Leading Fintech Company Marlette Announces $225 Million Preferred Equity Raise

Mar 10, 2022•almost 4 years ago

Amount Raised

$225 Million

Wilmington

Description

Best Egg, the machine learning powered, online credit and financial wellness platform that is owned and operated by Marlette Holdings, Inc, announced today that it has secured $225 million in committed preferred equity capital. The Series E capital round was led by the Healthcare of Ontario Pension Plan (HOOPP), which manages over $80 billion in assets, with participation from investment funds advised by Davidson Kempner Capital Management LP, as well as a large international bank.

Company Information

Company

Marlette Holdings

Location

Wilmington, Delaware, United States

About

Marlette Holdings, Inc. is a leading financial technology provider whose subsidiaries develop and operate the Best Egg financial platform, which aims to help people feel more confident about their everyday finances. The team mixes decades of banking experience with deep customer knowledge and smart technology to deliver digital products, services, and experiences in a more relevant way. Since March 2014, the platform has delivered over $16 billion of consumer loans with strong credit performance. For more information, visit www.BestEgg.com. Media Contact: Mark Ladley mladley@slicecommunications.org267-644-9077 SOURCE Best Egg

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Leading Fintech Company Marlette Announces $225 Million Preferred Equity Raise

Description

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Funding Insights

Company Information