issuance Info | N/A |
South American consumer lender offering buy now, pay later ("BNPL") solutions at the point of sale with an average loan size of ~$195 and terms ranging from 1-24 months. The Company operates a two-sided revenue model, generating yield from consumers (interest and fees) and merchants (discount and lead generation fees). The Originator provided a $100 million Senior Secured Delayed Draw Term Loan (upsizeable to $150 million upon mutual consent) to finance anticipated origination growth and refinance an existing warehouse facility secured by the Company's BNPL loan receivables.
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