Key P2P investor finances Applied Data Finance

By Will Caiger-Smith
13 Apr 2015

Victory Park Capital, an asset manager that has been key in the institutionalisation of the marketplace lending sector, has signed a credit facility with online consumer lender Applied Data Finance.

The $50m facility will provide growth capital as ADF looks to launch its suite of lending products in the second quarter.

Victory Park will also provide an equity investment to fund working capital in advance of the ADF’s Series A funding round, which is expected ...

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